Adesto Technologies Corp (IOTS) Files Form 4 Insider Buying : Ron Shelton Buys 25,000 Shares

Adesto Technologies Corp (IOTS): Ron Shelton , CFO of Adesto Technologies Corp purchased 25,000 shares on May 10, 2016. The Insider buying transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were purchased at $3.54 per share for a total value of $88,500.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Oct 28, 2015, Keith Crandell (director 10% owner) purchased 400,000 shares at $5.00 per share price.

Company has been under the radar of several Street Analysts.Adesto Technologies Corp is Reiterated by Needham to Strong Buy while Lowering the Price Target of the company shares to $ 8 from a previous price target of $10 . The Rating was issued on Apr 14, 2016.Adesto Technologies Corp is Reiterated by The Benchmark Company to Buy while Lowering the Price Target of the company shares to $ 8 from a previous price target of $9 . The Rating was issued on Apr 13, 2016.Adesto Technologies Corp is Initiated by The Benchmark Company to Buy and the brokerage firm has set the Price Target at $9. The Rating was issued on Feb 19, 2016.

Adesto Technologies Corporation is a provider of application-specific non-volatile memory (NVM) products. The Company optimizes its NVM products for Internet of Things (IoT) applications including Internet-connected devices in the consumer electronics industrial medical and wearables markets. The Company’s NVM product families include DataFlash Fusion Flash and Mavriq. The Company’s products offer different feature sets and architectures and are organized into three product families based on two silicon technology platforms: floating gate and Conductive Bridging Random Access Memory (CBRAM). The Company sells its products directly to original equipment manufacturers (OEMs) and original design manufacturers (ODMs) that manufacture products for its end customers.

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