In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Adesto Technologies Corp. (NASDAQ:IOTS) reported that 180 Degree Capital Corp. has picked up 1,769,868 of common stock as of 2017-06-15.
The acquisition brings the aggregate amount owned by 180 Degree Capital Corp. to a total of 1,769,868 representing a 8.8% stake in the company.
For those not familiar with the company, Adesto Technologies Corporation is a provider of application-specific and ultra-low power non-volatile memory products. The Company optimizes its non-volatile memory products for Internet of Things (IoT), applications, including current and next-generation Internet-connected devices in the consumer, industrial, medical and wearables markets. It operates in application-specific and feature-rich, ultra-low power non-volatile memory (NVM) products segment. It combines its non-volatile memory design capabilities with intellectual property and differentiated technology platforms to deliver products that manage the overall energy consumption of its customers’ systems and battery life. Its products feature embedded intelligence in a small form factor. It sells its products directly to original equipment manufacturers and original design manufacturers, respectively that manufacture products for its end customers.
A glance at Adesto Technologies Corp. (NASDAQ:IOTS)’s key stats reveals a current market capitalization of $66.94 Million based on $15.84 Million shares outstanding and a price at last close of $4.05 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-11-21, Derhacobian picked up 10,000 at a purchase price of $1.76. This brings their total holding to 436,861 as of the date of the filing.
On the sell side, the most recent transaction saw Wang unload 2,600 shares at a sale price of $5.10. This brings their total holding to 76,078.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an Adesto Technologies Corp. (NASDAQ:IOTS) as things move forward to see if its progress aligns with these transactions.
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