Insider Selling: Everspin Technologies, Inc. (NASDAQ:MRAM) VP Sells 2,275 Shares of Stock

Everspin Technologies, Inc. (NASDAQ:MRAMGet Free Report) VP David Schrenk sold 2,275 shares of the stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $6.07, for a total transaction of $13,809.25. Following the completion of the transaction, the vice president now directly owns 108,717 shares of the company’s stock, valued at approximately $659,912.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

David Schrenk also recently made the following trade(s):

  • On Tuesday, May 28th, David Schrenk sold 1,534 shares of Everspin Technologies stock. The stock was sold at an average price of $6.00, for a total transaction of $9,204.00.
  • On Tuesday, March 26th, David Schrenk sold 222 shares of Everspin Technologies stock. The stock was sold at an average price of $8.02, for a total transaction of $1,780.44.
  • On Wednesday, March 20th, David Schrenk sold 1,560 shares of Everspin Technologies stock. The stock was sold at an average price of $7.88, for a total transaction of $12,292.80.

Everspin Technologies Price Performance

Everspin Technologies stock opened at $5.98 on Friday. The business has a 50 day moving average of $6.47 and a 200-day moving average of $7.81. Everspin Technologies, Inc. has a 1 year low of $5.54 and a 1 year high of $10.50. The company has a market capitalization of $128.70 million, a P/E ratio of 16.16 and a beta of 0.87.

Everspin Technologies (NASDAQ:MRAMGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.04). Everspin Technologies had a net margin of 12.77% and a return on equity of 15.70%. The firm had revenue of $14.43 million during the quarter. During the same period in the prior year, the company earned $0.04 earnings per share.

Analyst Ratings Changes

A number of research analysts have recently commented on MRAM shares. Needham & Company LLC dropped their target price on shares of Everspin Technologies from $12.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. StockNews.com raised shares of Everspin Technologies from a “hold” rating to a “buy” rating in a report on Thursday, May 30th. Finally, Craig Hallum lowered their price objective on Everspin Technologies from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd.

Get Our Latest Report on MRAM

Institutional Trading of Everspin Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Everspin Technologies by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 776,934 shares of the business services provider’s stock valued at $6,153,000 after purchasing an additional 22,657 shares during the period. Acadian Asset Management LLC increased its position in Everspin Technologies by 19.5% during the 1st quarter. Acadian Asset Management LLC now owns 714,107 shares of the business services provider’s stock valued at $5,652,000 after purchasing an additional 116,591 shares during the period. Hillsdale Investment Management Inc. increased its position in Everspin Technologies by 8.9% during the 1st quarter. Hillsdale Investment Management Inc. now owns 242,102 shares of the business services provider’s stock valued at $1,917,000 after purchasing an additional 19,700 shares during the period. GSA Capital Partners LLP increased its position in Everspin Technologies by 4.1% during the 1st quarter. GSA Capital Partners LLP now owns 70,840 shares of the business services provider’s stock valued at $561,000 after purchasing an additional 2,764 shares during the period. Finally, Oppenheimer & Close LLC acquired a new stake in Everspin Technologies during the 1st quarter valued at approximately $491,000. Institutional investors and hedge funds own 44.68% of the company’s stock.

Everspin Technologies Company Profile

(Get Free Report)

Everspin Technologies, Inc engages in the manufacture and sale of magnetoresistive random access memory (MRAM) products in the United States, Japan, Hong Kong, Germany, Singapore, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for MRAM products.

Further Reading

Insider Buying and Selling by Quarter for Everspin Technologies (NASDAQ:MRAM)

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