William Earl Cooper Sells 6,807 Shares of Everspin Tech (NASDAQ:MRAM) Stock

Everspin Tech (NASDAQ:MRAM) CFO William Earl Cooper sold 6,807 shares of the stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $12.06, for a total value of $82,092.42. Following the completion of the sale, the chief financial officer directly owned 93,193 shares of the company’s stock, valued at approximately $1,123,907.58. This trade represents a 6.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Everspin Tech Trading Down 1.1%

Everspin Tech stock traded down $0.13 during trading on Thursday, hitting $11.85. 642,166 shares of the company were exchanged, compared to its average volume of 697,113. The company has a market capitalization of $270.86 million, a P/E ratio of -395.00 and a beta of 0.80. The business’s 50 day moving average is $9.07 and its 200 day moving average is $8.15. Everspin Tech has a 52 week low of $4.34 and a 52 week high of $13.00.

Everspin Tech (NASDAQ:MRAM) last issued its quarterly earnings data on Wednesday, November 5th. The business services provider reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. The business had revenue of $14.06 million for the quarter, compared to analysts’ expectations of $14.00 million. Everspin Tech had a negative return on equity of 0.89% and a negative net margin of 1.06%.Everspin Tech has set its Q4 2025 guidance at 0.080-0.130 EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Herald Investment Management Ltd lifted its position in shares of Everspin Tech by 18.5% during the third quarter. Herald Investment Management Ltd now owns 800,000 shares of the business services provider’s stock worth $7,416,000 after acquiring an additional 125,000 shares in the last quarter. Marshall Wace LLP purchased a new stake in Everspin Tech during the 2nd quarter worth about $716,000. Arrowstreet Capital Limited Partnership boosted its stake in Everspin Tech by 426.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 137,687 shares of the business services provider’s stock worth $1,282,000 after purchasing an additional 111,542 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Everspin Tech in the 2nd quarter worth about $428,000. Finally, Two Sigma Investments LP grew its holdings in Everspin Tech by 63.9% during the 3rd quarter. Two Sigma Investments LP now owns 170,933 shares of the business services provider’s stock valued at $1,591,000 after buying an additional 66,623 shares in the last quarter. 44.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Needham & Company LLC upped their price objective on shares of Everspin Tech from $8.00 to $10.50 and gave the stock a “buy” rating in a research report on Monday, November 10th. Wall Street Zen upgraded Everspin Tech from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Everspin Tech in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $10.50.

About Everspin Tech

Everspin Technologies, Inc (NASDAQ: MRAM) is a semiconductor company specializing in the design, development and marketing of magnetoresistive random access memory (MRAM) solutions. Established in 2008 as a spin-out from Freescale Semiconductor, the company pioneered commercial MRAM products and continues to advance the technology through successive generations, including Toggle MRAM and spin-transfer torque (STT) MRAM. Everspin’s non-volatile memory devices offer a unique combination of performance, endurance and data retention for a variety of applications.

The company’s product portfolio includes discrete MRAM chips, embedded MRAM IP for integration into system-on-chip (SoC) designs and companion devices that leverage MRAM’s fast write speeds and low power consumption.