Everspin Tech (NASDAQ:MRAM) CFO William Earl Cooper Sells 1,549 Shares of Stock

Everspin Tech (NASDAQ:MRAM) CFO William Earl Cooper sold 1,549 shares of Everspin Tech stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $9.20, for a total transaction of $14,250.80. Following the sale, the chief financial officer owned 172,030 shares of the company’s stock, valued at approximately $1,582,676. This represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

William Earl Cooper also recently made the following trade(s):

• On Wednesday, January 7th, William Earl Cooper sold 6,807 shares of Everspin Tech stock. The stock was sold at an average price of $12.06, for a total transaction of $82,092.42.

Everspin Tech Stock Performance

NASDAQ:MRAM opened at $9.48 on Friday. Everspin Tech has a fifty-two week low of $4.34 and a fifty-two week high of $17.24. The company has a 50 day moving average price of $10.52 and a 200 day moving average price of $10.06. The stock has a market capitalization of $219.18 million, a P/E ratio of -316.00 and a beta of 0.94.

Everspin Tech (NASDAQ:MRAM) last released its quarterly earnings results on Wednesday, March 4th. The business services provider reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Everspin Tech had a negative return on equity of 0.90% and a negative net margin of 1.06%.The company had revenue of $14.80 million for the quarter, compared to analysts’ expectations of $14.45 million. Everspin Tech has set its Q1 2026 guidance at 0.070-0.120 EPS.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MRAM. Weiss Ratings restated a “sell (d+)” rating on shares of Everspin Tech in a report on Friday, March 27th. Needham & Company LLC decreased their price target on shares of Everspin Tech from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. Finally, Wall Street Zen downgraded shares of Everspin Tech from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $14.00.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Rhumbline Advisers lifted its position in Everspin Tech by 55.1% in the first quarter. Rhumbline Advisers now owns 36,835 shares of the business services provider’s stock valued at $188,000 after acquiring an additional 13,086 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Everspin Tech during the second quarter worth about $164,000. Marshall Wace LLP acquired a new stake in shares of Everspin Tech during the second quarter worth about $716,000. Jump Financial LLC purchased a new stake in shares of Everspin Tech in the 2nd quarter valued at about $159,000. Finally, Qube Research & Technologies Ltd grew its stake in Everspin Tech by 41.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 103,300 shares of the business services provider’s stock worth $650,000 after buying an additional 30,244 shares during the last quarter. 44.68% of the stock is owned by hedge funds and other institutional investors.

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.