Total Clarity Wealth Management Inc. Has $517,000 Stock Position in Everspin Technologies, Inc. (NASDAQ:MRAM)

Total Clarity Wealth Management Inc. boosted its stake in shares of Everspin Technologies, Inc. (NASDAQ:MRAM) by 11.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 86,359 shares of the business services provider’s stock after buying an additional 8,767 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Everspin Technologies were worth $517,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Principal Securities Inc. purchased a new stake in shares of Everspin Technologies in the fourth quarter valued at $32,000. Rhumbline Advisers acquired a new position in Everspin Technologies during the second quarter valued at $129,000. Trexquant Investment LP purchased a new stake in Everspin Technologies in the 4th quarter worth about $171,000. Victory Capital Management Inc. boosted its position in Everspin Technologies by 70.4% during the 4th quarter. Victory Capital Management Inc. now owns 25,535 shares of the business services provider’s stock worth $231,000 after acquiring an additional 10,547 shares during the period. Finally, Jump Financial LLC grew its stake in Everspin Technologies by 55.9% during the 4th quarter. Jump Financial LLC now owns 28,899 shares of the business services provider’s stock valued at $261,000 after acquiring an additional 10,357 shares in the last quarter. 44.68% of the stock is owned by hedge funds and other institutional investors.

Everspin Technologies Price Performance

Shares of MRAM stock opened at $5.38 on Tuesday. Everspin Technologies, Inc. has a fifty-two week low of $4.89 and a fifty-two week high of $10.50. The stock’s 50-day moving average is $5.77 and its two-hundred day moving average is $6.52. The firm has a market cap of $115.78 million, a P/E ratio of 14.54 and a beta of 0.90.

Everspin Technologies (NASDAQ:MRAM) last released its quarterly earnings data on Wednesday, July 31st. The business services provider reported ($0.12) EPS for the quarter, hitting analysts’ consensus estimates of ($0.12). The firm had revenue of $10.64 million for the quarter. Everspin Technologies had a return on equity of 3.16% and a net margin of 2.92%.

Insider Activity at Everspin Technologies

In other Everspin Technologies news, CEO Sanjeev Aggarwal sold 17,631 shares of the stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $6.01, for a total transaction of $105,962.31. Following the transaction, the chief executive officer now directly owns 459,048 shares of the company’s stock, valued at $2,758,878.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Everspin Technologies news, CEO Sanjeev Aggarwal sold 17,631 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $6.01, for a total transaction of $105,962.31. Following the completion of the sale, the chief executive officer now owns 459,048 shares of the company’s stock, valued at $2,758,878.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Anuj Aggarwal sold 12,984 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $6.01, for a total value of $78,033.84. Following the transaction, the chief financial officer now owns 276,940 shares in the company, valued at approximately $1,664,409.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,321 shares of company stock valued at $204,488. Insiders own 6.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MRAM. StockNews.com lowered shares of Everspin Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Needham & Company LLC reiterated a “buy” rating and issued a $8.00 target price on shares of Everspin Technologies in a research report on Thursday, August 1st.

Everspin Technologies Profile

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.