Everspin Technologies, Inc. (NASDAQ:MRAM) CEO Sells $84,225.00 in Stock

Everspin Technologies, Inc. (NASDAQ:MRAM) CEO Sanjeev Aggarwal sold 16,845 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $5.00, for a total value of $84,225.00. Following the completion of the transaction, the chief executive officer now directly owns 637,983 shares of the company’s stock, valued at $3,189,915. This trade represents a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Sanjeev Aggarwal also recently made the following trade(s):

• On Friday, March 7th, Sanjeev Aggarwal sold 35,142 shares of Everspin Technologies stock. The stock was sold at an average price of $5.37, for a total value of $188,712.54.

Everspin Technologies Price Performance

Shares of NASDAQ:MRAM opened at $4.56 on Friday. The stock’s 50 day moving average price is $5.53 and its 200 day moving average price is $5.97. The stock has a market cap of $100.96 million, a price-to-earnings ratio of 76.00 and a beta of 0.79. Everspin Technologies, Inc. has a 12 month low of $4.48 and a 12 month high of $8.06.

Everspin Technologies (NASDAQ:MRAM) last announced its quarterly earnings data on Wednesday, February 26th. The business services provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $13.20 million during the quarter, compared to analyst estimates of $12.50 million. Everspin Technologies had a net margin of 2.85% and a return on equity of 2.74%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Everspin Technologies from a “buy” rating to a “hold” rating in a research note on Friday, February 28th.

Hedge Funds Weigh In On Everspin Technologies

Several large investors have recently made changes to their positions in the business. Barclays PLC raised its holdings in shares of Everspin Technologies by 157.9% in the 3rd quarter. Barclays PLC now owns 52,654 shares of the business services provider’s stock worth $310,000 after purchasing an additional 32,240 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Everspin Technologies in the third quarter valued at $82,000. Geode Capital Management LLC lifted its position in shares of Everspin Technologies by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 412,879 shares of the business services provider’s stock valued at $2,437,000 after acquiring an additional 1,941 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Everspin Technologies by 49.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 58,668 shares of the business services provider’s stock worth $346,000 after acquiring an additional 19,367 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Everspin Technologies by 1.5% during the 3rd quarter. State Street Corp now owns 219,393 shares of the business services provider’s stock worth $1,294,000 after acquiring an additional 3,298 shares in the last quarter. Institutional investors own 44.68% of the company’s stock.

About Everspin Technologies

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.