Everspin Tech (NASDAQ:MRAM) CEO Sells $178,848.00 in Stock

Everspin Tech (NASDAQ:MRAM) CEO Sanjeev Aggarwal sold 19,440 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $9.20, for a total value of $178,848.00. Following the completion of the sale, the chief executive officer directly owned 847,881 shares of the company’s stock, valued at approximately $7,800,505.20. This trade represents a 2.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Everspin Tech Stock Up 3.0%

MRAM traded up $0.28 during trading on Thursday, hitting $9.48. 287,861 shares of the stock were exchanged, compared to its average volume of 723,626. The firm has a market capitalization of $219.18 million, a P/E ratio of -316.00 and a beta of 0.94. Everspin Tech has a 1-year low of $4.34 and a 1-year high of $17.24. The stock has a fifty day moving average price of $10.64 and a two-hundred day moving average price of $10.06.

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

Wall Street Analyst Weigh In

MRAM has been the topic of several research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Everspin Tech in a research report on Friday, March 27th. Needham & Company LLC decreased their target price on shares of Everspin Tech from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Finally, Wall Street Zen lowered Everspin Tech from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Everspin Tech currently has a consensus rating of “Hold” and a consensus price target of $14.00.

Institutional Investors Weigh In On Everspin Tech

Several hedge funds have recently modified their holdings of the stock. Rhumbline Advisers grew its position in Everspin Tech by 55.1% in the 1st quarter. Rhumbline Advisers now owns 36,835 shares of the business services provider’s stock valued at $188,000 after buying an additional 13,086 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Everspin Tech during the 2nd quarter worth $164,000. Marshall Wace LLP purchased a new position in Everspin Tech during the 2nd quarter worth $716,000. Jump Financial LLC acquired a new stake in shares of Everspin Tech in the 2nd quarter worth $159,000. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of Everspin Tech by 41.4% in the second quarter. Qube Research & Technologies Ltd now owns 103,300 shares of the business services provider’s stock valued at $650,000 after acquiring an additional 30,244 shares in the last quarter. 44.68% of the stock is owned by institutional investors and hedge funds.

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.