Everspin Technologies, Inc. (NASDAQ:MRAM) Shares Sold by Truvestments Capital LLC

Truvestments Capital LLC lessened its holdings in Everspin Technologies, Inc. (NASDAQ:MRAM) by 60.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,847 shares of the business services provider’s stock after selling 26,019 shares during the quarter. Truvestments Capital LLC’s holdings in Everspin Technologies were worth $133,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Acadian Asset Management LLC increased its stake in Everspin Technologies by 19.5% during the 1st quarter. Acadian Asset Management LLC now owns 714,107 shares of the business services provider’s stock valued at $5,652,000 after purchasing an additional 116,591 shares in the last quarter. Oppenheimer & Close LLC purchased a new stake in Everspin Technologies in the first quarter valued at approximately $491,000. Hillsdale Investment Management Inc. increased its holdings in Everspin Technologies by 28.9% in the 4th quarter. Hillsdale Investment Management Inc. now owns 222,402 shares of the business services provider’s stock worth $2,011,000 after buying an additional 49,899 shares during the period. Vanguard Group Inc. raised its position in Everspin Technologies by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 776,934 shares of the business services provider’s stock worth $6,153,000 after buying an additional 22,657 shares during the last quarter. Finally, Trexquant Investment LP purchased a new stake in shares of Everspin Technologies in the 4th quarter valued at $171,000. Institutional investors and hedge funds own 44.68% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Needham & Company LLC decreased their target price on shares of Everspin Technologies from $12.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. StockNews.com lowered Everspin Technologies from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Craig Hallum lowered their price target on shares of Everspin Technologies from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd.

Everspin Technologies Trading Down 1.6 %

NASDAQ:MRAM traded down $0.10 during trading hours on Friday, reaching $6.25. 110,756 shares of the company were exchanged, compared to its average volume of 234,448. The stock’s 50-day moving average is $6.13 and its 200-day moving average is $7.33. Everspin Technologies, Inc. has a twelve month low of $5.54 and a twelve month high of $10.50. The firm has a market cap of $134.51 million, a PE ratio of 16.89 and a beta of 0.91.

Everspin Technologies (NASDAQ:MRAM) last posted its quarterly earnings data on Wednesday, May 1st. The business services provider reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.04). The firm had revenue of $14.43 million for the quarter. Everspin Technologies had a return on equity of 15.70% and a net margin of 12.77%. During the same period in the prior year, the business posted $0.04 EPS.

Insider Buying and Selling at Everspin Technologies

In other news, CEO Sanjeev Aggarwal sold 17,631 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $6.01, for a total value of $105,962.31. Following the completion of the sale, the chief executive officer now directly owns 459,048 shares in the company, valued at $2,758,878.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Everspin Technologies news, CFO Anuj Aggarwal sold 12,984 shares of Everspin Technologies stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $6.01, for a total transaction of $78,033.84. Following the transaction, the chief financial officer now directly owns 276,940 shares of the company’s stock, valued at $1,664,409.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sanjeev Aggarwal sold 17,631 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $6.01, for a total transaction of $105,962.31. Following the completion of the transaction, the chief executive officer now owns 459,048 shares in the company, valued at $2,758,878.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,424 shares of company stock worth $207,009. Corporate insiders own 6.10% of the company’s stock.

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.