Everspin Technologies, Inc. (NASDAQ:MRAM) VP David Schrenk Sells 2,381 Shares

Everspin Technologies, Inc. (NASDAQ:MRAM) VP David Schrenk sold 2,381 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $6.23, for a total transaction of $14,833.63. Following the completion of the transaction, the vice president now owns 91,647 shares of the company’s stock, valued at $570,960.81. This represents a 2.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

David Schrenk also recently made the following trade(s):

• On Friday, November 29th, David Schrenk sold 2,381 shares of Everspin Technologies stock. The stock was sold at an average price of $6.08, for a total value of $14,476.48.

Everspin Technologies Stock Performance

Shares of MRAM opened at $6.36 on Friday. Everspin Technologies, Inc. has a fifty-two week low of $4.89 and a fifty-two week high of $9.43. The firm has a 50-day simple moving average of $6.20 and a 200-day simple moving average of $5.98. The company has a market capitalization of $139.74 million, a price-to-earnings ratio of 106.00 and a beta of 0.90.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $8.00 price target on shares of Everspin Technologies in a research note on Thursday, October 31st. StockNews.com upgraded shares of Everspin Technologies from a “hold” rating to a “buy” rating in a research report on Friday.

Institutional Trading of Everspin Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Herald Investment Management Ltd increased its holdings in shares of Everspin Technologies by 41.7% in the second quarter. Herald Investment Management Ltd now owns 474,817 shares of the business services provider’s stock valued at $2,835,000 after purchasing an additional 139,817 shares during the period. Acadian Asset Management LLC increased its stake in Everspin Technologies by 17.0% in the 2nd quarter. Acadian Asset Management LLC now owns 835,824 shares of the business services provider’s stock valued at $5,003,000 after buying an additional 121,717 shares during the period. Dimensional Fund Advisors LP raised its position in Everspin Technologies by 15.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 407,444 shares of the business services provider’s stock worth $2,440,000 after buying an additional 55,772 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Everspin Technologies by 75.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 113,655 shares of the business services provider’s stock worth $681,000 after acquiring an additional 49,032 shares during the period. Finally, Barclays PLC boosted its holdings in shares of Everspin Technologies by 157.9% in the third quarter. Barclays PLC now owns 52,654 shares of the business services provider’s stock valued at $310,000 after acquiring an additional 32,240 shares in the last quarter. 44.68% of the stock is owned by hedge funds and other institutional investors.

Everspin Technologies Company 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.