Everspin Tech (NASDAQ:MRAM) CEO Sells $689,970.90 in Stock

Everspin Tech (NASDAQ:MRAM) CEO Sanjeev Aggarwal sold 30,885 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $22.34, for a total transaction of $689,970.90. Following the transaction, the chief executive officer owned 839,561 shares of the company’s stock, valued at approximately $18,755,792.74. The trade was a 3.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Monday, May 4th, Sanjeev Aggarwal sold 28,459 shares of Everspin Tech stock. The stock was sold at an average price of $19.58, for a total transaction of $557,227.22.

Everspin Tech Stock Down 1.6%

MRAM opened at $17.39 on Thursday. Everspin Tech has a twelve month low of $5.76 and a twelve month high of $51.50. The company’s 50-day moving average price is $26.40 and its two-hundred day moving average price is $16.36. The stock has a market cap of $407.80 million, a price-to-earnings ratio of 1,740.74 and a beta of 1.88.

Everspin Tech (NASDAQ:MRAM) last issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported $0.11 earnings per share (EPS) for the quarter. The company had revenue of $14.87 million during the quarter, compared to analyst estimates of $14.60 million. Everspin Tech had a net margin of 0.50% and a return on equity of 4.78%. Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.

Analyst Ratings Changes

A number of brokerages have recently commented on MRAM. Needham & Company LLC upped their price target on Everspin Tech from $14.00 to $18.50 and gave the company a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of Everspin Tech in a report on Wednesday, June 24th. 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.com, Everspin Tech has a consensus rating of “Hold” and an average target price of $18.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in Everspin Tech by 13.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 409,010 shares of the business services provider’s stock valued at $3,594,000 after acquiring an additional 46,929 shares during the period. Renaissance Technologies LLC lifted its position in shares of Everspin Tech by 27.9% during the first quarter. Renaissance Technologies LLC now owns 334,367 shares of the business services provider’s stock worth $2,939,000 after acquiring an additional 73,000 shares in the last quarter. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Everspin Tech in the fourth quarter worth $2,204,000. Geode Capital Management LLC boosted its holdings in shares of Everspin Tech by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 221,189 shares of the business services provider’s stock worth $2,054,000 after acquiring an additional 8,618 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Everspin Tech by 783.4% during the 1st quarter. Bank of America Corp DE now owns 219,460 shares of the business services provider’s stock valued at $1,929,000 after purchasing an additional 194,617 shares during the period. 44.68% of the stock is owned by institutional investors.

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.