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

Everspin Tech (NASDAQ:MRAM) CEO Sanjeev Aggarwal sold 19,440 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $9.20, for a total transaction of $178,848.00. Following the transaction, the chief executive officer directly owned 847,881 shares of the company’s stock, valued at $7,800,505.20. This represents a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Everspin Tech Stock Performance

MRAM traded up $0.28 during trading on Thursday, reaching $9.48. The company’s stock had a trading volume of 287,861 shares, compared to its average volume of 723,626. The company’s fifty day moving average price is $10.64 and its 200-day moving average price is $10.06. Everspin Tech has a 52-week low of $4.34 and a 52-week high of $17.24. The company has a market capitalization of $219.18 million, a price-to-earnings ratio of -316.00 and a beta of 0.94.

Everspin Tech (NASDAQ:MRAM) last issued its earnings results on Wednesday, March 4th. The business services provider reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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.

Institutional Investors Weigh In On Everspin Tech

A number of institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in Everspin Tech in the 2nd quarter valued at approximately $25,000. Kestra Advisory Services LLC purchased a new stake in Everspin Tech during the fourth quarter worth $41,000. State Street Corp grew its holdings in Everspin Tech by 5.7% in the fourth quarter. State Street Corp now owns 85,288 shares of the business services provider’s stock valued at $791,000 after purchasing an additional 4,600 shares during the last quarter. Bank of America Corp DE grew its holdings in Everspin Tech by 28.6% in the second quarter. Bank of America Corp DE now owns 27,150 shares of the business services provider’s stock valued at $171,000 after purchasing an additional 6,041 shares during the last quarter. Finally, Geode Capital Management LLC increased its position 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 valued at $2,054,000 after buying an additional 8,618 shares in the last quarter. Institutional investors and hedge funds own 44.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MRAM shares. Wall Street Zen downgraded Everspin Tech from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Needham & Company LLC lowered their price target on shares of Everspin Tech from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Everspin Tech in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Everspin Tech currently has a consensus rating of “Hold” and a consensus target price of $14.00.

Everspin Tech Company Profile

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.