Everspin Tech (NASDAQ:MRAM) CEO Sanjeev Aggarwal Sells 30,885 Shares

Everspin Tech (NASDAQ:MRAM) CEO Sanjeev Aggarwal sold 30,885 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $22.34, for a total value of $689,970.90. Following the completion of the transaction, the chief executive officer owned 839,561 shares in the company, valued at approximately $18,755,792.74. This represents a 3.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 value of $557,227.22.

Everspin Tech Stock Performance

Everspin Tech stock traded up $0.48 during trading hours on Monday, reaching $19.62. 933,160 shares of the company’s stock traded hands, compared to its average volume of 2,103,095. Everspin Tech has a fifty-two week low of $5.76 and a fifty-two week high of $51.50. The firm has a market capitalization of $460.09 million, a price-to-earnings ratio of 1,963.96 and a beta of 1.88. The firm’s 50 day moving average is $26.11 and its 200-day moving average is $16.16.

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

Institutional Investors Weigh In On Everspin Tech

Several large investors have recently modified their holdings of the business. 683 Capital Management LLC bought a new position in shares of Everspin Tech during the 4th quarter valued at about $1,020,000. Nano Cap New Millennium Growth Fund L P bought a new position in Everspin Tech in the fourth quarter valued at approximately $2,204,000. State Street Corp boosted its holdings in shares of 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 buying an additional 4,600 shares during the period. Qube Research & Technologies Ltd increased its position in shares of Everspin Tech by 41.4% during the second quarter. Qube Research & Technologies Ltd now owns 103,300 shares of the business services provider’s stock worth $650,000 after acquiring an additional 30,244 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in shares of Everspin Tech during the fourth quarter worth $156,000. 44.68% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Everspin Tech in a research note on Wednesday, June 24th. 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 note on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Everspin Tech currently has a consensus rating of “Hold” and a consensus price target of $18.50.

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.