Sanjeev Aggarwal Sells 28,459 Shares of Everspin Tech (NASDAQ:MRAM) Stock

Everspin Tech (NASDAQ:MRAM) CEO Sanjeev Aggarwal sold 28,459 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $19.58, for a total value of $557,227.22. Following the sale, the chief executive officer owned 819,422 shares in the company, valued at approximately $16,044,282.76. The trade was a 3.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Wednesday, April 1st, Sanjeev Aggarwal sold 19,440 shares of Everspin Tech stock. The shares were sold at an average price of $9.20, for a total value of $178,848.00.

Everspin Tech Price Performance

Everspin Tech stock traded up $0.31 during trading hours on Tuesday, hitting $19.06. 2,855,305 shares of the stock traded hands, compared to its average volume of 959,627. The firm’s 50 day moving average price is $10.59 and its 200-day moving average price is $10.42. The stock has a market capitalization of $447.00 million, a price-to-earnings ratio of 1,908.11 and a beta of 1.75. Everspin Tech has a 1 year low of $5.49 and a 1 year high of $22.69.

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

Institutional Trading of Everspin Tech

A number of hedge funds have recently modified their holdings of the stock. Fortitude Advisory Group L.L.C. purchased a new stake in shares of Everspin Tech in the first quarter worth about $99,000. XTX Topco Ltd purchased a new stake in shares of Everspin Tech in the fourth quarter worth about $322,000. Occudo Quantitative Strategies LP boosted its stake in shares of Everspin Tech by 130.0% in the fourth quarter. Occudo Quantitative Strategies LP now owns 24,053 shares of the business services provider’s stock worth $223,000 after buying an additional 13,594 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Everspin Tech in the fourth quarter worth about $155,000. Finally, 683 Capital Management LLC purchased a new stake in shares of Everspin Tech in the fourth quarter worth about $1,020,000. Hedge funds and other institutional investors own 44.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MRAM. Wall Street Zen downgraded Everspin Tech from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings restated a “sell (d+)” rating on shares of Everspin Tech in a research note on Friday, March 27th. Finally, Needham & Company LLC upped their target price on Everspin Tech from $14.00 to $18.50 and gave the stock a “buy” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $18.50.

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.