Darin Billerbeck Sells 30,000 Shares of Everspin Tech (NASDAQ:MRAM) Stock

Everspin Tech (NASDAQ:MRAM) Director Darin Billerbeck sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $37.16, for a total transaction of $1,114,800.00. Following the completion of the sale, the director directly owned 124,073 shares of the company’s stock, valued at $4,610,552.68. The trade was a 19.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Everspin Tech Stock Performance

NASDAQ:MRAM traded down $2.55 during trading hours on Wednesday, hitting $41.46. The stock had a trading volume of 15,302,990 shares, compared to its average volume of 1,661,723. Everspin Tech has a one year low of $5.49 and a one year high of $51.50. The company has a market cap of $972.15 million, a price-to-earnings ratio of 4,150.15 and a beta of 1.75. The business’s 50 day moving average is $12.73 and its 200-day moving average is $11.19.

Everspin Tech (NASDAQ:MRAM) last issued its 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 firm had revenue of $14.87 million during the quarter, compared to the consensus estimate of $14.60 million. Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MRAM. Nano Cap New Millennium Growth Fund L P acquired a new position in Everspin Tech during the fourth quarter worth $2,204,000. Jane Street Group LLC boosted its holdings in Everspin Tech by 265.0% during the fourth quarter. Jane Street Group LLC now owns 183,966 shares of the business services provider’s stock worth $1,707,000 after purchasing an additional 133,560 shares during the last quarter. Herald Investment Management Ltd boosted its holdings in Everspin Tech by 18.5% during the third quarter. Herald Investment Management Ltd now owns 800,000 shares of the business services provider’s stock worth $7,416,000 after purchasing an additional 125,000 shares during the last quarter. Marshall Wace LLP acquired a new position in Everspin Tech during the second quarter worth $716,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Everspin Tech by 426.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 137,687 shares of the business services provider’s stock worth $1,282,000 after purchasing an additional 111,542 shares during the last quarter. Institutional investors and hedge funds own 44.68% of the company’s stock.

Analyst Upgrades and Downgrades

MRAM has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Everspin Tech in a research note on Friday, March 27th. Needham & Company LLC increased their price objective on shares of Everspin Tech from $14.00 to $18.50 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Wall Street Zen downgraded shares of Everspin Tech from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average 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.