Everspin Technologies, Inc. (NASDAQ:MRAM) CEO Sells $84,225.00 in Stock

Everspin Technologies, Inc. (NASDAQ:MRAM) CEO Sanjeev Aggarwal sold 16,845 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $5.00, for a total value of $84,225.00. Following the completion of the transaction, the chief executive officer now directly owns 637,983 shares in the company, valued at approximately $3,189,915. This represents a 2.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, March 7th, Sanjeev Aggarwal sold 35,142 shares of Everspin Technologies stock. The stock was sold at an average price of $5.37, for a total value of $188,712.54.

Everspin Technologies Price Performance

Everspin Technologies stock traded down $0.31 during trading hours on Thursday, reaching $4.76. The company had a trading volume of 201,193 shares, compared to its average volume of 121,188. The firm has a market cap of $105.39 million, a price-to-earnings ratio of 79.33 and a beta of 0.79. Everspin Technologies, Inc. has a 12-month low of $4.75 and a 12-month high of $8.09. The company has a 50-day moving average price of $5.60 and a 200 day moving average price of $5.98.

Everspin Technologies (NASDAQ:MRAM) last posted its quarterly earnings results on Wednesday, February 26th. The business services provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $13.20 million for the quarter, compared to the consensus estimate of $12.50 million. Everspin Technologies had a net margin of 2.85% and a return on equity of 2.74%.

Institutional Trading of Everspin Technologies

Institutional investors have recently modified their holdings of the company. Herald Investment Management Ltd grew its position in shares of Everspin Technologies by 20.0% in the 4th quarter. Herald Investment Management Ltd now owns 600,000 shares of the business services provider’s stock worth $3,822,000 after buying an additional 100,000 shares during the last quarter. Geode Capital Management LLC lifted its stake in Everspin Technologies by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 428,480 shares of the business services provider’s stock worth $2,739,000 after acquiring an additional 15,601 shares during the period. Dimensional Fund Advisors LP lifted its stake in Everspin Technologies by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 418,594 shares of the business services provider’s stock worth $2,675,000 after acquiring an additional 16,032 shares during the period. State Street Corp boosted its holdings in Everspin Technologies by 1.5% in the third quarter. State Street Corp now owns 219,393 shares of the business services provider’s stock valued at $1,294,000 after acquiring an additional 3,298 shares in the last quarter. Finally, Northern Trust Corp increased its position in Everspin Technologies by 4.0% during the 4th quarter. Northern Trust Corp now owns 157,460 shares of the business services provider’s stock valued at $1,006,000 after purchasing an additional 6,127 shares during the period. 44.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Everspin Technologies from a “buy” rating to a “hold” rating in a research note on Friday, February 28th.

Everspin Technologies Company Profile

Everspin Technologies, Inc engages in the manufacture and sale of magnetoresistive random access memory (MRAM) products in the United States, Japan, Hong Kong, Germany, Singapore, China, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for MRAM products.