Everspin Technologies, Inc. (NASDAQ:MRAM) CEO Sells $188,712.54 in Stock

Everspin Technologies, Inc. (NASDAQ:MRAM) CEO Sanjeev Aggarwal sold 35,142 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $5.37, for a total transaction of $188,712.54. Following the transaction, the chief executive officer now owns 654,828 shares in the company, valued at $3,516,426.36. This trade represents a 5.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Everspin Technologies Stock Performance

Shares of MRAM stock remained flat at $5.23 on Tuesday. The company had a trading volume of 171,328 shares, compared to its average volume of 120,520. Everspin Technologies, Inc. has a 12-month low of $4.89 and a 12-month high of $8.66. The business has a 50 day moving average price of $6.01 and a 200 day moving average price of $6.01. The company has a market capitalization of $115.80 million, a P/E ratio of 87.17 and a beta of 0.79.

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

Analyst Ratings Changes

Separately, StockNews.com downgraded Everspin Technologies from a “buy” rating to a “hold” rating in a research report on Friday, February 28th.

Institutional Investors Weigh In On Everspin Technologies

Several institutional investors have recently bought and sold shares of MRAM. Barclays PLC increased its position in shares of Everspin Technologies by 157.9% during the third quarter. Barclays PLC now owns 52,654 shares of the business services provider’s stock worth $310,000 after purchasing an additional 32,240 shares in the last quarter. Jane Street Group LLC purchased a new position in Everspin Technologies during the 3rd quarter worth $82,000. Geode Capital Management LLC grew its stake in Everspin Technologies by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 412,879 shares of the business services provider’s stock worth $2,437,000 after buying an additional 1,941 shares during the last quarter. JPMorgan Chase & Co. increased its position in Everspin Technologies by 49.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 58,668 shares of the business services provider’s stock valued at $346,000 after buying an additional 19,367 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Everspin Technologies by 1.5% in the third quarter. State Street Corp now owns 219,393 shares of the business services provider’s stock worth $1,294,000 after buying an additional 3,298 shares during the last quarter. 44.68% of the stock is currently owned by institutional investors and hedge funds.

About Everspin Technologies

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.