David Schrenk Sells 2,381 Shares of Everspin Technologies, Inc. (NASDAQ:MRAM) Stock

Everspin Technologies, Inc. (NASDAQ:MRAM) VP David Schrenk sold 2,381 shares of Everspin Technologies stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $6.08, for a total value of $14,476.48. Following the sale, the vice president now owns 94,028 shares of the company’s stock, valued at approximately $571,690.24. This represents a 2.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

David Schrenk also recently made the following trade(s):

• On Wednesday, September 18th, David Schrenk sold 2,412 shares of Everspin Technologies stock. The shares were sold at an average price of $5.23, for a total value of $12,614.76.

Everspin Technologies Stock Down 0.6 %

Shares of Everspin Technologies stock opened at $6.13 on Thursday. The stock has a market capitalization of $134.68 million, a P/E ratio of 102.17 and a beta of 0.90. The stock has a 50 day moving average price of $6.11 and a two-hundred day moving average price of $5.95. Everspin Technologies, Inc. has a 12-month low of $4.89 and a 12-month high of $9.43.

Institutional Investors Weigh In On Everspin Technologies

Large investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC boosted its position in Everspin Technologies by 17.0% during the second quarter. Acadian Asset Management LLC now owns 835,824 shares of the business services provider’s stock worth $5,003,000 after purchasing an additional 121,717 shares during the period. Herald Investment Management Ltd boosted its position in shares of Everspin Technologies by 41.7% in the second quarter. Herald Investment Management Ltd now owns 474,817 shares of the business services provider’s stock valued at $2,835,000 after acquiring an additional 139,817 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Everspin Technologies by 75.9% in the second quarter. Bank of New York Mellon Corp now owns 113,655 shares of the business services provider’s stock valued at $681,000 after acquiring an additional 49,032 shares during the period. Vanguard Group Inc. boosted its position in shares of Everspin Technologies by 3.0% in the first quarter. Vanguard Group Inc. now owns 776,934 shares of the business services provider’s stock valued at $6,153,000 after acquiring an additional 22,657 shares during the period. Finally, Rhumbline Advisers bought a new stake in shares of Everspin Technologies in the second quarter valued at approximately $129,000. Institutional investors own 44.68% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MRAM. StockNews.com upgraded Everspin Technologies from a “hold” rating to a “buy” rating in a report on Wednesday. Needham & Company LLC reiterated a “buy” rating and set a $8.00 price target on shares of Everspin Technologies in a report on Thursday, October 31st.

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.