Everspin Technologies, Inc. (NASDAQ:MRAM) CEO Sanjeev Aggarwal Sells 35,142 Shares

Everspin Technologies, Inc. (NASDAQ:MRAM) CEO Sanjeev Aggarwal sold 35,142 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $5.37, for a total value of $188,712.54. Following the transaction, the chief executive officer now directly owns 654,828 shares in the company, valued at approximately $3,516,426.36. This 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 Price Performance

NASDAQ MRAM opened at $5.23 on Wednesday. Everspin Technologies, Inc. has a 52-week low of $4.89 and a 52-week high of $8.66. The business’s 50-day moving average price is $5.99 and its 200 day moving average price is $6.01. The firm has a market cap of $115.80 million, a P/E ratio of 87.17 and a beta of 0.79.

Everspin Technologies (NASDAQ:MRAM) last announced 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 net margin of 2.85% and a return on equity of 2.74%. The business had revenue of $13.20 million during the quarter, compared to analysts’ expectations of $12.50 million.

Institutional Investors Weigh In On Everspin Technologies

A number of institutional investors have recently added to or reduced their stakes in MRAM. Herald Investment Management Ltd lifted its position in shares of Everspin Technologies by 20.0% during the 4th quarter. Herald Investment Management Ltd now owns 600,000 shares of the business services provider’s stock valued at $3,822,000 after acquiring an additional 100,000 shares during the period. Geode Capital Management LLC lifted its position in shares of Everspin Technologies by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 428,480 shares of the business services provider’s stock valued at $2,739,000 after acquiring an additional 15,601 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Everspin Technologies by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 418,594 shares of the business services provider’s stock valued at $2,675,000 after acquiring an additional 16,032 shares during the period. State Street Corp lifted its position in shares of Everspin Technologies by 1.5% during the 3rd 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 during the period. Finally, Northern Trust Corp lifted its position in shares of 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 acquiring an additional 6,127 shares during the period. Hedge funds and other institutional investors own 44.68% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Everspin Technologies from a “buy” rating to a “hold” rating in a report 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.