Everspin Tech (NASDAQ:MRAM - Get Free Report) CEO Sanjeev Aggarwal sold 28,459 shares of the business's stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $19.58, for a total transaction of $557,227.22. Following the sale, the chief executive officer directly owned 819,422 shares in the company, valued at approximately $16,044,282.76. This represents a 3.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Sanjeev Aggarwal also recently made the following trade(s):
- On Wednesday, April 1st, Sanjeev Aggarwal sold 19,440 shares of Everspin Tech stock. The shares were sold at an average price of $9.20, for a total transaction of $178,848.00.
Everspin Tech Trading Up 1.7%
Shares of Everspin Tech stock opened at $19.06 on Wednesday. The company has a 50-day moving average of $10.76 and a two-hundred day moving average of $10.47. Everspin Tech has a 12-month low of $5.49 and a 12-month high of $22.69. The stock has a market cap of $447.00 million, a PE ratio of 1,908.11 and a beta of 1.75.
Everspin Tech (NASDAQ:MRAM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported $0.11 EPS for the quarter. The business had revenue of $14.87 million for the quarter, compared to analyst estimates of $14.60 million. Everspin Tech had a return on equity of 4.78% and a net margin of 0.50%.Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on MRAM shares. Needham & Company LLC upped their target price on Everspin Tech from $14.00 to $18.50 and gave the company a "buy" rating in a report on Thursday, April 30th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Everspin Tech in a research note on Friday, March 27th. Finally, Wall Street Zen lowered shares of Everspin Tech from a "buy" rating to a "hold" rating in a research report on Saturday, February 7th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $18.50.
View Our Latest Report on Everspin Tech
Institutional Investors Weigh In On Everspin Tech
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in Everspin Tech during the second quarter worth $25,000. Kestra Advisory Services LLC purchased a new stake in shares of Everspin Tech in the fourth quarter valued at $41,000. Occudo Quantitative Strategies LP purchased a new stake in shares of Everspin Tech in the second quarter valued at $70,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Everspin Tech during the third quarter valued at $82,000. Finally, Fortitude Advisory Group L.L.C. acquired a new stake in shares of Everspin Tech during the first quarter valued at $99,000. Hedge funds and other institutional investors own 44.68% of the company's stock.
Everspin Tech Company Profile
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Get Free Report)
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.
Further Reading
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