Key Points
- Everspin Tech CFO William Earl Cooper sold 10,000 shares on May 20 at an average price of $29.13, generating about $291,300. After the sale, he still held 151,030 shares valued at roughly $4.4 million.
- The CFO has been actively trimming his stake, with additional recent sales of 11,000 shares on May 6 and 1,549 shares on April 1.
- Everspin Tech reported mixed financial and market signals: it beat Q1 revenue estimates slightly, but analysts remain split overall with a consensus rating of “Hold” and an average price target of $18.50.
Everspin Tech (NASDAQ:MRAM - Get Free Report) CFO William Earl Cooper sold 10,000 shares of Everspin Tech stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $29.13, for a total transaction of $291,300.00. Following the transaction, the chief financial officer directly owned 151,030 shares in the company, valued at $4,399,503.90. This represents a 6.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
William Earl Cooper also recently made the following trade(s):
- On Wednesday, May 6th, William Earl Cooper sold 11,000 shares of Everspin Tech stock. The shares were sold at an average price of $21.75, for a total transaction of $239,250.00.
- On Wednesday, April 1st, William Earl Cooper sold 1,549 shares of Everspin Tech stock. The shares were sold at an average price of $9.20, for a total value of $14,250.80.
Everspin Tech Price Performance
Shares of Everspin Tech stock opened at $32.45 on Friday. The firm has a market cap of $760.95 million, a PE ratio of 3,248.25 and a beta of 1.75. Everspin Tech has a 1 year low of $5.49 and a 1 year high of $51.50. The stock has a fifty day moving average price of $16.27 and a 200-day moving average price of $12.40.
Everspin Tech (NASDAQ:MRAM - Get Free Report) last released its earnings results on Wednesday, April 29th. The business services provider reported $0.11 earnings per share for the quarter. Everspin Tech had a net margin of 0.50% and a return on equity of 4.78%. The firm had revenue of $14.87 million for the quarter, compared to analysts' expectations of $14.60 million. Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on MRAM shares. Weiss Ratings reiterated a "sell (d+)" rating on shares of Everspin Tech in a research report on Friday, March 27th. Needham & Company LLC raised their price target on Everspin Tech from $14.00 to $18.50 and gave the company a "buy" rating in a report on Thursday, April 30th. Finally, Wall Street Zen downgraded Everspin Tech from a "buy" rating to a "hold" rating in a research report on Saturday, February 7th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $18.50.
Get Our Latest Research Report on Everspin Tech
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Nano Cap New Millennium Growth Fund L P purchased a new stake in Everspin Tech during the fourth quarter valued at about $2,204,000. Bank of America Corp DE boosted its holdings in shares of Everspin Tech by 783.4% in the 1st quarter. Bank of America Corp DE now owns 219,460 shares of the business services provider's stock worth $1,929,000 after purchasing an additional 194,617 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Everspin Tech by 265.0% in the 4th quarter. Jane Street Group LLC now owns 183,966 shares of the business services provider's stock worth $1,707,000 after purchasing an additional 133,560 shares in the last quarter. Herald Investment Management Ltd increased its position in shares of Everspin Tech by 18.5% during the 3rd quarter. Herald Investment Management Ltd now owns 800,000 shares of the business services provider's stock valued at $7,416,000 after purchasing an additional 125,000 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Everspin Tech during the 2nd quarter valued at about $716,000. 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.
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