Everspin Technologies, Inc. (NASDAQ:MRAM) CEO Sanjeev Aggarwal Sells 16,845 Shares

Everspin Technologies, Inc. (NASDAQ:MRAM) CEO Sanjeev Aggarwal sold 16,845 shares of the business’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $5.00, for a total value of $84,225.00. Following the transaction, the chief executive officer now directly owns 637,983 shares in the company, valued at $3,189,915. This trade represents a 2.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Sanjeev Aggarwal also recently made the following trade(s):

• On Friday, March 7th, Sanjeev Aggarwal sold 35,142 shares of Everspin Technologies stock. The stock was sold at an average price of $5.37, for a total value of $188,712.54.

Everspin Technologies Stock Performance

MRAM opened at $4.76 on Friday. The business’s 50 day moving average price is $5.56 and its 200 day moving average price is $5.97. The stock has a market capitalization of $105.39 million, a PE ratio of 79.33 and a beta of 0.79. Everspin Technologies, Inc. has a one year low of $4.74 and a one year high of $8.09.

Everspin Technologies (NASDAQ:MRAM) last released its quarterly earnings results 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 business had revenue of $13.20 million for the quarter, compared to analysts’ expectations of $12.50 million.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN boosted its holdings in Everspin Technologies by 42.3% during the 4th quarter. Wells Fargo & Company MN now owns 10,635 shares of the business services provider’s stock valued at $68,000 after acquiring an additional 3,159 shares during the period. Wolverine Trading LLC acquired a new stake in shares of Everspin Technologies during the fourth quarter worth about $71,000. Virtu Financial LLC purchased a new position in shares of Everspin Technologies in the fourth quarter valued at approximately $75,000. Jane Street Group LLC acquired a new position in shares of Everspin Technologies in the third quarter valued at approximately $82,000. Finally, Occudo Quantitative Strategies LP purchased a new stake in Everspin Technologies during the 4th quarter worth approximately $97,000. 44.68% of the stock is currently owned by hedge funds and other institutional investors.

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.