Everspin Tech (NASDAQ:MRAM) CFO Sells $239,250.00 in Stock

Everspin Tech (NASDAQ:MRAM) CFO William Earl Cooper sold 11,000 shares of Everspin Tech stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $21.75, for a total value of $239,250.00. Following the sale, the chief financial officer directly owned 161,030 shares of the company’s stock, valued at approximately $3,502,402.50. The trade was a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

William Earl Cooper also recently made the following trade(s):

• 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

MRAM stock opened at $26.99 on Friday. The stock has a market capitalization of $632.92 million, a price-to-earnings ratio of 2,701.70 and a beta of 1.75. The business’s fifty day moving average price is $11.18 and its two-hundred day moving average price is $10.63. Everspin Tech has a fifty-two week low of $5.49 and a fifty-two week high of $27.63.

Everspin Tech (NASDAQ:MRAM) last announced its earnings results on Wednesday, April 29th. The business services provider reported $0.11 earnings per share (EPS) for the quarter. Everspin Tech had a net margin of 0.50% and a return on equity of 4.78%. The company had revenue of $14.87 million during the quarter, compared to analysts’ expectations of $14.60 million. Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MRAM. Herald Investment Management Ltd lifted its position in Everspin Tech by 18.5% during the third quarter. Herald Investment Management Ltd now owns 800,000 shares of the business services provider’s stock worth $7,416,000 after purchasing an additional 125,000 shares during the period. Dimensional Fund Advisors LP increased its holdings in Everspin Tech by 13.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 409,010 shares of the business services provider’s stock valued at $3,594,000 after buying an additional 46,929 shares during the period. Renaissance Technologies LLC increased its holdings in Everspin Tech by 4.6% in the 4th quarter. Renaissance Technologies LLC now owns 261,367 shares of the business services provider’s stock valued at $2,425,000 after buying an additional 11,600 shares during the period. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Everspin Tech in the 4th quarter valued at approximately $2,204,000. Finally, Geode Capital Management LLC raised its position in shares of Everspin Tech by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 221,189 shares of the business services provider’s stock valued at $2,054,000 after buying an additional 8,618 shares in the last quarter. Institutional investors and hedge funds own 44.68% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on MRAM. Needham & Company LLC increased their target price on shares of Everspin Tech from $14.00 to $18.50 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Everspin Tech in a research report on Friday, March 27th. Finally, Wall Street Zen cut Everspin Tech from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Everspin Tech currently has an average rating of “Hold” and an average price target of $18.50.

About Everspin Tech

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.