Insider Selling: Everspin Tech (NASDAQ:MRAM) CFO Sells $34,604.66 in Stock

Everspin Tech (NASDAQ:MRAM) CFO William Earl Cooper sold 1,549 shares of Everspin Tech stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $22.34, for a total transaction of $34,604.66. Following the completion of the transaction, the chief financial officer directly owned 149,481 shares of the company’s stock, valued at $3,339,405.54. This trade represents a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Wednesday, May 20th, William Earl Cooper sold 10,000 shares of Everspin Tech stock. The stock was sold at an average price of $29.13, for a total transaction of $291,300.00.
• 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 value of $239,250.00.

Everspin Tech Trading Down 1.6%

NASDAQ:MRAM opened at $17.39 on Thursday. The firm has a market capitalization of $407.80 million, a PE ratio of 1,740.74 and a beta of 1.88. The stock has a 50 day moving average of $26.40 and a 200-day moving average of $16.36. Everspin Tech has a 52 week low of $5.76 and a 52 week high of $51.50.

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

Analysts Set New Price Targets

Several equities analysts have recently commented on MRAM shares. Weiss Ratings restated a “sell (d+)” rating on shares of Everspin Tech in a research report on Wednesday, June 24th. Needham & Company LLC lifted their price objective on shares of Everspin Tech from $14.00 to $18.50 and gave the company a “buy” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Everspin Tech currently has a consensus rating of “Hold” and a consensus price target of $18.50.

Institutional Trading of Everspin Tech

Several hedge funds have recently added to or reduced their stakes in MRAM. Bank of America Corp DE boosted its position in Everspin Tech by 783.4% during 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 acquiring an additional 194,617 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Everspin Tech by 27.9% during the first quarter. Renaissance Technologies LLC now owns 334,367 shares of the business services provider’s stock valued at $2,939,000 after purchasing an additional 73,000 shares during the period. Sei Investments Co. raised its stake in shares of Everspin Tech by 25.7% during the first quarter. Sei Investments Co. now owns 66,202 shares of the business services provider’s stock valued at $582,000 after purchasing an additional 13,516 shares in the last quarter. State of Wyoming bought a new stake in shares of Everspin Tech during the first quarter valued at about $189,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Everspin Tech by 13.0% in the first quarter. Dimensional Fund Advisors LP now owns 409,010 shares of the business services provider’s stock worth $3,594,000 after purchasing an additional 46,929 shares during the period. Institutional investors own 44.68% of the company’s stock.

Everspin Tech Company Profile

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.