Everspin Technologies, Inc. (NASDAQ:MRAM) VP Sells $114,000.00 in Stock

Everspin Technologies, Inc. (NASDAQ:MRAM) VP David Schrenk sold 20,000 shares of the firm’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $5.70, for a total transaction of $114,000.00. Following the completion of the sale, the vice president now owns 114,119 shares of the company’s stock, valued at $650,478.30. This trade represents a 14.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

David Schrenk also recently made the following trade(s):

• On Tuesday, March 18th, David Schrenk sold 2,435 shares of Everspin Technologies stock. The stock was sold at an average price of $5.13, for a total value of $12,491.55.

Everspin Technologies Stock Up 1.9 %

MRAM stock opened at $5.94 on Friday. The business has a 50 day moving average of $5.21 and a 200 day moving average of $5.82. The firm has a market cap of $133.45 million, a PE ratio of 99.00 and a beta of 0.31. Everspin Technologies, Inc. has a twelve month low of $4.34 and a twelve month high of $7.00.

Everspin Technologies (NASDAQ:MRAM) last posted its quarterly earnings results on Wednesday, February 26th. The business services provider reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $13.20 million during the quarter, compared to analysts’ expectations of $12.50 million. Everspin Technologies had a return on equity of 2.74% and a net margin of 2.85%.

Analysts Set New Price Targets

A number of research firms have issued reports on MRAM. Needham & Company LLC began coverage on Everspin Technologies in a report on Thursday, May 1st. They issued a “buy” rating for the company. 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 made changes to their positions in the company. Jane Street Group LLC purchased a new position in Everspin Technologies in the 3rd quarter worth approximately $82,000. Geode Capital Management LLC lifted its holdings in shares of Everspin Technologies by 0.5% during the third quarter. Geode Capital Management LLC now owns 412,879 shares of the business services provider’s stock valued at $2,437,000 after purchasing an additional 1,941 shares in the last quarter. Barclays PLC boosted its position in shares of Everspin Technologies by 157.9% during the third quarter. Barclays PLC now owns 52,654 shares of the business services provider’s stock valued at $310,000 after buying an additional 32,240 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Everspin Technologies by 49.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 58,668 shares of the business services provider’s stock worth $346,000 after buying an additional 19,367 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. purchased a new position in Everspin Technologies in the 4th quarter worth about $162,000. Institutional investors own 44.68% of the company’s stock.

About Everspin Technologies

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.