Everspin Technologies, Inc. (NASDAQ:MRAM) VP Sells $12,292.80 in Stock

Everspin Technologies, Inc. (NASDAQ:MRAMGet Free Report) VP David Schrenk sold 1,560 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $7.88, for a total transaction of $12,292.80. Following the transaction, the vice president now directly owns 112,748 shares of the company’s stock, valued at $888,454.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Friday, March 15th, David Schrenk sold 1,206 shares of Everspin Technologies stock. The shares were sold at an average price of $7.98, for a total transaction of $9,623.88.
  • On Wednesday, March 13th, David Schrenk sold 253 shares of Everspin Technologies stock. The shares were sold at an average price of $8.16, for a total transaction of $2,064.48.
  • On Tuesday, March 5th, David Schrenk sold 5,000 shares of Everspin Technologies stock. The shares were sold at an average price of $8.03, for a total transaction of $40,150.00.

Everspin Technologies Trading Down 0.5 %

MRAM stock opened at $8.32 on Friday. Everspin Technologies, Inc. has a 52 week low of $6.20 and a 52 week high of $10.50. The company has a market capitalization of $176.63 million, a price-to-earnings ratio of 19.81 and a beta of 0.99. The firm’s 50-day moving average is $8.53 and its two-hundred day moving average is $9.02.

Everspin Technologies (NASDAQ:MRAMGet Free Report) last released its quarterly earnings results on Wednesday, February 28th. The business services provider reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. Everspin Technologies had a net margin of 14.20% and a return on equity of 18.96%. The company had revenue of $16.71 million for the quarter.

Institutional Trading of Everspin Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Everspin Technologies by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 839,405 shares of the business services provider’s stock worth $8,251,000 after purchasing an additional 8,742 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Everspin Technologies by 51.4% in the 3rd quarter. Royal Bank of Canada now owns 586,688 shares of the business services provider’s stock worth $3,397,000 after purchasing an additional 199,118 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Everspin Technologies by 16.8% during the third quarter. Acadian Asset Management LLC now owns 507,115 shares of the business services provider’s stock valued at $4,982,000 after acquiring an additional 73,109 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Everspin Technologies by 12.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 334,495 shares of the business services provider’s stock valued at $3,024,000 after acquiring an additional 36,586 shares during the period. Finally, BlackRock Inc. raised its holdings in shares of Everspin Technologies by 9.5% during the second quarter. BlackRock Inc. now owns 310,425 shares of the business services provider’s stock valued at $2,859,000 after acquiring an additional 26,826 shares during the period. 42.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reissued a “buy” rating and set a $12.00 target price on shares of Everspin Technologies in a research note on Thursday, February 29th.

Read Our Latest Research Report on MRAM

Everspin Technologies Company Profile

(Get Free Report)

Everspin Technologies, Inc manufactures and sells magnetoresistive random access memory (MRAM) products in the United States, Hong Kong, Japan, China, Canada, Germany, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for MRAM products.

Further Reading

Insider Buying and Selling by Quarter for Everspin Technologies (NASDAQ:MRAM)

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