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 stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $5.70, for a total transaction of $114,000.00. Following the sale, the vice president now directly owns 114,119 shares in the company, valued at $650,478.30. This trade represents a 14.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 transaction of $12,491.55.

Everspin Technologies Stock Down 0.8 %

Shares of NASDAQ MRAM opened at $5.83 on Friday. The company has a market cap of $130.87 million, a PE ratio of 97.08 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. The business’s 50 day moving average price is $5.20 and its two-hundred day moving average price is $5.82.

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 the consensus estimate of $0.06 by ($0.01). Everspin Technologies had a return on equity of 2.74% and a net margin of 2.85%. The firm had revenue of $13.20 million for the quarter, compared to analyst estimates of $12.50 million.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MRAM shares. Needham & Company LLC began coverage on Everspin Technologies in a research note on Thursday, May 1st. They issued a “buy” rating for the company. StockNews.com cut Everspin Technologies from a “buy” rating to a “hold” rating in a report on Friday, February 28th.

Hedge Funds Weigh In On Everspin Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in Everspin Technologies by 0.5% in 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 buying an additional 1,941 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Everspin Technologies by 42.3% in the fourth quarter. Wells Fargo & Company MN now owns 10,635 shares of the business services provider’s stock valued at $68,000 after buying an additional 3,159 shares during the period. Barclays PLC boosted its position in shares of Everspin Technologies by 6.4% during the 4th quarter. Barclays PLC now owns 56,004 shares of the business services provider’s stock valued at $357,000 after purchasing an additional 3,350 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Everspin Technologies by 9.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 59,283 shares of the business services provider’s stock worth $379,000 after buying an additional 5,059 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Everspin Technologies by 43.0% in the fourth quarter. Bank of America Corp DE now owns 17,251 shares of the business services provider’s stock worth $110,000 after purchasing an additional 5,186 shares during the period. 44.68% of the stock is currently owned by institutional investors and hedge funds.

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.