Sanjeev Aggarwal Sells 1,768 Shares of EVERSPIN TECH (NASDAQ:MRAM) Stock

EVERSPIN TECH (NASDAQ:MRAM) CEO Sanjeev Aggarwal sold 1,768 shares of the firm’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $6.02, for a total value of $10,643.36. Following the completion of the sale, the chief executive officer owned 591,904 shares in the company, valued at $3,563,262.08. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Sanjeev Aggarwal also recently made the following trade(s):

• On Thursday, August 7th, Sanjeev Aggarwal sold 1,357 shares of EVERSPIN TECH stock. The shares were sold at an average price of $6.10, for a total value of $8,277.70.
• On Thursday, July 3rd, Sanjeev Aggarwal sold 12,677 shares of EVERSPIN TECH stock. The shares were sold at an average price of $6.82, for a total value of $86,457.14.
• On Wednesday, July 2nd, Sanjeev Aggarwal sold 17,327 shares of EVERSPIN TECH stock. The shares were sold at an average price of $6.47, for a total value of $112,105.69.

EVERSPIN TECH Stock Performance

Shares of MRAM opened at $6.35 on Thursday. The firm has a market capitalization of $143.64 million, a price-to-earnings ratio of 90.71 and a beta of 0.13. EVERSPIN TECH has a one year low of $4.34 and a one year high of $7.08. The stock’s fifty day moving average is $6.35 and its 200-day moving average is $5.81.

Wall Street Analyst Weigh In

MRAM has been the topic of a number of research analyst reports. Needham & Company LLC initiated coverage on EVERSPIN TECH in a report on Thursday, May 1st. They set a “buy” rating on the stock. Wall Street Zen raised EVERSPIN TECH from a “hold” rating to a “buy” rating in a report on Saturday, August 9th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Wells Fargo & Company MN grew its holdings in EVERSPIN TECH by 42.3% during the fourth quarter. Wells Fargo & Company MN now owns 10,635 shares of the business services provider’s stock worth $68,000 after acquiring an additional 3,159 shares during the period. Silverberg Bernstein Capital Management LLC acquired a new position in EVERSPIN TECH during the second quarter worth about $68,000. Wolverine Trading LLC acquired a new position in EVERSPIN TECH during the fourth quarter worth about $71,000. Occudo Quantitative Strategies LP acquired a new position in EVERSPIN TECH during the fourth quarter worth about $97,000. Finally, Bank of America Corp DE grew its holdings in EVERSPIN TECH by 43.0% during the fourth quarter. Bank of America Corp DE now owns 17,251 shares of the business services provider’s stock worth $110,000 after acquiring an additional 5,186 shares during the period. 44.68% of the stock is owned by institutional investors and hedge funds.

About EVERSPIN TECH

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.