Insider Selling: Everspin Tech (NASDAQ:MRAM) Director Sells $113,040.00 in Stock

Everspin Tech (NASDAQ:MRAM) Director Darin Billerbeck sold 12,000 shares of the business’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $9.42, for a total value of $113,040.00. Following the completion of the transaction, the director directly owned 124,073 shares in the company, valued at approximately $1,168,767.66. This represents a 8.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Everspin Tech Price Performance

Shares of NASDAQ:MRAM opened at $8.30 on Friday. Everspin Tech has a 1 year low of $4.34 and a 1 year high of $12.27. The company has a market capitalization of $189.74 million, a PE ratio of -276.67 and a beta of 0.47. The business has a fifty day moving average price of $9.47 and a two-hundred day moving average price of $7.33.

Everspin Tech (NASDAQ:MRAM) last issued its quarterly earnings results on Wednesday, November 5th. The business services provider reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $14.06 million for the quarter, compared to the consensus estimate of $14.00 million. Everspin Tech had a negative net margin of 1.06% and a negative return on equity of 0.89%. Everspin Tech has set its Q4 2025 guidance at 0.080-0.130 EPS.

Institutional Trading of Everspin Tech

A number of institutional investors have recently modified their holdings of MRAM. Raymond James Financial Inc. bought a new position in Everspin Tech in the 2nd quarter worth approximately $25,000. Silverberg Bernstein Capital Management LLC purchased a new stake in shares of Everspin Tech during the second quarter worth $68,000. Occudo Quantitative Strategies LP purchased a new stake in shares of Everspin Tech during the second quarter worth $70,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of Everspin Tech in the third quarter worth $82,000. Finally, Thompson Davis & CO. Inc. purchased a new position in shares of Everspin Tech in the third quarter valued at $131,000. 44.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MRAM has been the subject of a number of research reports. Needham & Company LLC increased their target price on shares of Everspin Tech from $8.00 to $10.50 and gave the company a “buy” rating in a research report on Monday, November 10th. Weiss Ratings downgraded Everspin Tech from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday. Finally, Wall Street Zen raised Everspin Tech from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $10.50.

Everspin Tech Company Profile

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.