Darin Billerbeck Sells 30,000 Shares of Everspin Tech (NASDAQ:MRAM) Stock

Everspin Tech (NASDAQ:MRAM) Director Darin Billerbeck sold 30,000 shares of Everspin Tech stock in a transaction on Monday, May 11th. The stock was sold at an average price of $37.16, for a total transaction of $1,114,800.00. Following the transaction, the director owned 124,073 shares in the company, valued at $4,610,552.68. This represents a 19.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Everspin Tech Price Performance

Shares of Everspin Tech stock opened at $40.63 on Friday. The company’s fifty day simple moving average is $13.93 and its 200-day simple moving average is $11.62. The stock has a market capitalization of $952.77 million, a PE ratio of 4,067.07 and a beta of 1.75. Everspin Tech has a 1-year low of $5.49 and a 1-year high of $51.50.

Everspin Tech (NASDAQ:MRAM) last issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported $0.11 earnings per share for the quarter. The business had revenue of $14.87 million for the quarter, compared to analysts’ expectations of $14.60 million. Everspin Tech had a net margin of 0.50% and a return on equity of 4.78%. Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.

Institutional Trading of Everspin Tech

A number of large investors have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in shares of Everspin Tech in the 2nd quarter worth about $25,000. Kestra Advisory Services LLC bought a new stake in shares of Everspin Tech in the 4th quarter worth about $41,000. State Street Corp increased its holdings in shares of Everspin Tech by 5.7% in the 4th quarter. State Street Corp now owns 85,288 shares of the business services provider’s stock worth $791,000 after buying an additional 4,600 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Everspin Tech by 28.6% in the 2nd quarter. Bank of America Corp DE now owns 27,150 shares of the business services provider’s stock worth $171,000 after buying an additional 6,041 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Everspin Tech by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 221,189 shares of the business services provider’s stock worth $2,054,000 after buying an additional 8,618 shares during the last quarter. 44.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MRAM has been the topic of several analyst reports. Needham & Company LLC lifted their price target on shares of Everspin Tech from $14.00 to $18.50 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings restated a “sell (d+)” rating on shares of Everspin Tech in a research note on Friday, March 27th. Finally, Wall Street Zen cut shares of Everspin Tech from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. 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, the stock presently has an average rating of “Hold” and a consensus price target of $18.50.

About Everspin Tech

Everspin Technologies, Inc (NASDAQ: MRAM) is a semiconductor company specializing in the design, development and marketing of magnetoresistive random access memory (MRAM) solutions. Established in 2008 as a spin-out from Freescale Semiconductor, the company pioneered commercial MRAM products and continues to advance the technology through successive generations, including Toggle MRAM and spin-transfer torque (STT) MRAM. Everspin’s non-volatile memory devices offer a unique combination of performance, endurance and data retention for a variety of applications.

The company’s product portfolio includes discrete MRAM chips, embedded MRAM IP for integration into system-on-chip (SoC) designs and companion devices that leverage MRAM’s fast write speeds and low power consumption.