Everspin Tech (NASDAQ:MRAM) CFO Sells $291,300.00 in Stock

Everspin Tech (NASDAQ:MRAM) CFO William Earl Cooper sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $29.13, for a total value of $291,300.00. Following the completion of the sale, the chief financial officer directly owned 151,030 shares of the company’s stock, valued at approximately $4,399,503.90. This represents a 6.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

William Earl Cooper also recently made the following trade(s):

• On Wednesday, May 6th, William Earl Cooper sold 11,000 shares of Everspin Tech stock. The shares were sold at an average price of $21.75, for a total value of $239,250.00.
• On Wednesday, April 1st, William Earl Cooper sold 1,549 shares of Everspin Tech stock. The shares were sold at an average price of $9.20, for a total value of $14,250.80.

Everspin Tech Stock Performance

NASDAQ:MRAM opened at $33.68 on Friday. Everspin Tech has a one year low of $5.49 and a one year high of $51.50. The stock has a market cap of $789.80 million, a PE ratio of 3,371.37 and a beta of 1.75. The stock has a 50 day moving average price of $16.76 and a 200 day moving average price of $12.55.

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

Institutional Investors Weigh In On Everspin Tech

Institutional investors have recently modified their holdings of the company. Herald Investment Management Ltd grew its stake in shares of Everspin Tech by 18.5% in the third quarter. Herald Investment Management Ltd now owns 800,000 shares of the business services provider’s stock valued at $7,416,000 after buying an additional 125,000 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Everspin Tech in the third quarter valued at $433,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Everspin Tech in the fourth quarter valued at $2,204,000. Thompson Davis & CO. Inc. acquired a new stake in shares of Everspin Tech in the third quarter valued at $131,000. Finally, Renaissance Technologies LLC grew its stake in shares of Everspin Tech by 27.9% in the first quarter. Renaissance Technologies LLC now owns 334,367 shares of the business services provider’s stock valued at $2,939,000 after buying an additional 73,000 shares in the last quarter. 44.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on MRAM. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Everspin Tech in a report on Friday, March 27th. Needham & Company LLC raised their target price on Everspin Tech from $14.00 to $18.50 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Wall Street Zen cut 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 issued a Sell rating to the stock. According to MarketBeat.com, Everspin Tech presently has an average rating of “Hold” and an average price target of $18.50.

Everspin Tech Company Profile

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.