Insider Selling: Everspin Tech (NASDAQ:MRAM) CEO Sells $689,970.90 in Stock

Everspin Tech (NASDAQ:MRAM) CEO Sanjeev Aggarwal sold 30,885 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $22.34, for a total value of $689,970.90. Following the completion of the sale, the chief executive officer owned 839,561 shares in the company, valued at approximately $18,755,792.74. This trade represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, May 4th, Sanjeev Aggarwal sold 28,459 shares of Everspin Tech stock. The stock was sold at an average price of $19.58, for a total value of $557,227.22.

Everspin Tech Stock Up 2.5%

Shares of NASDAQ:MRAM traded up $0.48 during mid-day trading on Monday, reaching $19.62. 933,160 shares of the stock were exchanged, compared to its average volume of 2,103,095. The stock’s 50 day simple moving average is $26.11 and its 200-day simple moving average is $16.16. Everspin Tech has a one year low of $5.76 and a one year high of $51.50. The company has a market cap of $460.09 million, a P/E ratio of 1,963.96 and a beta of 1.88.

Everspin Tech (NASDAQ:MRAM) last released its quarterly earnings results on Wednesday, April 29th. The business services provider reported $0.11 earnings per share 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 the consensus estimate of $14.60 million. Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Needham & Company LLC upped their price objective on Everspin Tech from $14.00 to $18.50 and gave the company a “buy” rating in a report on Thursday, April 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of Everspin Tech in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $18.50.

Hedge Funds Weigh In On Everspin Tech

A number of hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in Everspin Tech in the 2nd quarter valued at $25,000. Kestra Advisory Services LLC acquired a new stake in shares of Everspin Tech during the 4th quarter worth $41,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Everspin Tech during the 3rd quarter worth $82,000. Algert Global LLC bought a new position in shares of Everspin Tech in the third quarter worth $102,000. Finally, Occudo Quantitative Strategies LP bought a new position in shares of Everspin Tech in the second quarter worth $70,000. Institutional investors own 44.68% of the company’s stock.

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.