Everspin Technologies, Inc. (NASDAQ:MRAM) VP Sells $14,833.63 in Stock

Everspin Technologies, Inc. (NASDAQ:MRAM) VP David Schrenk sold 2,381 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $6.23, for a total value of $14,833.63. Following the transaction, the vice president now directly owns 91,647 shares in the company, valued at approximately $570,960.81. The trade was a 2.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

David Schrenk also recently made the following trade(s):

• On Friday, November 29th, David Schrenk sold 2,381 shares of Everspin Technologies stock. The shares were sold at an average price of $6.08, for a total value of $14,476.48.

Everspin Technologies Trading Down 0.2 %

NASDAQ:MRAM traded down $0.01 during midday trading on Thursday, reaching $6.36. The company had a trading volume of 266,725 shares, compared to its average volume of 120,394. Everspin Technologies, Inc. has a 12-month low of $4.89 and a 12-month high of $9.43. The firm has a market capitalization of $139.74 million, a price-to-earnings ratio of 106.00 and a beta of 0.90. The stock’s fifty day simple moving average is $6.20 and its 200-day simple moving average is $5.97.

Analysts Set New Price Targets

MRAM has been the topic of several research reports. StockNews.com cut shares of Everspin Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, December 12th. Needham & Company LLC reiterated a “buy” rating and set a $8.00 target price on shares of Everspin Technologies in a report on Thursday, October 31st.

Institutional Trading of Everspin Technologies

A number of large investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in Everspin Technologies by 0.5% in the third quarter. Geode Capital Management LLC now owns 412,879 shares of the business services provider’s stock worth $2,437,000 after acquiring an additional 1,941 shares during the last quarter. State Street Corp raised its holdings in shares of Everspin Technologies by 1.5% in the 3rd quarter. State Street Corp now owns 219,393 shares of the business services provider’s stock valued at $1,294,000 after purchasing an additional 3,298 shares in the last quarter. Eastern Bank purchased a new stake in shares of Everspin Technologies during the 3rd quarter worth $50,000. Total Clarity Wealth Management Inc. lifted its position in shares of Everspin Technologies by 11.3% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 86,359 shares of the business services provider’s stock worth $517,000 after purchasing an additional 8,767 shares during the last quarter. Finally, Mackenzie Financial Corp acquired a new position in shares of Everspin Technologies during the second quarter worth $70,000. 44.68% of the stock is currently owned by hedge funds and other institutional investors.

About Everspin Technologies

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.