David Schrenk Sells 2,435 Shares of Everspin Technologies, Inc. (NASDAQ:MRAM) Stock

Everspin Technologies, Inc. (NASDAQ:MRAM) VP David Schrenk sold 2,435 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $5.13, for a total value of $12,491.55. Following the sale, the vice president now directly owns 134,119 shares of the company’s stock, valued at approximately $688,030.47. This represents a 1.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Everspin Technologies Stock Performance

Shares of NASDAQ:MRAM traded down $0.16 during midday trading on Thursday, hitting $5.20. 40,635 shares of the stock were exchanged, compared to its average volume of 119,239. Everspin Technologies, Inc. has a 52-week low of $4.89 and a 52-week high of $8.47. The business’s fifty day simple moving average is $5.85 and its two-hundred day simple moving average is $5.99. The company has a market capitalization of $115.13 million, a PE ratio of 86.67 and a beta of 0.79.

Everspin Technologies (NASDAQ:MRAM) last announced its quarterly earnings data on Wednesday, February 26th. The business services provider reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Everspin Technologies had a return on equity of 2.74% and a net margin of 2.85%. The firm had revenue of $13.20 million for the quarter, compared to analysts’ expectations of $12.50 million.

Analysts Set New Price Targets

Separately, StockNews.com lowered Everspin Technologies from a “buy” rating to a “hold” rating in a report on Friday, February 28th.

Hedge Funds Weigh In On Everspin Technologies

Several institutional investors have recently bought and sold shares of MRAM. Herald Investment Management Ltd raised its holdings in Everspin Technologies by 20.0% during the fourth quarter. Herald Investment Management Ltd now owns 600,000 shares of the business services provider’s stock valued at $3,822,000 after buying an additional 100,000 shares in the last quarter. Bailard Inc. bought a new position in Everspin Technologies during the fourth quarter valued at about $292,000. Barclays PLC raised its holdings in Everspin Technologies by 157.9% during the third quarter. Barclays PLC now owns 52,654 shares of the business services provider’s stock valued at $310,000 after buying an additional 32,240 shares in the last quarter. Total Clarity Wealth Management Inc. acquired a new stake in shares of Everspin Technologies in the fourth quarter valued at about $162,000. Finally, JPMorgan Chase & Co. grew its position in shares of Everspin Technologies by 49.3% in the third quarter. JPMorgan Chase & Co. now owns 58,668 shares of the business services provider’s stock valued at $346,000 after purchasing an additional 19,367 shares during the last quarter. 44.68% of the stock is currently owned by institutional investors.

Everspin Technologies 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.