Sanjeev Aggarwal Sells 17,523 Shares of Everspin Technologies, Inc. (NASDAQ:MRAM) Stock

Everspin Technologies, Inc. (NASDAQ:MRAM) CEO Sanjeev Aggarwal sold 17,523 shares of Everspin Technologies stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $5.54, for a total transaction of $97,077.42. Following the completion of the sale, the chief executive officer now owns 440,215 shares of the company’s stock, valued at $2,438,791.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, August 7th, Sanjeev Aggarwal sold 1,310 shares of Everspin Technologies stock. The stock was sold at an average price of $5.40, for a total value of $7,074.00.

Everspin Technologies Stock Down 0.7 %

NASDAQ:MRAM opened at $5.81 on Friday. Everspin Technologies, Inc. has a 52 week low of $4.89 and a 52 week high of $10.50. The company has a fifty day simple moving average of $5.59 and a two-hundred day simple moving average of $6.31. The company has a market cap of $125.04 million, a price-to-earnings ratio of 15.70 and a beta of 0.91.

Everspin Technologies (NASDAQ:MRAM) last issued its quarterly earnings results on Wednesday, July 31st. The business services provider reported ($0.12) earnings per share for the quarter, hitting the consensus estimate of ($0.12). The company had revenue of $10.64 million for the quarter. Everspin Technologies had a return on equity of 3.16% and a net margin of 2.92%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MRAM shares. Needham & Company LLC reiterated a “buy” rating and issued a $8.00 price objective on shares of Everspin Technologies in a report on Thursday, August 1st. StockNews.com lowered shares of Everspin Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th.

Institutional Trading of Everspin Technologies

Hedge funds have recently added to or reduced their stakes in the company. Mackenzie Financial Corp purchased a new stake in shares of Everspin Technologies in the 2nd quarter valued at approximately $70,000. Total Clarity Wealth Management Inc. grew its stake in shares of Everspin Technologies by 11.3% during the second 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 in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Everspin Technologies by 15.9% during the second quarter. Dimensional Fund Advisors LP now owns 407,444 shares of the business services provider’s stock worth $2,440,000 after purchasing an additional 55,772 shares in the last quarter. Herald Investment Management Ltd raised its stake in Everspin Technologies by 41.7% in the second quarter. Herald Investment Management Ltd now owns 474,817 shares of the business services provider’s stock valued at $2,835,000 after buying an additional 139,817 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in Everspin Technologies by 17.0% during the 2nd quarter. Acadian Asset Management LLC now owns 835,824 shares of the business services provider’s stock worth $5,003,000 after buying an additional 121,717 shares during the last quarter. Institutional investors and hedge funds own 44.68% of the company’s stock.

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.