Insider Selling: Everspin Tech (NASDAQ:MRAM) CEO Sells $178,848.00 in Stock

Everspin Tech (NASDAQ:MRAM) CEO Sanjeev Aggarwal sold 19,440 shares of Everspin Tech stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $9.20, for a total transaction of $178,848.00. Following the transaction, the chief executive officer directly owned 847,881 shares of the company’s stock, valued at $7,800,505.20. This represents a 2.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Everspin Tech Price Performance

NASDAQ:MRAM opened at $9.48 on Friday. The firm has a market cap of $219.18 million, a PE ratio of -316.00 and a beta of 0.94. Everspin Tech has a 12 month low of $4.34 and a 12 month high of $17.24. The company’s 50-day moving average price is $10.43 and its two-hundred day moving average price is $10.09.

Everspin Tech (NASDAQ:MRAM) last posted its quarterly earnings data on Wednesday, March 4th. The business services provider reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. Everspin Tech had a negative net margin of 1.06% and a negative return on equity of 0.90%. The company had revenue of $14.80 million during the quarter, compared to analyst estimates of $14.45 million. Everspin Tech has set its Q1 2026 guidance at 0.070-0.120 EPS.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MRAM shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Everspin Tech in a research note on Friday, March 27th. Wall Street Zen lowered Everspin Tech from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Needham & Company LLC cut their price target on Everspin Tech from $15.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, March 5th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $14.00.

Institutional Trading of Everspin Tech

Several hedge funds have recently modified their holdings of the stock. Rhumbline Advisers raised its position in Everspin Tech by 55.1% in the 1st quarter. Rhumbline Advisers now owns 36,835 shares of the business services provider’s stock worth $188,000 after purchasing an additional 13,086 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Everspin Tech in the 2nd quarter valued at $164,000. Marshall Wace LLP acquired a new stake in shares of Everspin Tech in the 2nd quarter valued at $716,000. Jump Financial LLC acquired a new stake in shares of Everspin Tech in the 2nd quarter valued at $159,000. Finally, Qube Research & Technologies Ltd raised its position in shares of Everspin Tech by 41.4% during the second quarter. Qube Research & Technologies Ltd now owns 103,300 shares of the business services provider’s stock worth $650,000 after acquiring an additional 30,244 shares during the last quarter. 44.68% of the stock is owned by institutional investors.

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.