Insider Selling: Everspin Tech (NASDAQ:MRAM) CFO Sells 1,549 Shares of Stock

Everspin Tech (NASDAQ:MRAM) CFO William Earl Cooper sold 1,549 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $9.20, for a total value of $14,250.80. Following the sale, the chief financial officer owned 172,030 shares in the company, valued at approximately $1,582,676. The trade was a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

William Earl Cooper also recently made the following trade(s):

• On Wednesday, January 7th, William Earl Cooper sold 6,807 shares of Everspin Tech stock. The shares were sold at an average price of $12.06, for a total value of $82,092.42.

Everspin Tech Trading Up 3.0%

Shares of MRAM stock traded up $0.28 during mid-day trading on Thursday, reaching $9.48. The stock had a trading volume of 287,861 shares, compared to its average volume of 723,626. The company has a market cap of $219.18 million, a P/E 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 business has a 50-day simple moving average of $10.64 and a 200 day simple moving average of $10.06.

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of Everspin Tech

A number of hedge funds and other institutional investors 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 about $25,000. Kestra Advisory Services LLC acquired a new stake in shares of Everspin Tech during the 4th quarter worth about $41,000. Occudo Quantitative Strategies LP purchased a new stake in shares of Everspin Tech during the second quarter worth about $70,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Everspin Tech during the third quarter worth about $82,000. Finally, Algert Global LLC acquired a new position in shares of Everspin Tech in the third quarter valued at approximately $102,000. Hedge funds and other 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.