Everspin Tech (NASDAQ:MRAM) CFO William Earl Cooper Sells 6,807 Shares of Stock

Everspin Tech (NASDAQ:MRAM) CFO William Earl Cooper sold 6,807 shares of Everspin Tech stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $12.06, for a total transaction of $82,092.42. Following the completion of the transaction, the chief financial officer directly owned 93,193 shares of the company’s stock, valued at $1,123,907.58. The trade was a 6.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Everspin Tech Price Performance

Shares of NASDAQ:MRAM opened at $11.85 on Friday. The firm has a market capitalization of $270.89 million, a PE ratio of -395.00 and a beta of 0.80. The business has a 50 day simple moving average of $9.10 and a two-hundred day simple moving average of $8.18. Everspin Tech has a 1 year low of $4.34 and a 1 year high of $13.00.

Everspin Tech (NASDAQ:MRAM) last posted its earnings results on Wednesday, November 5th. The business services provider reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Everspin Tech had a negative net margin of 1.06% and a negative return on equity of 0.89%. The business had revenue of $14.06 million for the quarter, compared to the consensus estimate of $14.00 million. Everspin Tech has set its Q4 2025 guidance at 0.080-0.130 EPS.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Wall Street Zen raised shares of Everspin Tech from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Needham & Company LLC raised their price target on Everspin Tech from $8.00 to $10.50 and gave the stock a “buy” rating in a report on Monday, November 10th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Everspin Tech in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $10.50.

Institutional Investors Weigh In On Everspin Tech

Hedge funds have recently modified their holdings of the company. Herald Investment Management Ltd grew its stake in Everspin Tech by 18.5% during the 3rd quarter. Herald Investment Management Ltd now owns 800,000 shares of the business services provider’s stock valued at $7,416,000 after acquiring an additional 125,000 shares in the last quarter. Two Sigma Investments LP grew its position in Everspin Tech by 63.9% in the 3rd quarter. Two Sigma Investments LP now owns 170,933 shares of the business services provider’s stock valued at $1,591,000 after acquiring an additional 66,623 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Everspin Tech by 426.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 137,687 shares of the business services provider’s stock valued at $1,282,000 after buying an additional 111,542 shares during the period. Marshall Wace LLP purchased a new stake in Everspin Tech during the 2nd quarter worth about $716,000. Finally, Qube Research & Technologies Ltd raised its position in Everspin Tech by 41.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 103,300 shares of the business services provider’s stock valued at $650,000 after purchasing an additional 30,244 shares in the last quarter. 44.68% of the stock is owned by hedge funds and other institutional investors.

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.