Everspin Technologies, Inc. (NASDAQ:MRAM) VP Sells $12,614.76 in Stock

Everspin Technologies, Inc. (NASDAQ:MRAM) VP David Schrenk sold 2,412 shares of Everspin Technologies stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $5.23, for a total value of $12,614.76. Following the sale, the vice president now directly owns 103,909 shares in the company, valued at $543,444.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

David Schrenk also recently made the following trade(s):

• On Wednesday, August 28th, David Schrenk sold 2,396 shares of Everspin Technologies stock. The shares were sold at an average price of $5.60, for a total value of $13,417.60.

Everspin Technologies Trading Up 0.3 %

Everspin Technologies stock traded up $0.02 during mid-day trading on Friday, hitting $6.00. The company had a trading volume of 300,196 shares, compared to its average volume of 124,514. Everspin Technologies, Inc. has a 12 month low of $4.89 and a 12 month high of $10.50. The stock’s 50 day moving average price is $5.73 and its two-hundred day moving average price is $6.49. The company has a market capitalization of $129.13 million, a PE ratio of 16.16 and a beta of 0.90.

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

Hedge Funds Weigh In On Everspin Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC lifted its holdings in shares of Everspin Technologies by 17.0% during the second quarter. Acadian Asset Management LLC now owns 835,824 shares of the business services provider’s stock valued at $5,003,000 after purchasing an additional 121,717 shares in the last quarter. Vanguard Group Inc. raised its position in Everspin Technologies by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 776,934 shares of the business services provider’s stock worth $6,153,000 after buying an additional 22,657 shares during the last quarter. Herald Investment Management Ltd lifted its stake in Everspin Technologies by 41.7% during the 2nd quarter. Herald Investment Management Ltd now owns 474,817 shares of the business services provider’s stock valued at $2,835,000 after acquiring an additional 139,817 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Everspin Technologies by 15.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 407,444 shares of the business services provider’s stock valued at $2,440,000 after acquiring an additional 55,772 shares during the last quarter. Finally, Hillsdale Investment Management Inc. boosted its holdings in shares of Everspin Technologies by 8.9% during the 1st quarter. Hillsdale Investment Management Inc. now owns 242,102 shares of the business services provider’s stock valued at $1,917,000 after acquiring an additional 19,700 shares during the last quarter. 44.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Needham & Company LLC reissued a “buy” rating and set a $8.00 price objective on shares of Everspin Technologies in a research 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.

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.