Everspin Tech (NASDAQ:MRAM) CFO Sells $14,250.80 in Stock

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

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 transaction of $82,092.42.

Everspin Tech Trading Up 3.0%

Shares of Everspin Tech stock traded up $0.28 on Thursday, reaching $9.48. 287,861 shares of the stock were exchanged, compared to its average volume of 723,626. The firm has a market capitalization of $219.18 million, a PE ratio of -316.00 and a beta of 0.94. Everspin Tech has a 1-year low of $4.34 and a 1-year high of $17.24. The business has a fifty day moving average price of $10.64 and a two-hundred day moving average price of $10.06.

Everspin Tech (NASDAQ:MRAM) last announced its quarterly earnings data on Wednesday, March 4th. The business services provider reported $0.11 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $14.80 million during the quarter, compared to the consensus estimate of $14.45 million. Everspin Tech has set its Q1 2026 guidance at 0.070-0.120 EPS.

Analyst Upgrades and Downgrades

MRAM has been the topic of a number of analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Everspin Tech in a research note on Friday, March 27th. Needham & Company LLC cut their price objective on Everspin Tech from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. Finally, Wall Street Zen downgraded Everspin Tech from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Everspin Tech has an average rating of “Hold” and an average price target of $14.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new position in Everspin Tech in the fourth quarter valued at about $322,000. Occudo Quantitative Strategies LP lifted its position in shares of Everspin Tech by 130.0% during the 4th quarter. Occudo Quantitative Strategies LP now owns 24,053 shares of the business services provider’s stock valued at $223,000 after acquiring an additional 13,594 shares during the period. Balyasny Asset Management L.P. purchased a new stake in shares of Everspin Tech during the 4th quarter worth approximately $155,000. 683 Capital Management LLC purchased a new stake in shares of Everspin Tech during the 4th quarter worth approximately $1,020,000. Finally, Trexquant Investment LP acquired a new stake in shares of Everspin Tech in the 4th quarter worth approximately $156,000. 44.68% of the stock is currently owned by institutional investors and hedge funds.

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.