Everspin Tech (NASDAQ:MRAM) CFO William Earl Cooper Sells 10,000 Shares of Stock

Everspin Tech (NASDAQ:MRAM) CFO William Earl Cooper sold 10,000 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $29.13, for a total value of $291,300.00. Following the completion of the sale, the chief financial officer owned 151,030 shares in the company, valued at approximately $4,399,503.90. This trade represents a 6.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, May 6th, William Earl Cooper sold 11,000 shares of Everspin Tech stock. The shares were sold at an average price of $21.75, for a total transaction of $239,250.00.
• On Wednesday, April 1st, William Earl Cooper sold 1,549 shares of Everspin Tech stock. The stock was sold at an average price of $9.20, for a total transaction of $14,250.80.

Everspin Tech Stock Performance

Shares of MRAM opened at $32.45 on Friday. The firm has a market cap of $760.95 million, a P/E ratio of 3,248.25 and a beta of 1.75. Everspin Tech has a 52 week low of $5.49 and a 52 week high of $51.50. The firm’s 50-day simple moving average is $16.27 and its 200 day simple moving average is $12.40.

Everspin Tech (NASDAQ:MRAM) last posted its earnings results on Wednesday, April 29th. The business services provider reported $0.11 EPS for the quarter. Everspin Tech had a return on equity of 4.78% and a net margin of 0.50%.The company had revenue of $14.87 million for the quarter, compared to the consensus estimate of $14.60 million. Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.

Institutional Investors Weigh In On Everspin Tech

Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of Everspin Tech during the second quarter worth about $25,000. Kestra Advisory Services LLC bought a new position in shares of Everspin Tech in the 4th quarter worth about $41,000. Occudo Quantitative Strategies LP bought a new stake in shares of Everspin Tech in the 2nd quarter valued at $70,000. Gordian Capital Singapore Pte Ltd bought a new stake in Everspin Tech in the third quarter valued at $82,000. Finally, Fortitude Advisory Group L.L.C. acquired a new position in Everspin Tech during the 1st quarter worth approximately $99,000. Institutional investors and hedge funds own 44.68% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on MRAM shares. Wall Street Zen cut shares of Everspin Tech from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Everspin Tech in a report on Friday, March 27th. Finally, Needham & Company LLC increased their target price on Everspin Tech from $14.00 to $18.50 and gave the stock a “buy” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Everspin Tech currently has a consensus rating of “Hold” and a consensus price target of $18.50.

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.