Sanjeev Aggarwal Sells 16,845 Shares of Everspin Technologies, Inc. (NASDAQ:MRAM) Stock

Everspin Technologies, Inc. (NASDAQ:MRAM) CEO Sanjeev Aggarwal sold 16,845 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $5.00, for a total value of $84,225.00. Following the completion of the sale, the chief executive officer now directly owns 637,983 shares in the company, valued at approximately $3,189,915. This represents a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Sanjeev Aggarwal also recently made the following trade(s):

• On Friday, March 7th, Sanjeev Aggarwal sold 35,142 shares of Everspin Technologies stock. The shares were sold at an average price of $5.37, for a total value of $188,712.54.

Everspin Technologies Stock Down 4.2 %

NASDAQ:MRAM opened at $4.56 on Friday. The stock has a market cap of $100.96 million, a price-to-earnings ratio of 76.00 and a beta of 0.79. The company’s 50 day moving average price is $5.53 and its 200-day moving average price is $5.96. Everspin Technologies, Inc. has a 52 week low of $4.48 and a 52 week high of $8.06.

Everspin Technologies (NASDAQ:MRAM) last issued its earnings results on Wednesday, February 26th. The business services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Everspin Technologies had a net margin of 2.85% and a return on equity of 2.74%. The business had revenue of $13.20 million for the quarter, compared to analysts’ expectations of $12.50 million.

Hedge Funds Weigh In On Everspin Technologies

A number of hedge funds have recently bought and sold shares of the business. Herald Investment Management Ltd boosted its holdings in shares of Everspin Technologies by 20.0% during the 4th quarter. Herald Investment Management Ltd now owns 600,000 shares of the business services provider’s stock valued at $3,822,000 after acquiring an additional 100,000 shares during the last quarter. Geode Capital Management LLC grew its position in Everspin Technologies by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 428,480 shares of the business services provider’s stock worth $2,739,000 after purchasing an additional 15,601 shares during the period. Dimensional Fund Advisors LP raised its stake in Everspin Technologies by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 418,594 shares of the business services provider’s stock valued at $2,675,000 after buying an additional 16,032 shares during the last quarter. State Street Corp lifted its holdings in shares of Everspin Technologies by 1.5% during the 3rd quarter. State Street Corp now owns 219,393 shares of the business services provider’s stock valued at $1,294,000 after buying an additional 3,298 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Everspin Technologies by 4.0% in the 4th quarter. Northern Trust Corp now owns 157,460 shares of the business services provider’s stock worth $1,006,000 after buying an additional 6,127 shares during the last quarter. Hedge funds and other institutional investors own 44.68% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Everspin Technologies from a “buy” rating to a “hold” rating in a report on Friday, February 28th.

About Everspin Technologies

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.