Everspin Tech (NASDAQ:MRAM) CEO Sells $86,457.14 in Stock

Everspin Tech (NASDAQ:MRAM - Get Free Report) CEO Sanjeev Aggarwal sold 12,677 shares of the business's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $6.82, for a total value of $86,457.14. Following the completion of the transaction, the chief executive officer owned 595,029 shares of the company's stock, valued at $4,058,097.78. This represents a 2.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, July 2nd, Sanjeev Aggarwal sold 17,327 shares of Everspin Tech stock. The shares were sold at an average price of $6.47, for a total value of $112,105.69.

Everspin Tech Price Performance

Everspin Tech stock traded down $0.12 during midday trading on Monday, reaching $6.72. 105,282 shares of the company traded hands, compared to its average volume of 114,269. Everspin Tech has a 12 month low of $4.34 and a 12 month high of $7.09. The business has a 50 day moving average of $6.01 and a two-hundred day moving average of $5.79. The firm has a market capitalization of $151.00 million, a price-to-earnings ratio of -336.00 and a beta of 0.20.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC started coverage on Everspin Tech in a research report on Thursday, May 1st. They issued a "buy" rating for the company.

Institutional Investors Weigh In On Everspin Tech

A number of hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its stake in shares of Everspin Tech by 9.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 59,283 shares of the business services provider's stock worth $379,000 after buying an additional 5,059 shares during the last quarter. Virtu Financial LLC purchased a new stake in Everspin Tech during the fourth quarter valued at $75,000. Geode Capital Management LLC lifted its holdings in Everspin Tech by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 428,480 shares of the business services provider's stock valued at $2,739,000 after acquiring an additional 15,601 shares during the period. Wells Fargo & Company MN boosted its position in Everspin Tech by 42.3% in the fourth quarter. Wells Fargo & Company MN now owns 10,635 shares of the business services provider's stock worth $68,000 after purchasing an additional 3,159 shares during the last quarter. Finally, Barclays PLC boosted its position in Everspin Tech by 6.4% in the fourth quarter. Barclays PLC now owns 56,004 shares of the business services provider's stock worth $357,000 after purchasing an additional 3,350 shares during the last quarter. 44.68% of the stock is currently owned by hedge funds and other institutional investors.

Everspin Tech 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.

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