Everspin Tech (NASDAQ:MRAM) CFO Sells $239,250.00 in Stock

Key Points

• CFO William Earl Cooper sold 11,000 shares on May 6 at an average price of $21.75 for $239,250, reducing his stake by 6.39% to 161,030 shares (valued ≈ $3.50M), per an SEC filing.
• Everspin reported quarterly EPS of $0.11 and revenue of $14.87M (vs. $14.60M expected), set Q2 guidance of $0.000–0.030 EPS, and carries a MarketBeat consensus rating of Hold with a $18.50 price target.
• The stock traded at $21.51 (down $0.05) on heavy volume of ~2.81M shares vs. an average of ~1.01M, sits near its 52-week high of $22.69, and shows an atypically high reported P/E of 2,153.15.

Everspin Tech (NASDAQ:MRAM - Get Free Report) CFO William Earl Cooper sold 11,000 shares of Everspin Tech stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $21.75, for a total transaction of $239,250.00. Following the sale, the chief financial officer directly owned 161,030 shares in the company, valued at approximately $3,502,402.50. This trade represents a 6.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 Trading Down 0.2%

MRAM traded down $0.05 on Thursday, hitting $21.51. 2,813,645 shares of the company's stock were exchanged, compared to its average volume of 1,008,915. Everspin Tech has a fifty-two week low of $5.49 and a fifty-two week high of $22.69. The firm has a 50-day moving average price of $10.97 and a 200-day moving average price of $10.55. The stock has a market cap of $504.37 million, a price-to-earnings ratio of 2,153.15 and a beta of 1.75.

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

Institutional Trading of Everspin Tech

A number of institutional investors and hedge funds have recently bought and sold shares of MRAM. Raymond James Financial Inc. acquired a new position in shares of Everspin Tech during the second quarter worth about $25,000. Kestra Advisory Services LLC purchased a new stake in Everspin Tech in the fourth quarter valued at approximately $41,000. Occudo Quantitative Strategies LP purchased a new stake in Everspin Tech in the second quarter valued at approximately $70,000. Gordian Capital Singapore Pte Ltd purchased a new stake in Everspin Tech in the third quarter valued at approximately $82,000. Finally, Fortitude Advisory Group L.L.C. purchased a new stake in shares of Everspin Tech during the first quarter worth approximately $99,000. 44.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MRAM. Wall Street Zen lowered Everspin Tech from a "buy" rating to a "hold" rating in a report on Saturday, February 7th. Needham & Company LLC lifted their price target on Everspin Tech from $14.00 to $18.50 and gave the stock a "buy" rating in a report on Thursday, April 30th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Everspin Tech in a report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average 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.

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