Everspin Technologies, Inc. (NASDAQ:MRAM) VP David Schrenk Sells 3,789 Shares

Everspin Technologies, Inc. (NASDAQ:MRAM - Get Free Report) VP David Schrenk sold 3,789 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $5.77, for a total transaction of $21,862.53. Following the completion of the transaction, the vice president now owns 110,330 shares in the company, valued at approximately $636,604.10. This trade represents a 3.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

David Schrenk also recently made the following trade(s):

• On Monday, May 5th, David Schrenk sold 20,000 shares of Everspin Technologies stock. The shares were sold at an average price of $5.70, for a total transaction of $114,000.00.
• On Tuesday, March 18th, David Schrenk sold 2,435 shares of Everspin Technologies stock. The shares were sold at an average price of $5.13, for a total transaction of $12,491.55.

Everspin Technologies Trading Down 1.1%

Shares of NASDAQ:MRAM traded down $0.06 on Friday, reaching $5.61. 66,929 shares of the company's stock were exchanged, compared to its average volume of 117,851. The company has a fifty day moving average of $5.42 and a 200-day moving average of $5.80. Everspin Technologies, Inc. has a twelve month low of $4.34 and a twelve month high of $7.00. The company has a market capitalization of $126.04 million, a price-to-earnings ratio of 93.50 and a beta of 0.31.

Everspin Technologies (NASDAQ:MRAM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The business services provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). Everspin Technologies had a return on equity of 2.74% and a net margin of 2.85%. The firm had revenue of $13.20 million for the quarter, compared to analyst estimates of $12.50 million.

Institutional Trading of Everspin Technologies

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in Everspin Technologies by 49.3% during the third quarter. JPMorgan Chase & Co. now owns 58,668 shares of the business services provider's stock worth $346,000 after purchasing an additional 19,367 shares during the last quarter. Total Clarity Wealth Management Inc. bought a new position in shares of Everspin Technologies in the 4th quarter valued at $162,000. Bailard Inc. bought a new position in shares of Everspin Technologies in the 4th quarter valued at $292,000. Charles Schwab Investment Management Inc. increased its stake in shares of Everspin Technologies by 9.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 59,283 shares of the business services provider's stock valued at $379,000 after purchasing an additional 5,059 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Everspin Technologies in the 4th quarter valued at $75,000. Institutional investors and hedge funds own 44.68% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on MRAM. Needham & Company LLC began coverage on shares of Everspin Technologies in a research report on Thursday, May 1st. They set a "buy" rating on the stock. Wall Street Zen lowered shares of Everspin Technologies from a "buy" rating to a "hold" rating in a research report on Friday, February 28th.

Everspin Technologies 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.