Everspin Technologies, Inc. (NASDAQ:MRAM) VP Sells $21,862.53 in Stock

Everspin Technologies, Inc. (NASDAQ:MRAM - Get Free Report) VP David Schrenk sold 3,789 shares of Everspin Technologies stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $5.77, for a total value of $21,862.53. Following the completion of the sale, the vice president now owns 110,330 shares in the company, valued at approximately $636,604.10. This represents a 3.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 value 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 Up 2.5%

MRAM traded up $0.14 during trading on Tuesday, reaching $5.72. The stock had a trading volume of 16,369 shares, compared to its average volume of 117,318. The company has a market capitalization of $128.51 million, a price-to-earnings ratio of 95.33 and a beta of 0.31. The stock's 50 day moving average is $5.43 and its two-hundred day moving average is $5.80. Everspin Technologies, Inc. has a one year low of $4.34 and a one year high of $7.00.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wall Street Zen lowered shares of Everspin Technologies from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Needham & Company LLC started coverage on shares of Everspin Technologies in a research note on Thursday, May 1st. They issued a "buy" rating for the company.

Institutional Trading of Everspin Technologies

Hedge funds and other institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN lifted its position in Everspin Technologies by 42.3% during the 4th quarter. Wells Fargo & Company MN now owns 10,635 shares of the business services provider's stock valued at $68,000 after acquiring an additional 3,159 shares during the period. Wolverine Trading LLC bought a new position in shares of Everspin Technologies during the fourth quarter valued at approximately $71,000. Virtu Financial LLC purchased a new position in shares of Everspin Technologies during the fourth quarter valued at approximately $75,000. Occudo Quantitative Strategies LP bought a new stake in shares of Everspin Technologies in the 4th quarter worth approximately $97,000. Finally, Bank of America Corp DE boosted its position in shares of Everspin Technologies by 43.0% in the 4th quarter. Bank of America Corp DE now owns 17,251 shares of the business services provider's stock worth $110,000 after purchasing an additional 5,186 shares in the last quarter. 44.68% of the stock is owned by hedge funds and other institutional investors.

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.