EVERSPIN TECH (NASDAQ:MRAM - Get Free Report) CEO Sanjeev Aggarwal sold 17,327 shares of the company's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $6.47, for a total value of $112,105.69. Following the completion of the transaction, the chief executive officer directly owned 607,706 shares in the company, valued at approximately $3,931,857.82. The trade was a 2.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Sanjeev Aggarwal also recently made the following trade(s):
- On Thursday, July 3rd, Sanjeev Aggarwal sold 12,677 shares of EVERSPIN TECH stock. The stock was sold at an average price of $6.82, for a total value of $86,457.14.
EVERSPIN TECH Stock Performance
Shares of NASDAQ MRAM traded down $0.04 during mid-day trading on Thursday, reaching $6.85. 61,148 shares of the company traded hands, compared to its average volume of 113,912. The stock has a market cap of $153.92 million, a PE ratio of -342.50 and a beta of 0.20. The company's fifty day moving average is $6.10 and its two-hundred day moving average is $5.81. EVERSPIN TECH has a fifty-two week low of $4.34 and a fifty-two week high of $7.02.
Institutional Trading of EVERSPIN TECH
Several hedge funds have recently added to or reduced their stakes in MRAM. Wells Fargo & Company MN boosted its stake in EVERSPIN TECH 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 purchasing an additional 3,159 shares during the period. Silverberg Bernstein Capital Management LLC bought a new stake in EVERSPIN TECH during the 2nd quarter valued at approximately $68,000. Wolverine Trading LLC bought a new stake in EVERSPIN TECH during the 4th quarter valued at approximately $71,000. Virtu Financial LLC bought a new stake in EVERSPIN TECH during the 4th quarter valued at approximately $75,000. Finally, Occudo Quantitative Strategies LP bought a new stake in EVERSPIN TECH during the 4th quarter valued at approximately $97,000. Institutional investors own 44.68% of the company's stock.
Analyst Ratings Changes
Separately, Needham & Company LLC began coverage on EVERSPIN TECH in a report on Thursday, May 1st. They set a "buy" rating on the stock.
Get Our Latest Stock Analysis on MRAM
EVERSPIN TECH Company Profile
(
Get Free Report)
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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