Everspin Technologies, Inc. (NASDAQ:MRAM) VP David Schrenk Sells 2,412 Shares of Stock

Everspin Technologies, Inc. (NASDAQ:MRAM) VP David Schrenk sold 2,412 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $5.23, for a total transaction of $12,614.76. Following the completion of the transaction, the vice president now directly owns 103,909 shares in the company, valued at $543,444.07. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, August 28th, David Schrenk sold 2,396 shares of Everspin Technologies stock. The stock was sold at an average price of $5.60, for a total transaction of $13,417.60.

Everspin Technologies Trading Up 0.3 %

NASDAQ:MRAM opened at $6.00 on Friday. The firm has a 50-day moving average price of $5.72 and a two-hundred day moving average price of $6.48. The company has a market capitalization of $129.13 million, a P/E ratio of 16.22 and a beta of 0.90. Everspin Technologies, Inc. has a twelve month low of $4.89 and a twelve month high of $10.50.

Everspin Technologies (NASDAQ:MRAM) last posted its earnings results on Wednesday, July 31st. The business services provider reported ($0.12) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.12). The firm had revenue of $10.64 million for the quarter. Everspin Technologies had a return on equity of 3.16% and a net margin of 2.92%.

Institutional Trading of Everspin Technologies

Large investors have recently made changes to their positions in the stock. Principal Securities Inc. acquired a new position in shares of Everspin Technologies in the fourth quarter valued at approximately $32,000. Mackenzie Financial Corp acquired a new stake in shares of Everspin Technologies during the second quarter worth $70,000. Trexquant Investment LP acquired a new stake in shares of Everspin Technologies during the fourth quarter worth $171,000. Rhumbline Advisers purchased a new stake in shares of Everspin Technologies in the second quarter valued at $129,000. Finally, Victory Capital Management Inc. increased its stake in Everspin Technologies by 70.4% in the fourth quarter. Victory Capital Management Inc. now owns 25,535 shares of the business services provider’s stock valued at $231,000 after purchasing an additional 10,547 shares during the last quarter. Institutional investors and hedge funds own 44.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Everspin Technologies in a report on Thursday, August 1st. StockNews.com lowered Everspin Technologies from a “buy” rating to a “hold” rating in a report on Thursday, July 25th.

About Everspin Technologies

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.