David Schrenk Sells 2,435 Shares of Everspin Technologies, Inc. (NASDAQ:MRAM) Stock

Everspin Technologies, Inc. (NASDAQ:MRAM - Get Free Report) VP David Schrenk sold 2,435 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $5.13, for a total value of $12,491.55. Following the sale, the vice president now owns 134,119 shares of the company's stock, valued at approximately $688,030.47. This represents a 1.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Everspin Technologies Trading Down 0.4 %

Everspin Technologies stock traded down $0.02 during mid-day trading on Monday, hitting $5.19. The stock had a trading volume of 43,460 shares, compared to its average volume of 119,677. Everspin Technologies, Inc. has a one year low of $4.89 and a one year high of $8.25. The firm has a market capitalization of $114.91 million, a P/E ratio of 86.50 and a beta of 0.79. The firm's 50 day moving average is $5.81 and its 200 day moving average is $5.99.

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). The company had revenue of $13.20 million for the quarter, compared to analysts' expectations of $12.50 million. Everspin Technologies had a net margin of 2.85% and a return on equity of 2.74%.

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Institutional Investors Weigh In On Everspin Technologies

Hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN increased its stake in Everspin Technologies by 42.3% in the 4th quarter. Wells Fargo & Company MN now owns 10,635 shares of the business services provider's stock worth $68,000 after acquiring an additional 3,159 shares during the last quarter. Wolverine Trading LLC bought a new stake in Everspin Technologies in the fourth quarter worth $71,000. Virtu Financial LLC purchased a new stake in Everspin Technologies during the fourth quarter valued at $75,000. Jane Street Group LLC bought a new position in Everspin Technologies during the third quarter valued at $82,000. Finally, Occudo Quantitative Strategies LP purchased a new position in shares of Everspin Technologies in the 4th quarter worth $97,000. 44.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Everspin Technologies from a "buy" rating to a "hold" rating in a research note 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.