Sanjeev Aggarwal Sells 16,845 Shares of Everspin Technologies, Inc. (NASDAQ:MRAM) Stock

Everspin Technologies, Inc. (NASDAQ:MRAM - Get Free Report) CEO Sanjeev Aggarwal sold 16,845 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $5.00, for a total transaction of $84,225.00. Following the sale, the chief executive officer now directly owns 637,983 shares of the company's stock, valued at $3,189,915. This represents a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Sanjeev Aggarwal also recently made the following trade(s):

• On Friday, March 7th, Sanjeev Aggarwal sold 35,142 shares of Everspin Technologies stock. The stock was sold at an average price of $5.37, for a total transaction of $188,712.54.

Everspin Technologies Trading Down 3.7 %

Shares of Everspin Technologies stock traded down $0.17 during trading on Tuesday, hitting $4.40. 149,207 shares of the stock traded hands, compared to its average volume of 122,531. Everspin Technologies, Inc. has a 52-week low of $4.34 and a 52-week high of $8.06. The stock's fifty day simple moving average is $5.42 and its 200 day simple moving average is $5.94. The firm has a market cap of $97.42 million, a P/E ratio of 73.33 and a beta of 0.62.

Everspin Technologies (NASDAQ:MRAM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The business services provider reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business 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%.

Analyst Ratings Changes

Separately, StockNews.com lowered Everspin Technologies from a "buy" rating to a "hold" rating in a report on Friday, February 28th.

Hedge Funds Weigh In On Everspin Technologies

A number of large investors have recently added to or reduced their stakes in the company. Herald Investment Management Ltd grew its position in shares of Everspin Technologies by 20.0% in the 4th quarter. Herald Investment Management Ltd now owns 600,000 shares of the business services provider's stock worth $3,822,000 after buying an additional 100,000 shares during the last quarter. Geode Capital Management LLC boosted its stake in Everspin Technologies by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 428,480 shares of the business services provider's stock valued at $2,739,000 after acquiring an additional 15,601 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Everspin Technologies by 4.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 418,594 shares of the business services provider's stock worth $2,675,000 after acquiring an additional 16,032 shares during the last quarter. State Street Corp increased its holdings in shares of Everspin Technologies by 1.5% during the third quarter. State Street Corp now owns 219,393 shares of the business services provider's stock valued at $1,294,000 after acquiring an additional 3,298 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Everspin Technologies by 4.0% in the 4th quarter. Northern Trust Corp now owns 157,460 shares of the business services provider's stock valued at $1,006,000 after purchasing an additional 6,127 shares during the last quarter. 44.68% of the stock is currently owned by institutional investors.

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.