Everspin Tech (NASDAQ:MRAM) CFO William Earl Cooper Sells 1,549 Shares of Stock

Everspin Tech (NASDAQ:MRAM) CFO William Earl Cooper sold 1,549 shares of Everspin Tech stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $22.34, for a total transaction of $34,604.66. Following the completion of the transaction, the chief financial officer directly owned 149,481 shares of the company’s stock, valued at approximately $3,339,405.54. This represents a 1.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

William Earl Cooper also recently made the following trade(s):

• On Wednesday, May 20th, William Earl Cooper sold 10,000 shares of Everspin Tech stock. The shares were sold at an average price of $29.13, for a total transaction of $291,300.00.
• On Wednesday, May 6th, William Earl Cooper sold 11,000 shares of Everspin Tech stock. The stock was sold at an average price of $21.75, for a total transaction of $239,250.00.

Everspin Tech Stock Down 6.4%

Shares of NASDAQ MRAM opened at $18.36 on Tuesday. The firm’s 50-day moving average price is $26.25 and its two-hundred day moving average price is $16.23. Everspin Tech has a 52-week low of $5.76 and a 52-week high of $51.50. The stock has a market capitalization of $430.42 million, a P/E ratio of 1,872.37 and a beta of 1.88.

Everspin Tech (NASDAQ:MRAM) last announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported $0.11 earnings per share for the quarter. The business had revenue of $14.87 million for the quarter, compared to analysts’ expectations of $14.60 million. Everspin Tech had a return on equity of 4.78% and a net margin of 0.50%.Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.

Wall Street Analysts Forecast Growth

MRAM has been the subject of several analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Everspin Tech in a report on Wednesday, June 24th. Needham & Company LLC lifted their price objective on shares of Everspin Tech from $14.00 to $18.50 and gave the company a “buy” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $18.50.

Institutional Trading of Everspin Tech

Several large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in Everspin Tech during the 2nd quarter valued at $25,000. Kestra Advisory Services LLC bought a new position in shares of Everspin Tech in the fourth quarter worth $41,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of Everspin Tech in the third quarter worth $82,000. Algert Global LLC bought a new stake in shares of Everspin Tech during the third quarter valued at about $102,000. Finally, Occudo Quantitative Strategies LP bought a new stake in shares of Everspin Tech during the second quarter valued at about $70,000. 44.68% of the stock is currently owned by institutional investors and hedge funds.

Everspin Tech Company Profile

Everspin Technologies, Inc (NASDAQ: MRAM) is a semiconductor company specializing in the design, development and marketing of magnetoresistive random access memory (MRAM) solutions. Established in 2008 as a spin-out from Freescale Semiconductor, the company pioneered commercial MRAM products and continues to advance the technology through successive generations, including Toggle MRAM and spin-transfer torque (STT) MRAM. Everspin’s non-volatile memory devices offer a unique combination of performance, endurance and data retention for a variety of applications.

The company’s product portfolio includes discrete MRAM chips, embedded MRAM IP for integration into system-on-chip (SoC) designs and companion devices that leverage MRAM’s fast write speeds and low power consumption.