Sanjeev Aggarwal Sells 30,885 Shares of Everspin Tech (NASDAQ:MRAM) Stock

Everspin Tech (NASDAQ:MRAM) CEO Sanjeev Aggarwal sold 30,885 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $22.34, for a total value of $689,970.90. Following the completion of the sale, the chief executive officer owned 839,561 shares of the company’s stock, valued at $18,755,792.74. The trade was a 3.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, May 4th, Sanjeev Aggarwal sold 28,459 shares of Everspin Tech stock. The stock was sold at an average price of $19.58, for a total transaction of $557,227.22.

Everspin Tech Stock Down 9.9%

Shares of NASDAQ MRAM opened at $17.68 on Wednesday. The firm’s fifty day moving average is $26.33 and its 200 day moving average is $16.30. Everspin Tech has a 52 week low of $5.76 and a 52 week high of $51.50. The company has a market cap of $414.56 million, a price-to-earnings ratio of 1,769.77 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 (EPS) for the quarter. Everspin Tech had a net margin of 0.50% and a return on equity of 4.78%. The business had revenue of $14.87 million for the quarter, compared to analyst estimates of $14.60 million. Everspin Tech has set its Q2 2026 guidance at 0.000-0.030 EPS.

Hedge Funds Weigh In On Everspin Tech

Institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in Everspin Tech in the second quarter worth about $25,000. Kestra Advisory Services LLC bought a new position in shares of Everspin Tech in the 4th quarter worth approximately $41,000. Occudo Quantitative Strategies LP bought a new position in shares of Everspin Tech in the 2nd quarter worth approximately $70,000. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Everspin Tech in the 3rd quarter valued at approximately $82,000. Finally, Fortitude Advisory Group L.L.C. purchased a new position in shares of Everspin Tech in the 1st quarter valued at approximately $99,000. 44.68% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MRAM. Needham & Company LLC boosted their price target on Everspin Tech from $14.00 to $18.50 and gave the company a “buy” rating in a report on Thursday, April 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Everspin Tech in a research report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $18.50.

About Everspin Tech

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.