Everspin Technologies, Inc. (NASDAQ:MRAM) Insider Sells $871,306.10 in Stock

Everspin Technologies, Inc. (NASDAQ:MRAM) insider Stephen Socolof sold 70,210 shares of the firm’s stock in a transaction dated Tuesday, November 23rd. The shares were sold at an average price of $12.41, for a total value of $871,306.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Stephen Socolof also recently made the following trade(s):

  • On Friday, November 19th, Stephen Socolof sold 190,765 shares of Everspin Technologies stock. The shares were sold at an average price of $12.39, for a total value of $2,363,578.35.
  • On Friday, November 12th, Stephen Socolof sold 250,000 shares of Everspin Technologies stock. The stock was sold at an average price of $10.41, for a total value of $2,602,500.00.

MRAM stock opened at $12.20 on Thursday. Everspin Technologies, Inc. has a twelve month low of $4.30 and a twelve month high of $13.98. The company has a market cap of $239.22 million, a PE ratio of -243.95 and a beta of 1.48. The business’s 50-day simple moving average is $7.44 and its 200 day simple moving average is $6.51. The company has a quick ratio of 2.32, a current ratio of 2.93 and a debt-to-equity ratio of 0.10.

Everspin Technologies (NASDAQ:MRAM) last announced its quarterly earnings results on Thursday, November 11th. The business services provider reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.10. Everspin Technologies had a negative net margin of 1.95% and a negative return on equity of 4.80%. During the same quarter in the previous year, the business earned ($0.21) earnings per share.

Separately, Needham & Company LLC lifted their target price on Everspin Technologies from $10.00 to $12.00 and gave the stock a “strong-buy” rating in a research report on Friday, November 12th.

Institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC lifted its stake in Everspin Technologies by 246.2% during the third quarter. Barclays PLC now owns 5,217 shares of the business services provider’s stock worth $34,000 after purchasing an additional 3,710 shares during the period. Cutter & CO Brokerage Inc. bought a new position in Everspin Technologies during the second quarter worth about $64,000. Citadel Advisors LLC bought a new position in Everspin Technologies during the second quarter worth about $80,000. Jump Financial LLC bought a new position in Everspin Technologies during the third quarter worth about $101,000. Finally, Virtu Financial LLC bought a new position in Everspin Technologies during the second quarter worth about $126,000. Hedge funds and other institutional investors own 25.25% of the company’s stock.

About Everspin Technologies

Everspin Technologies, Inc engages in the provision of magnetoresistive random access memory (MRAM) solutions. Its products include Toggle MRAM, Spin-transfer Torque MRAM, nvNITRO Solutions, and Embedded MRAM. The company was founded by Saied Tehrani in June 2008 and is headquartered in Chandler, AZ.

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Insider Buying and Selling by Quarter for Everspin Technologies (NASDAQ:MRAM)

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