Everspin Technologies, Inc. (NASDAQ:MRAM) produced a 244.39% rally since recording the worst price of $6.15. Thanks to the latest 6.01% increase, it now trades at $21.18. Throughout the trading on Jul. 3, 2017, the share price floated between $19.74 and $21.2. This company shares are -18.56% up from its target price of $17.25 and the current market capitalization stands at $272.16M. The recent change has given its price a 47.39% lead over SMA 50 and -8.33% deficit over its 52-week high. The stock witnessed 27.28% gains, 154.87% gains and 155.49% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found MRAM’s volatility during a week at 9.23% and during a month it has been found around 10.73%.Everspin Technologies, Inc. (MRAM) Top Holders
Institutional investors currently hold around $55 million or 58.3% in MRAM stock. Look at its top three institutional owners. Awm Investment Company, Inc. owns $15.92 million in Everspin Technologies, Inc., which represents roughly 5.85% of the company’s market cap and approximately 28.95% of the institutional ownership. Similar statistics are true for the second largest owner, Cooper Creek Partners Management Llc, which owns 481,825 shares of the stock are valued at $9.63 million. The third largest holder is Driehaus Capital Management Llc, which currently holds $6.09 million worth of this stock and that ownership represents nearly 2.24% of its market capitalization.Everspin Technologies, Inc. 13F Filings
At the end of Mar reporting period, 13 institutional holders increased their position in Everspin Technologies, Inc. (NASDAQ:MRAM) by some 580,102 shares, 9 decreased positions by 352,732 and 2 held positions by 1,814,819. That puts total institutional holdings at 2,747,653 shares, according to SEC filings. The stock grabbed 10 new institutional investments totaling 469,563 shares while 3 institutional investors sold out their entire positions totaling 137,994 shares.
Multiple company employees have indulged in significant insider trading. Everspin Technologies, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that 10% Owner Sigma Partners 8 LP has acquired 167,841 shares of Everspin Technologies, Inc. (MRAM) in trading session dated Oct. 13, 2016. These shares are worth $1,342,728 and were traded at $8 each. The SEC filing shows that Socolof Stephen performed a purchase of 250,000 shares. The Director, 10% Owner added these shares by way of transaction on Oct. 13, 2016. The company’s shares were assimilated at $8 per share worth to an investment of some $2,000,000 on account of Socolof Stephen.
10% Owner, NVPG IV, LLC, purchased 250,000 common shares of Everspin Technologies, Inc. (MRAM) in the open market. In a transaction dated Oct. 13, 2016, the shares were bought at an average price of $8, giving away a sum of $2,000,000. After this purchase, 2,260,991 common shares of MRAM are directly owned by the insider, with total stake valued at $47,887,789.
In the transaction dated Oct. 13, 2016, the great number of shares acquired came courtesy the Director; TATE GEOFFREY added a total of 13,986 shares at an average price of $8, amounting to approximately $111,888. The insider now directly owns 103,360 shares worth $2,189,165.Everspin Technologies, Inc. (MRAM) Analyst Guide
Several analysts have released their opinion on Everspin Technologies, Inc. (NASDAQ:MRAM), with 4 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1 average brokerage recommendation.