Jump Financial LLC Has $261,000 Stock Holdings in Everspin Technologies, Inc. (NASDAQ:MRAM)

Jump Financial LLC lifted its position in shares of Everspin Technologies, Inc. (NASDAQ:MRAM) by 55.9% during the 4th quarter, Holdings Channel reports. The firm owned 28,899 shares of the business services provider’s stock after purchasing an additional 10,357 shares during the quarter. Jump Financial LLC’s holdings in Everspin Technologies were worth $261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Principal Securities Inc. acquired a new position in shares of Everspin Technologies during the 4th quarter worth about $32,000. AJOVista LLC acquired a new position in Everspin Technologies in the 4th quarter valued at about $43,000. Silverberg Bernstein Capital Management LLC acquired a new position in Everspin Technologies in the 4th quarter valued at about $93,000. Barclays PLC acquired a new position in Everspin Technologies in the 3rd quarter valued at about $99,000. Finally, Victory Capital Management Inc. grew its stake in Everspin Technologies by 70.4% in the 4th quarter. Victory Capital Management Inc. now owns 25,535 shares of the business services provider’s stock valued at $231,000 after buying an additional 10,547 shares during the last quarter. 44.68% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Everspin Technologies news, CFO Anuj Aggarwal sold 12,852 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $7.84, for a total transaction of $100,759.68. Following the transaction, the chief financial officer now owns 289,924 shares in the company, valued at approximately $2,273,004.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Sanjeev Aggarwal sold 17,452 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $7.84, for a total transaction of $136,823.68. Following the completion of the sale, the chief executive officer now owns 476,679 shares of the company’s stock, valued at approximately $3,737,163.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Anuj Aggarwal sold 12,852 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $7.84, for a total transaction of $100,759.68. Following the sale, the chief financial officer now directly owns 289,924 shares of the company’s stock, valued at approximately $2,273,004.16. The disclosure for this sale can be found here. Insiders have sold a total of 72,968 shares of company stock worth $590,033 in the last quarter. Corporate insiders own 6.10% of the company’s stock.

Everspin Technologies Stock Up 1.5 %

Shares of NASDAQ:MRAM opened at $6.05 on Monday. The company’s 50 day moving average price is $7.21 and its two-hundred day moving average price is $8.19. Everspin Technologies, Inc. has a 12-month low of $5.89 and a 12-month high of $10.50. The firm has a market cap of $130.20 million, a PE ratio of 16.35 and a beta of 0.99.

Everspin Technologies (NASDAQ:MRAM) last announced its earnings results on Wednesday, May 1st. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). Everspin Technologies had a return on equity of 15.70% and a net margin of 12.77%. The business had revenue of $14.43 million for the quarter. During the same quarter in the previous year, the firm posted $0.04 EPS.

Wall Street Analyst Weigh In

A number of research analysts recently commented on MRAM shares. Craig Hallum decreased their price target on shares of Everspin Technologies from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Needham & Company LLC decreased their price target on shares of Everspin Technologies from $12.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Finally, StockNews.com lowered shares of Everspin Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th.

Everspin Technologies Company Profile

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.