Everspin Technologies CEO Sanjeev Aggarwal Sells $112,105 Worth of MRAM Stock

Everspin Technologies' President & CEO Sanjeev Aggarwal has sold 17,327 shares of the company's stock, worth $112,105. The stock's overall score is driven by strong technical indicators and positive earnings call outcomes, but valuation concerns due to negative profitability metrics temper the score.

Everspin Technologies Inc. (NASDAQ:MRAM), a leading manufacturer of magnetic random-access memory (MRAM) technology, has seen its President and CEO, Sanjeev Aggarwal, sell a significant number of shares. On July 2 and July 3, 2025, Aggarwal sold 30,004 shares, totaling $198,562. The transactions were conducted at prices of $6.47 and a weighted average price of $6.82 per share, primarily to pay taxes due upon the vesting of Restricted Stock Units and under a Rule 10b5-1 trading plan [1].

The sale of shares by Aggarwal, who now directly owns 595,029 shares of Everspin Technologies, provides insights into the company's ownership structure and financial health. According to Simply Wall St, institutional investors hold 34% of the company's shares, with hedge funds owning 17% and the largest shareholder, AWM Investment Company Inc., holding 9.5% [2]. This substantial institutional ownership implies a significant influence over the company's share price.

Everspin Technologies' stock has shown strong longer-term trends, with a one-year return to shareholders currently at 8.7%. However, the company faces challenges, including negative profitability metrics that temper the overall positive score driven by strong technical indicators and positive earnings call outcomes. The company's market capitalization stands at $147 million, with insiders holding $8.3 million worth of shares, indicating some alignment with shareholders [2].

The sale of shares by Aggarwal and the ownership structure of Everspin Technologies highlight the importance of understanding the dynamics of insider trading and institutional ownership. While the company's strong technical indicators and earnings call outcomes are positive, the negative profitability metrics suggest a need for caution. Investors should continue to monitor the company's financial health and the potential risks associated with its ownership structure.

References:
[1] https://www.tradingview.com/news/tradingview:508f5ed18a8f2:0-everspin-technologies-ceo-sanjeev-aggarwal-sells-shares/
[2] https://simplywall.st/stocks/us/semiconductors/nasdaq-mram/everspin-technologies/news/a-great-week-that-adds-to-everspin-technologies-incs-nasdaqm