Yahoo Finance Insider Sell: CFO Anuj Aggarwal Disposes Shares of Everspin Technologies Inc (MRAM)
Everspin Technologies Inc (NASDAQ:MRAM), a leading provider of magnetoresistive random-access memory (NASDAQ:MRAM) solutions, has reported an insider sell according to a recent SEC filing. The company's Chief Financial Officer, Anuj Aggarwal, sold 12,852 shares of the company on April 2, 2024. The transaction was disclosed in an SEC Filing.Over the past year, the insider has sold a total of 85,990 shares and has not made any purchases of the company's stock. This latest transaction continues a trend of insider sells at Everspin Technologies Inc, with a total of 36 insider sells and no insider buys reported over the same period.
On the day of the sale, shares of Everspin Technologies Inc were trading at $7.84, resulting in a market capitalization of $164.92 million. The company's price-earnings ratio stands at 18.50, which is below both the industry median of 32.85 and the company's historical median price-earnings ratio.The stock's valuation, when compared to the GuruFocus Value (GF Value) of $8.09, indicates a price-to-GF-Value ratio of 0.97, suggesting that Everspin Technologies Inc is Fairly Valued.
The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on the company's past performance, and future business performance estimates provided by Morningstar analysts.Everspin Technologies Inc specializes in the development and manufacture of discrete and embedded MRAM, a type of non-volatile memory that retains data when power is turned off, offering faster write times and a greater number of write-erase cycles compared to traditional non-volatile memory products.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
