Still betting on Nvidia? Our AI picked this stock instead; it’s up 96%+ THIS MONTH
David Schrenk, Vice President of Sales & Business Development at Everspin Technologies Inc . (NASDAQ:MRAM), has recently sold shares of the company’s common stock. According to a filing with the Securities and Exchange Commission, Schrenk sold a total of 3,789 shares at a price of $5.77 per share on May 28, 2025. The transaction amounted to a total value of $21,862.
Following the sale, Schrenk retains ownership of 110,330 shares. The filing notes that the shares were sold solely to cover taxes due upon the vesting of Restricted Stock Units.
In other recent news, Everspin Technologies reported its first quarter 2025 earnings, surpassing expectations with a revenue of $13.1 million compared to a forecast of $12.3 million. The company achieved an earnings per share of $0.02, outperforming the anticipated loss of $0.02. Everspin continues to strengthen its presence in the automotive, aerospace, and defense sectors with its MRAM technology. The company has set its revenue guidance for the second quarter of 2025 between $12.5 million and $13.5 million. In addition to its earnings report, Everspin received an upgrade from Needham, which now rates the stock as a Buy, with a price target of $8.00. Analyst Nick Doyle highlighted the company’s revenue trends and potential in the satellite industry as key factors for the upgrade. Everspin’s strategic partnerships and licensing agreements are also anticipated to contribute to future growth. The company’s recent product launches are expected to expand its opportunities in the satellite sector by 2026.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.