Have Insiders Sold Everspin Technologies Shares Recently?

Anyone interested in Everspin Technologies, Inc. (NASDAQ:MRAM) should probably be aware that the President, Sanjeev Aggarwal, recently divested US$112k worth of shares in the company, at an average price of US$6.47 each. However, the silver lining is that the sale only reduced their total holding by 7.3%, so we're hesitant to read anything much into it, on its own.

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The Last 12 Months Of Insider Transactions At Everspin Technologies

Notably, that recent sale by President Sanjeev Aggarwal was not the only time they sold Everspin Technologies shares this year. Earlier in the year, they fetched US$6.29 per share in a -US$176k sale. That means that even when the share price was below the current price of US$6.89, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. We note that the biggest single sale was only 11% of Sanjeev Aggarwal's holding.

Insiders in Everspin Technologies didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

View our latest analysis for Everspin Technologies

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Does Everspin Technologies Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 5.7% of Everspin Technologies shares, worth about US$8.7m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.

So What Does This Data Suggest About Everspin Technologies Insiders?

Insiders sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. When you consider that most companies have higher levels of insider ownership, we're a little wary. We'd certainly practice some caution before buying! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. You'd be interested to know, that we found 2 warning signs for Everspin Technologies and we suggest you have a look.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.