Shareholders Can't Ignore US$1.3m Of Sales By Everspin Technologies Insiders

Despite the fact that Everspin Technologies, Inc. (NASDAQ:MRAM) stock rose 10% last week, insiders who sold US$1.3m worth of stock in the previous 12 months are likely to be better off. Selling at an average price of US$7.41, which is higher than the current price might have been the right call as holding on to stock would have meant their investment would be worth less now than it was at the time of sale.

Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.

See our latest analysis for Everspin Technologies

Everspin Technologies Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the insider, Anuj Aggarwal, for US$164k worth of shares, at about US$8.21 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of US$6.34. So it may not shed much light on insider confidence at current levels.

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 want to know exactly who sold, for how much, and when, simply click on the graph below!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insiders At Everspin Technologies Have Sold Stock Recently

The last quarter saw substantial insider selling of Everspin Technologies shares. Specifically, insiders ditched US$140k worth of shares in that time, and we didn't record any purchases whatsoever. Overall this makes us a bit cautious, but it's not the be all and end all.

Insider Ownership Of Everspin Technologies

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 4.8% of Everspin Technologies shares, worth about US$6.3m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.

So What Do The Everspin Technologies Insider Transactions Indicate?

Insiders sold stock recently, but they haven't been buying. And there weren't any purchases to give us comfort, over the last year. When you combine this with the relatively low insider ownership, we are very cautious about the stock. We'd certainly practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Everspin Technologies. At Simply Wall St, we found 4 warning signs for Everspin Technologies that deserve your attention before buying any shares.

Of course Everspin Technologies may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

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.