MRAM EVERSPIN TECHNOLOGIES INC.
Price Chart
Executive Summary
Everspin's CEO and CFO sold a combined $796K in open-market sales within days of announcing a $40M U.S. Navy subcontract for Toggle MRAM development. The insider selling follows a material government contract win and comes as the stock trades near recent highs, raising questions about whether insiders view the current valuation as full.
Key Financial Metrics
Actionable Insight
The CEO and CFO selling within days of a $40M government contract win is a cautionary signal. While the selling is small relative to market cap, the timing suggests insiders may be taking profits near the stock's recent highs. Monitor for additional insider sales or a Form 144 filing; the contract itself is a positive catalyst but insider behavior warrants watching for near-term sentiment shifts.
Key Facts
- CEO Sanjeev Aggarwal sold 28,459 shares at $19.58 for $557K on May 4, 2026.
- CFO William Cooper sold 11,000 shares at $21.75 for $239K on May 6, 2026.
- Director Lawrence Finch received 637 shares via grant (non-cash, $0 value).
- Total open-market insider selling: $796K, representing ~0.16% of $506M market cap.
- On April 24, 2026, Everspin signed a $40M IDIQ subcontract with Amentum for the U.S. Navy's Toggle MRAM RDT&E program.
- The 30-month agreement has milestone payments and option periods through November 2028.
- Prior 30-day insider activity already showed 2 sells totaling $796K — this cluster is the same activity.
Financial Impact
Insider selling of $796K (0.16% of market cap) is modest in size but notable for involving both CEO and CFO immediately after a $40M government contract announcement.
Risk Factors
- Insider selling by both CEO and CFO immediately after a major contract announcement may signal limited upside conviction.
- The $40M contract is spread over 30 months with milestone-based payments, creating execution risk.
- Stock has rallied significantly (historical reports show +104% T+20 on a prior neutral filing), increasing vulnerability to profit-taking.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-MRAM-1778192402573 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 2, 2026
7d ago
|
Insider Cluster
| $28.57 $28.42 | ▲ +0.53% | ▲ +0.93% | $23.30 (+18.45%) |
|
May 21, 2026
19d ago
|
Insider Cluster
| $32.70 $29.97 | ▲ +8.35% | ▲ +8.36% | $23.30 (+28.75%) |
|
May 21, 2026
19d ago
|
Insider Cluster
| $33.68 $32.70 | ▲ +2.91% | ▲ +3.50% | $23.30 (+30.82%) |
|
May 21, 2026
19d ago
|
Insider Cluster
| $33.68 $32.70 | ▲ +2.91% | ▲ +3.50% | $23.30 (+30.82%) |
|
May 21, 2026
19d ago
|
Insider Cluster
| $33.68 $32.70 | ▲ +2.91% | ▲ +3.50% | $23.30 (+30.82%) |
|
May 20, 2026
20d ago
|
144
| $32.45 $33.68 | ▲ +3.79% | ▲ +3.34% | $23.30 (−28.20%) |
|
May 19, 2026
21d ago
|
Insider Cluster
| $28.94 $32.45 | ▼ −12.13% | ▼ −11.93% | $23.30 (+19.49%) |
|
May 19, 2026
21d ago
|
Insider Cluster
| $28.94 $32.45 | ▼ −12.13% | ▼ −11.93% | $23.30 (+19.49%) |
|
May 15, 2026
25d ago
|
Insider Cluster
| $33.35 $31.72 | ▼ −4.89% | ▼ −4.24% | $23.30 (−30.13%) |
|
May 11, 2026
29d ago
|
144
| $44.01 $44.01 | · 0.00% | ▼ −0.54% | $23.30 (−47.06%) |
US Market Status
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