Anyone interested in Everspin Technologies, Inc. (NASDAQ:MRAM) should probably be aware that the President, Sanjeev Aggarwal, recently divested US$106k worth of shares in the company, at an average price of US$6.01 each. On the bright side, that sale was only 9.6% of their holding, so we doubt it's very meaningful, on its own.

Everspin Technologies Insider Transactions Over The Last Year

In fact, the recent sale by President Sanjeev Aggarwal was not their only sale of Everspin Technologies shares this year. They previously made an even bigger sale of -US$332k worth of shares at a price of US$9.80 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$6.04. 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 the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

If you are like me, then you will not want to miss this free list of small cap stocks that are not only being bought by insiders but also have attractive valuations.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 4.5% of Everspin Technologies shares, worth about US$5.8m, according to our data. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

So What Do The Everspin Technologies Insider Transactions Indicate?

Insiders sold Everspin Technologies shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. On the plus side, Everspin Technologies makes money, and is growing profits. 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. For example, Everspin Technologies has 4 warning signs (and 1 which is concerning) we think you should know about.

But note: Everspin Technologies may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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.

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