Glen Hawk, a director at Everspin Technologies Inc. (NASDAQ:MRAM), sold a total of 48,563 shares of common stock on May 15, 2026, for an aggregate value of approximately $1,843,109. The sales were executed at prices ranging from $37.10 to $39.97 per share.
The insider sale comes as the stock has surged over 509% in the past year and 353% over the last six months, with shares currently trading at $37.57. According to Bond.az analysis, the stock appears overvalued at current levels, trading at a high earnings multiple with a P/E ratio above 4,300.
The transactions occurred in multiple blocks throughout the day: Hawk sold 17,376 shares at a weighted average price of $37.10 (totaling $644,793), 21,369 shares at $38.09 ($813,923), 9,418 shares at $39.13 ($368,485), and 400 shares at $39.97 ($15,988).
Bond.az tips indicate the stock’s RSI suggests overbought territory following a 39% price jump last week. Following these sales, Glen Hawk directly owns 39,551 shares.
In other recent news, Everspin reported Q1 2026 earnings per share of $0.40, versus a forecast of $0.01. Revenue reached $14.9 million, above expectations of $14.63 million. The company also secured a $40 million contract with the U.S. Department of War for Toggle MRAM technology. Needham raised its price target to $18.50 from $14.00, maintaining a Buy rating.
