Investors may wish to note that the Chairman of the Board of Everspin Technologies, Inc., Darin Billerbeck, recently netted US$87k from selling stock, receiving an average price of US$8.73. It might not be a huge sale, but it did reduce their holding size 11%, hardly encouraging.
Check out our latest analysis for Everspin Technologies
Everspin Technologies Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the President, Sanjeev Aggarwal, sold 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. The silver lining is that this sell-down took place above the latest price (US$8.84). So it may not tell us anything about how insiders feel about the current share price.
In the last year Everspin Technologies insiders didn't buy any company stock. 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 like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).
Does Everspin Technologies Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. From our data, it seems that Everspin Technologies insiders own 3.7% of the company, worth about US$6.9m. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Does This Data Suggest About Everspin Technologies Insiders?
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. When you consider that most companies have higher levels of insider ownership, we're a little wary. So we'd only buy after very careful consideration. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To that end, you should learn about the 4 warning signs we've spotted with Everspin Technologies (including 1 which makes us a bit uncomfortable).
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.