Atomera (NASDAQ:ATOM) CFO Francis Laurencio Sells 20,400 Shares of Stock

Atomera Incorporated (NASDAQ:ATOM) CFO Francis Laurencio sold 20,400 shares of Atomera stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $9.44, for a total value of $192,576.00. Following the completion of the transaction, the chief financial officer directly owned 253,353 shares in the company, valued at $2,391,652.32. This represents a 7.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Atomera Stock Performance

ATOM opened at $8.17 on Thursday. Atomera Incorporated has a 1 year low of $1.89 and a 1 year high of $12.36. The firm has a 50 day moving average price of $7.98 and a 200 day moving average price of $5.00. The company has a market cap of $316.34 million, a PE ratio of -12.57 and a beta of 2.04.

Atomera (NASDAQ:ATOM) last issued its earnings results on Tuesday, May 5th. The technology company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.04). The firm had revenue of $0.01 million during the quarter, compared to the consensus estimate of $0.08 million.

Hedge Funds Weigh In On Atomera

Institutional investors have recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in shares of Atomera by 98.3% in the 2nd quarter. Geode Capital Management LLC now owns 719,509 shares of the technology company’s stock worth $3,627,000 after acquiring an additional 356,579 shares during the period. Marshall Wace LLP bought a new position in Atomera in the 4th quarter worth about $396,000. Renaissance Technologies LLC bought a new stake in shares of Atomera during the first quarter valued at approximately $621,000. Jane Street Group LLC raised its stake in Atomera by 243.1% during the 4th quarter. Jane Street Group LLC now owns 171,424 shares of the technology company’s stock valued at $379,000 after acquiring an additional 121,457 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Atomera during the fourth quarter valued at about $213,000. Institutional investors own 30.79% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on ATOM. Wall Street Zen upgraded shares of Atomera from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings reissued a “sell (e+)” rating on shares of Atomera in a report on Friday, May 15th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Atomera Company Profile

Atomera Inc is a materials engineering company that develops and licenses advanced thin film technologies for the semiconductor industry. Its flagship offering, Mears Silicon Technology (MST), is designed to enhance transistor performance, improve power efficiency and boost device yields. Atomera’s solutions are integrated into existing fabrication processes without major changes to equipment or materials flows, enabling foundries and integrated device manufacturers to adopt the technology with minimal disruption.

At the core of Atomera’s business model is the licensing and patent-licensing of MST.