Insider Selling: Atomera (NASDAQ:ATOM) CFO Sells $23,755.05 in Stock

Atomera Incorporated (NASDAQ:ATOM) CFO Francis Laurencio sold 4,799 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $4.95, for a total value of $23,755.05. Following the completion of the transaction, the chief financial officer directly owned 145,459 shares in the company, valued at $720,022.05. The trade was a 3.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Atomera Stock Down 0.6%

Shares of NASDAQ:ATOM opened at $4.76 on Friday. The firm’s 50 day moving average price is $3.34 and its 200-day moving average price is $3.25. Atomera Incorporated has a twelve month low of $1.89 and a twelve month high of $7.73. The stock has a market capitalization of $184.21 million, a PE ratio of -7.32 and a beta of 0.93.

Atomera (NASDAQ:ATOM) last announced its earnings results on Thursday, February 12th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.14). The business had revenue of $0.05 million for the quarter, compared to the consensus estimate of $0.10 million.

Hedge Funds Weigh In On Atomera

A number of hedge funds have recently made changes to their positions in the business. Police & Firemen s Retirement System of New Jersey bought a new stake in Atomera during the 2nd quarter valued at approximately $35,000. The Manufacturers Life Insurance Company purchased a new stake in Atomera during the 2nd quarter valued at approximately $53,000. HRT Financial LP purchased a new stake in Atomera during the 4th quarter valued at approximately $29,000. Alliancebernstein L.P. bought a new stake in shares of Atomera during the third quarter valued at approximately $61,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Atomera by 3,414.6% in the second quarter. JPMorgan Chase & Co. now owns 14,234 shares of the technology company’s stock worth $72,000 after buying an additional 13,829 shares in the last quarter. Institutional investors own 30.79% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Atomera from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company 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.