Insider Selling: Atomera (NASDAQ:ATOM) CFO Sells 20,400 Shares of Stock

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

Atomera Stock Performance

Shares of NASDAQ:ATOM traded down $0.64 during midday trading on Wednesday, reaching $8.17. 1,239,635 shares of the company’s stock traded hands, compared to its average volume of 1,398,188. Atomera Incorporated has a 1 year low of $1.89 and a 1 year high of $12.36. The company has a market cap of $316.34 million, a P/E ratio of -12.57 and a beta of 2.04. The company has a fifty day simple moving average of $7.98 and a two-hundred day simple moving average of $5.00.

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

Analyst Upgrades and Downgrades

ATOM has been the topic of a number of research reports. Wall Street Zen upgraded Atomera from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings restated 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, According to MarketBeat, Atomera has a consensus rating of “Sell”.

Institutional Trading of Atomera

Hedge funds and other institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company acquired a new stake in shares of Atomera in the 2nd quarter worth $53,000. HRT Financial LP acquired a new stake in shares of Atomera in the 4th quarter worth $29,000. Alliancebernstein L.P. acquired a new stake in shares of Atomera in the 3rd quarter worth $61,000. Abel Hall LLC purchased a new stake in shares of Atomera in the 1st quarter valued at approximately $53,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Atomera by 3,414.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 14,234 shares of the technology company’s stock valued at $72,000 after buying an additional 13,829 shares during the period. 30.79% of the stock is owned by institutional investors and hedge funds.

About Atomera

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.