Insider Selling: Atomera Incorporated (NASDAQ:ATOM) CFO Sells 2,457 Shares of Stock

Atomera Incorporated (NASDAQ:ATOM) CFO Francis Laurencio sold 2,457 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $5.91, for a total transaction of $14,520.87. Following the sale, the chief financial officer now directly owns 185,809 shares in the company, valued at approximately $1,098,131.19. This trade represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Atomera Stock Up 7.5 %

Shares of NASDAQ ATOM opened at $6.01 on Thursday. The business has a 50-day simple moving average of $9.17 and a two-hundred day simple moving average of $6.12. The company has a quick ratio of 5.25, a current ratio of 5.25 and a debt-to-equity ratio of 0.05. Atomera Incorporated has a 52 week low of $2.31 and a 52 week high of $17.55. The company has a market cap of $172.96 million, a P/E ratio of -8.84 and a beta of 1.38.

Atomera (NASDAQ:ATOM) last issued its quarterly earnings results on Tuesday, February 11th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.02). Atomera had a negative net margin of 13,655.55% and a negative return on equity of 106.81%.

Institutional Trading of Atomera

Institutional investors and hedge funds have recently made changes to their positions in the stock. Consolidated Planning Corp purchased a new stake in shares of Atomera in the 3rd quarter valued at $40,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Atomera during the third quarter worth about $44,000. XTX Topco Ltd purchased a new position in shares of Atomera during the third quarter valued at approximately $76,000. SLT Holdings LLC purchased a new position in Atomera during the 4th quarter valued at $116,000. Finally, Barclays PLC bought a new position in Atomera in the fourth quarter worth about $116,000. Hedge funds and other institutional investors own 30.79% of the company’s stock.

About Atomera

Atomera Incorporated engages in the developing, commercializing, and licensing proprietary processes and technologies for the semiconductor industry in North America and the Asia Pacific. The company's lead technology is the Mears Silicon Technology, a thin film of reengineered silicon that can be applied as a transistor channel enhancement to CMOS-type transistors.