Atomera (NASDAQ:ATOM) CFO Sells $192,576.00 in Stock

Atomera Incorporated (NASDAQ:ATOM) CFO Francis Laurencio sold 20,400 shares of Atomera stock in a transaction on Monday, June 15th. The stock was sold at an average price of $9.44, for a total value of $192,576.00. Following the completion of the sale, the chief financial officer directly owned 253,353 shares of the company’s stock, valued at approximately $2,391,652.32. The trade was a 7.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Atomera Price Performance

Shares of NASDAQ:ATOM opened at $9.00 on Friday. The company has a market cap of $348.44 million, a P/E ratio of -13.85 and a beta of 2.04. Atomera Incorporated has a 1 year low of $1.89 and a 1 year high of $12.36. The stock’s fifty day moving average price is $8.17 and its 200-day moving average price is $5.08.

Atomera (NASDAQ:ATOM) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.04). The company had revenue of $0.01 million during the quarter, compared to the consensus estimate of $0.07 million.

Institutional Trading of Atomera

Several large investors have recently modified their holdings of ATOM. Geode Capital Management LLC lifted its holdings in Atomera by 98.3% in the second quarter. Geode Capital Management LLC now owns 719,509 shares of the technology company’s stock valued at $3,627,000 after acquiring an additional 356,579 shares during the period. Marshall Wace LLP purchased a new position in Atomera in the fourth quarter worth about $396,000. Renaissance Technologies LLC bought a new stake in shares of Atomera during the 1st quarter valued at about $621,000. Jane Street Group LLC grew its stake in shares of 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 purchasing an additional 121,457 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of Atomera during the 4th quarter valued at about $213,000. Institutional investors own 30.79% of the company’s stock.

Analysts Set New Price Targets

ATOM has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Atomera in a research note on Friday, May 15th. Wall Street Zen upgraded shares of Atomera from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

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.