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

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

Atomera Stock Up 10.2%

ATOM stock opened at $9.00 on Friday. The firm has a 50 day moving average of $8.08 and a two-hundred day moving average of $5.05. Atomera Incorporated has a 12 month low of $1.89 and a 12 month high of $12.36. The company has a market capitalization of $348.48 million, a price-to-earnings ratio of -13.85 and a beta of 2.04.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Atomera in a report on Friday, May 15th. Wall Street Zen raised 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.com, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Quantum Private Wealth LLC increased its stake in shares of Atomera by 13.6% in the fourth quarter. Quantum Private Wealth LLC now owns 598,847 shares of the technology company’s stock worth $1,323,000 after purchasing an additional 71,739 shares during the period. AQR Capital Management LLC boosted its stake in Atomera by 25.2% during the 4th quarter. AQR Capital Management LLC now owns 22,210 shares of the technology company’s stock valued at $49,000 after purchasing an additional 4,475 shares during the period. Jain Global LLC bought a new stake in Atomera during the 4th quarter valued at approximately $69,000. HRT Financial LP acquired a new stake in Atomera in the 4th quarter valued at approximately $29,000. Finally, Aristides Capital LLC acquired a new stake in Atomera in the 4th quarter valued at approximately $74,000. Institutional investors and hedge funds own 30.79% of the company’s stock.

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.