Key Points
- CFO Francis Laurencio sold 4,799 shares at an average price of $4.95 for a total of $23,755.05, leaving him with 145,459 shares — a 3.19% reduction in his position.
- Atomera shares opened down 8.2% at $4.81, trade near their 50- and 200-day moving averages (~$3.24), have a market cap of about $186.2 million and a negative P/E of -7.40; the company reported EPS of ($0.14) in the quarter (matching estimates) but missed revenue expectations ($0.05M vs. $0.10M).
- Wall Street Zen upgraded Atomera from "sell" to "hold," but the consensus rating remains "Sell," and institutional investors own roughly 30.8% of the stock.
Atomera Incorporated (NASDAQ:ATOM - Get Free Report) CFO Francis Laurencio sold 4,799 shares of the business's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $4.95, for a total transaction of $23,755.05. Following the completion of the transaction, the chief financial officer owned 145,459 shares in the company, valued at approximately $720,022.05. The trade was a 3.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Atomera Trading Down 8.2%
Shares of ATOM opened at $4.81 on Wednesday. The firm's fifty day simple moving average is $3.24 and its two-hundred day simple moving average is $3.23. Atomera Incorporated has a 12 month low of $1.89 and a 12 month high of $7.73. The stock has a market capitalization of $186.15 million, a P/E ratio of -7.40 and a beta of 0.93.
Atomera (NASDAQ:ATOM - Get Free Report) last posted its quarterly earnings data on Thursday, February 12th. The technology company reported ($0.14) earnings per share for the quarter, hitting the consensus estimate of ($0.14). The business had revenue of $0.05 million during the quarter, compared to the consensus estimate of $0.10 million.
Institutional Trading of Atomera
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ATOM. HRT Financial LP bought a new position in Atomera in the fourth quarter worth approximately $29,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Atomera during the second quarter worth approximately $35,000. AQR Capital Management LLC lifted its holdings in shares of Atomera by 25.2% in the 4th quarter. AQR Capital Management LLC now owns 22,210 shares of the technology company's stock worth $49,000 after purchasing an additional 4,475 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Atomera in the 2nd quarter valued at $53,000. Finally, Alliancebernstein L.P. bought a new stake in Atomera during the 3rd quarter valued at $61,000. 30.79% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded Atomera from a "sell" rating to a "hold" rating in a report on Saturday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Atomera currently has a consensus rating of "Sell".
Read Our Latest Analysis on ATOM
Atomera Company Profile
(
Get Free Report)
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.
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