Insider Selling: Atomera Incorporated (NASDAQ:ATOM) CTO Sells 13,304 Shares of Stock

Atomera Incorporated (NASDAQ:ATOM) CTO Robert J. Mears sold 13,304 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $5.75, for a total transaction of $76,498.00. Following the transaction, the chief technology officer now directly owns 119,836 shares of the company’s stock, valued at $689,057. The sale was disclosed in a document filed with the SEC, which is available through this link.

Atomera Price Performance

Shares of NASDAQ:ATOM opened at $5.80 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 8.25 and a current ratio of 8.25. The business’s fifty day moving average price is $7.18 and its two-hundred day moving average price is $7.44. The stock has a market cap of $149.58 million, a PE ratio of -7.25 and a beta of 1.59. Atomera Incorporated has a one year low of $5.03 and a one year high of $12.12.

Atomera (NASDAQ:ATOM) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported ($0.21) earnings per share (EPS) for the quarter.

Institutional Trading of Atomera

Several institutional investors and hedge funds have recently made changes to their positions in ATOM. Royal Bank of Canada lifted its stake in shares of Atomera by 103.9% during the second quarter. Royal Bank of Canada now owns 3,210 shares of the technology company’s stock valued at $28,000 after buying an additional 1,636 shares during the period. BNP Paribas Arbitrage SNC lifted its stake in shares of Atomera by 194.4% during the first quarter. BNP Paribas Arbitrage SNC now owns 4,493 shares of the technology company’s stock valued at $29,000 after buying an additional 2,967 shares during the period. Barclays PLC lifted its position in Atomera by 533.6% during the fourth quarter. Barclays PLC now owns 5,538 shares of the technology company’s stock worth $34,000 after buying an additional 4,664 shares during the period. BNP Paribas Arbitrage SA lifted its position in Atomera by 150.3% during the second quarter. BNP Paribas Arbitrage SA now owns 4,796 shares of the technology company’s stock worth $45,000 after buying an additional 2,880 shares during the period. Finally, Citigroup Inc. purchased a new position in Atomera during the second quarter worth approximately $55,000. 33.61% of the stock is currently owned by hedge funds and other institutional investors.

Atomera Company Profile

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.