Mark Tompkins Sells 30,000 Shares of Aeluma (NASDAQ:ALMU) Stock

Aeluma, Inc. (NASDAQ:ALMU) major shareholder Mark Tompkins sold 30,000 shares of Aeluma stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $14.70, for a total value of $441,000.00. Following the completion of the transaction, the insider owned 2,119,988 shares in the company, valued at approximately $31,163,823.60. This represents a 1.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Aeluma Price Performance

Shares of ALMU stock opened at $14.88 on Wednesday. The firm’s 50-day moving average is $15.26. Aeluma, Inc. has a 1-year low of $5.69 and a 1-year high of $25.88. The stock has a market cap of $265.76 million and a PE ratio of -55.11.

Aeluma (NASDAQ:ALMU) last announced its quarterly earnings results on Wednesday, November 12th. The company reported ($0.03) EPS for the quarter. The company had revenue of $1.39 million during the quarter. Aeluma had a negative return on equity of 18.15% and a negative net margin of 67.97%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ALMU shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Aeluma in a report on Wednesday, October 8th. Wall Street Zen cut Aeluma from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Finally, Benchmark reaffirmed a “buy” rating and set a $25.00 price target on shares of Aeluma in a research report on Wednesday, September 24th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Aeluma currently has an average rating of “Hold” and an average price target of $25.50.

Hedge Funds Weigh In On Aeluma

Hedge funds and other institutional investors have recently modified their holdings of the stock. FNY Investment Advisers LLC lifted its holdings in Aeluma by 242.9% in the third quarter. FNY Investment Advisers LLC now owns 2,935 shares of the company’s stock worth $47,000 after buying an additional 2,079 shares during the period. Polar Asset Management Partners Inc. bought a new position in shares of Aeluma in the 3rd quarter worth approximately $3,398,000. Sender Co & Partners Inc. purchased a new position in shares of Aeluma in the 3rd quarter valued at approximately $299,000. Millennium Management LLC bought a new stake in shares of Aeluma during the third quarter valued at approximately $3,392,000. Finally, Focus Partners Wealth purchased a new stake in Aeluma in the third quarter worth $73,000.

Aeluma Company Profile

Aeluma, Inc develops optoelectronic and electronic devices in the United States. The company manufactures semiconductor materials and chips using compound semiconductors on diameter substrates that are used to manufacture mass market microelectronics. It offers its devices for use in mobile, automotive, AI, defence and aerospace, communication, AR/VR, and HPC applications, as well as laser emitters, transistors for integrated circuits, quantum photonic circuits, and solar cells applications. Aeluma, Inc was formerly known as Parc Investments, Inc and changed its name to Aeluma, Inc June 2021.