Mark Tompkins Sells 35,000 Shares of Aeluma (NASDAQ:ALMU) Stock

Aeluma, Inc. (NASDAQ:ALMU) major shareholder Mark Tompkins sold 35,000 shares of the stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $14.83, for a total transaction of $519,050.00. Following the completion of the transaction, the insider directly owned 2,084,988 shares of the company’s stock, valued at approximately $30,920,372.04. The trade was a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Aeluma Stock Performance

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

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Atria Wealth Solutions Inc. lifted its stake in shares of Aeluma by 3.1% in the second quarter. Atria Wealth Solutions Inc. now owns 16,771 shares of the company’s stock worth $275,000 after buying an additional 500 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Aeluma by 79.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,934 shares of the company’s stock valued at $31,000 after acquiring an additional 855 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Aeluma during the 3rd quarter valued at $29,000. Osaic Holdings Inc. bought a new stake in shares of Aeluma in the 2nd quarter worth $32,000. Finally, Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Aeluma in the second quarter worth $32,000.

About Aeluma

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.