Aeluma (NASDAQ:ALMU) Major Shareholder Sells $846,900.00 in Stock

Aeluma, Inc. (NASDAQ:ALMU) major shareholder Mark Tompkins sold 45,000 shares of the stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $18.82, for a total transaction of $846,900.00. Following the completion of the sale, the insider directly owned 1,949,988 shares of the company’s stock, valued at $36,698,774.16. This trade represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Aeluma Stock Performance

Shares of ALMU opened at $16.74 on Friday. The company has a market capitalization of $298.94 million and a PE ratio of -62.00. The company’s 50 day moving average price is $16.89 and its 200 day moving average price is $17.65. Aeluma, Inc. has a 52 week low of $5.69 and a 52 week high of $25.88.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ALMU shares. Benchmark reaffirmed a “buy” rating and set a $25.00 price target on shares of Aeluma in a research note on Monday, December 29th. Wall Street Zen downgraded Aeluma from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Aeluma in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $25.50.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ALMU. Atria Wealth Solutions Inc. boosted its stake in Aeluma by 3.1% during 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 boosted its position in shares of Aeluma by 79.2% during 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 bought a new stake in Aeluma in the third quarter valued at about $29,000. Osaic Holdings Inc. acquired a new position in Aeluma in the second quarter worth about $32,000. Finally, Police & Firemen s Retirement System of New Jersey bought a new position in Aeluma during the second quarter worth about $32,000.

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.