Insider Selling: Aeluma (NASDAQ:ALMU) CEO Sells $262,000.00 in Stock

Aeluma, Inc. (NASDAQ:ALMU) CEO Jonathan Klamkin sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $13.10, for a total value of $262,000.00. Following the sale, the chief executive officer directly owned 1,409,398 shares in the company, valued at approximately $18,463,113.80. The trade was a 1.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jonathan Klamkin also recently made the following trade(s):

• On Wednesday, March 4th, Jonathan Klamkin sold 50,000 shares of Aeluma stock. The stock was sold at an average price of $18.05, for a total value of $902,500.00.

Aeluma Stock Performance

Shares of NASDAQ ALMU opened at $13.44 on Monday. Aeluma, Inc. has a 1 year low of $5.79 and a 1 year high of $25.88. The firm has a market cap of $241.92 million and a P/E ratio of -95.99. The stock has a fifty day moving average price of $15.20 and a two-hundred day moving average price of $16.24.

Hedge Funds Weigh In On Aeluma

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Aeluma by 98.1% in the 3rd quarter. Vanguard Group Inc. now owns 438,966 shares of the company’s stock valued at $7,067,000 after purchasing an additional 217,430 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Aeluma by 22.5% during the fourth quarter. Geode Capital Management LLC now owns 285,732 shares of the company’s stock worth $4,907,000 after purchasing an additional 52,565 shares during the period. Apis Capital Advisors LLC grew its position in Aeluma by 4.8% during the third quarter. Apis Capital Advisors LLC now owns 253,545 shares of the company’s stock valued at $4,082,000 after purchasing an additional 11,545 shares in the last quarter. State Street Corp grew its position in Aeluma by 34.0% during the fourth quarter. State Street Corp now owns 213,405 shares of the company’s stock valued at $3,664,000 after purchasing an additional 54,184 shares in the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new position in Aeluma in the 3rd quarter valued at approximately $3,398,000.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ALMU shares. Benchmark reaffirmed a “buy” rating and set a $25.00 target price on shares of Aeluma in a report on Tuesday, March 3rd. Williams Trading set a $25.00 price target on shares of Aeluma in a report on Tuesday, March 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of Aeluma in a research report on Wednesday, January 21st. UBS Group reiterated a “buy” rating on shares of Aeluma in a report on Tuesday, March 3rd. Finally, Freedom Capital raised shares of Aeluma to a “strong-buy” rating in a research note on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $25.33.

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.