Aeluma (NASDAQ:ALMU) Major Shareholder Mark Tompkins Sells 45,000 Shares of Stock

Aeluma, Inc. (NASDAQ:ALMU) major shareholder Mark Tompkins sold 45,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $18.82, for a total value of $846,900.00. Following the sale, the insider directly owned 1,949,988 shares of the company’s stock, valued at $36,698,774.16. This represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Aeluma Stock Down 5.4%

ALMU stock opened at $17.65 on Friday. Aeluma, Inc. has a twelve month low of $5.69 and a twelve month high of $25.88. The stock’s 50 day moving average is $16.83 and its 200-day moving average is $17.63. The firm has a market capitalization of $315.23 million and a PE ratio of -65.37.

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

Hedge Funds Weigh In On Aeluma

Institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new stake in Aeluma in the third quarter worth about $29,000. BNP Paribas Financial Markets increased its stake 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 worth $31,000 after purchasing an additional 855 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Aeluma in the 2nd quarter worth approximately $32,000. Osaic Holdings Inc. purchased a new position in Aeluma in the second quarter valued at approximately $32,000. Finally, JTC Employer Solutions Trustee Ltd purchased a new position in Aeluma in the third quarter valued at approximately $39,000.

Wall Street Analysts Forecast Growth

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

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.