Mark Tompkins Sells 15,000 Shares of Aeluma (NASDAQ:ALMU) Stock

Aeluma, Inc. (NASDAQ:ALMU) major shareholder Mark Tompkins sold 15,000 shares of the stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $14.87, for a total value of $223,050.00. Following the completion of the sale, the insider owned 2,069,988 shares of the company’s stock, valued at $30,780,721.56. The trade was a 0.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Aeluma Stock Up 2.0%

Shares of ALMU stock opened at $17.39 on Wednesday. The stock has a market capitalization of $310.59 million and a P/E ratio of -64.41. Aeluma, Inc. has a 1-year low of $5.69 and a 1-year high of $25.88. The company’s fifty day simple moving average is $15.17.

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

Analyst Ratings Changes

A number of research analysts recently commented on ALMU shares. Wall Street Zen downgraded shares of Aeluma from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Aeluma in a research note on Wednesday, October 8th. Finally, Benchmark reaffirmed a “buy” rating and issued a $25.00 price target on shares of Aeluma in a research note on Monday. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently 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 added to or reduced their stakes in the business. Atria Wealth Solutions Inc. lifted its stake in Aeluma by 3.1% in the second quarter. Atria Wealth Solutions Inc. now owns 16,771 shares of the company’s stock valued at $275,000 after acquiring an additional 500 shares during the last quarter. BNP Paribas Financial Markets raised its holdings 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 purchasing an additional 855 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Aeluma during the 3rd quarter valued at $29,000. Osaic Holdings Inc. acquired a new stake in shares of Aeluma in the 2nd quarter valued at $32,000. Finally, Police & Firemen s Retirement System of New Jersey bought a new stake in Aeluma in the second quarter worth $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.