Aeluma (NASDAQ:ALMU) Major Shareholder Mark Tompkins Sells 15,000 Shares

Aeluma, Inc. (NASDAQ:ALMU) major shareholder Mark Tompkins sold 15,000 shares of the stock in a transaction that occurred 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 transaction, the insider owned 2,069,988 shares of the company’s stock, valued at approximately $30,780,721.56. This trade represents a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Aeluma Price Performance

ALMU stock opened at $17.05 on Tuesday. The stock’s 50 day moving average is $15.15. The firm has a market capitalization of $304.51 million and a P/E ratio of -63.15. Aeluma, Inc. has a twelve month low of $5.69 and a twelve month high of $25.88.

Aeluma (NASDAQ:ALMU) last posted its quarterly 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 during the quarter.

Wall Street Analyst Weigh In

ALMU has been the subject of several research analyst reports. Wall Street Zen lowered Aeluma from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aeluma in a research report on Wednesday, October 8th. Finally, Benchmark reiterated a “buy” rating and issued a $25.00 price target on shares of Aeluma in a report on Monday. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $25.50.

Hedge Funds Weigh In On Aeluma

A number of large investors have recently bought and sold shares of ALMU. Manchester Capital Management LLC acquired a new stake in shares of Aeluma during the 2nd quarter worth approximately $409,000. JNBA Financial Advisors bought a new position in Aeluma during the 2nd quarter worth $52,000. Integrity Wealth Advisors Inc. increased its position in Aeluma by 17.8% in the third quarter. Integrity Wealth Advisors Inc. now owns 25,429 shares of the company’s stock worth $410,000 after buying an additional 3,834 shares during the period. BNP Paribas Financial Markets increased its position in Aeluma by 79.2% in the third quarter. BNP Paribas Financial Markets now owns 1,934 shares of the company’s stock worth $31,000 after buying an additional 855 shares during the period. Finally, Russell Investments Group Ltd. bought a new stake in Aeluma in the third quarter valued at $685,000.

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.