Aeluma (NASDAQ:ALMU) Major Shareholder Mark Tompkins Sells 30,000 Shares of Stock

Aeluma, Inc. (NASDAQ:ALMU) major shareholder Mark Tompkins sold 30,000 shares of the company’s stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $17.79, for a total value of $533,700.00. Following the completion of the sale, the insider owned 2,024,988 shares of the company’s stock, valued at $36,024,536.52. This represents a 1.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Aeluma Stock Performance

Shares of ALMU opened at $17.05 on Tuesday. The company has a market capitalization of $304.51 million and a PE ratio of -63.15. Aeluma, Inc. has a 1 year low of $5.69 and a 1 year high of $25.88. The stock’s 50-day moving average is $15.15.

Aeluma (NASDAQ:ALMU) last announced its quarterly earnings results on Wednesday, November 12th. The company reported ($0.03) 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.

Institutional Investors Weigh In On Aeluma

Several institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new position in Aeluma in the 3rd quarter worth $29,000. BNP Paribas Financial Markets lifted its holdings in shares of Aeluma by 79.2% in the third 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. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Aeluma during the second quarter worth about $32,000. Osaic Holdings Inc. acquired a new position in shares of Aeluma during the second quarter worth about $32,000. Finally, JTC Employer Solutions Trustee Ltd bought a new position in shares of Aeluma during the third quarter worth about $39,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ALMU. Weiss Ratings reissued a “sell (d-)” rating on shares of Aeluma in a report on Wednesday, October 8th. Benchmark reiterated a “buy” rating and set a $25.00 target price on shares of Aeluma in a report on Monday. Finally, Wall Street Zen downgraded Aeluma from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Two 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, the company has a consensus rating of “Hold” and a consensus price target 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.