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

Aeluma, Inc. (NASDAQ:ALMU) major shareholder Mark Tompkins sold 30,000 shares of the stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $20.69, for a total value of $620,700.00. Following the completion of the sale, the insider owned 1,994,988 shares in the company, valued at approximately $41,276,301.72. This trade represents a 1.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Aeluma Price Performance

ALMU stock opened at $16.74 on Friday. The company has a fifty day moving average price of $16.89 and a two-hundred day moving average price of $17.64. Aeluma, Inc. has a one year low of $5.69 and a one year high of $25.88. The stock has a market cap of $298.98 million and a price-to-earnings ratio of -62.00.

Aeluma (NASDAQ:ALMU) last posted its 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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Aeluma by 98.1% during the 3rd quarter. Vanguard Group Inc. now owns 438,966 shares of the company’s stock valued at $7,067,000 after acquiring an additional 217,430 shares during the period. Apis Capital Advisors LLC raised its stake in Aeluma by 4.8% in 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. Geode Capital Management LLC bought a new stake in Aeluma during the second quarter worth about $3,850,000. Polar Asset Management Partners Inc. acquired a new stake in Aeluma during the third quarter worth about $3,398,000. Finally, Millennium Management LLC acquired a new stake in Aeluma during the third quarter worth about $3,392,000.

Analyst Upgrades and Downgrades

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

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.