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

Aeluma, Inc. (NASDAQ:ALMU) major shareholder Mark Tompkins sold 30,000 shares of Aeluma stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $18.07, for a total transaction of $542,100.00. Following the transaction, the insider owned 1,919,988 shares of the company’s stock, valued at $34,694,183.16. The trade was a 1.54% 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 more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Aeluma Stock Down 5.2%

Aeluma stock opened at $16.74 on Friday. Aeluma, Inc. has a twelve month low of $5.69 and a twelve month high of $25.88. The company has a market capitalization of $298.98 million and a P/E ratio of -62.00. The stock’s 50 day moving average is $16.89 and its 200 day moving average is $17.64.

Aeluma (NASDAQ:ALMU) last announced its quarterly earnings data 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 for the quarter.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Aeluma

A number of large investors have recently added to or reduced their stakes in ALMU. Vanguard Group Inc. boosted its stake in shares of Aeluma by 98.1% in the 3rd quarter. Vanguard Group Inc. now owns 438,966 shares of the company’s stock worth $7,067,000 after buying an additional 217,430 shares during the last quarter. Apis Capital Advisors LLC grew its stake in shares of Aeluma by 4.8% during the 3rd 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 during the period. Geode Capital Management LLC purchased a new stake in shares of Aeluma during the 2nd quarter valued at about $3,850,000. Polar Asset Management Partners Inc. bought a new position in shares of Aeluma in the 3rd quarter worth approximately $3,398,000. Finally, Millennium Management LLC purchased a new position in shares of Aeluma in the third quarter worth approximately $3,392,000.

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.