Jonathan Klamkin Sells 20,000 Shares of Aeluma (NASDAQ:ALMU) Stock

Aeluma, Inc. (NASDAQ:ALMU) CEO Jonathan Klamkin sold 20,000 shares of Aeluma stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $13.10, for a total transaction of $262,000.00. Following the completion of the sale, the chief executive officer owned 1,409,398 shares of the company’s stock, valued at $18,463,113.80. This trade represents a 1.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jonathan Klamkin also recently made the following trade(s):

• On Wednesday, March 4th, Jonathan Klamkin sold 50,000 shares of Aeluma stock. The stock was sold at an average price of $18.05, for a total transaction of $902,500.00.

Aeluma Stock Performance

Shares of ALMU opened at $13.44 on Friday. The stock has a market capitalization of $241.92 million and a PE ratio of -95.99. The firm’s 50 day moving average is $15.20 and its 200-day moving average is $16.24. Aeluma, Inc. has a 12 month low of $5.79 and a 12 month high of $25.88.

Analyst Ratings Changes

A number of brokerages recently commented on ALMU. Freedom Capital upgraded Aeluma to a “strong-buy” rating in a research report on Tuesday, March 31st. Benchmark reissued a “buy” rating and issued a $25.00 target price on shares of Aeluma in a report on Tuesday, March 3rd. Williams Trading set a $25.00 price target on shares of Aeluma in a report on Tuesday, March 3rd. UBS Group reiterated a “buy” rating on shares of Aeluma in a research report on Tuesday, March 3rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Aeluma in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $25.33.

Institutional Investors Weigh In On Aeluma

A number of hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets increased its position in Aeluma by 79.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,934 shares of the company’s stock worth $31,000 after purchasing an additional 855 shares in the last quarter. &PARTNERS increased its holdings in shares of Aeluma by 6.5% during the fourth quarter. &PARTNERS now owns 15,057 shares of the company’s stock worth $259,000 after buying an additional 923 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Aeluma in the 4th quarter valued at $27,000. Quantbot Technologies LP acquired a new stake in shares of Aeluma during the 3rd quarter valued at $29,000. Finally, Osaic Holdings Inc. acquired a new stake in shares of Aeluma during the 2nd quarter valued at $32,000.

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.