Aeluma (NASDAQ:ALMU) Major Shareholder Mark Tompkins Sells 37,500 Shares of Stock

Aeluma, Inc. (NASDAQ:ALMU) major shareholder Mark Tompkins sold 37,500 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $15.74, for a total transaction of $590,250.00. Following the completion of the sale, the insider owned 1,824,988 shares of the company’s stock, valued at approximately $28,725,311.12. The trade was a 2.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Aeluma Price Performance

ALMU opened at $15.85 on Tuesday. Aeluma, Inc. has a fifty-two week low of $5.69 and a fifty-two week high of $25.88. The firm has a market capitalization of $283.05 million and a P/E ratio of -58.70. The company’s 50-day moving average is $17.34 and its 200 day moving average is $17.62.

Aeluma (NASDAQ:ALMU) last posted its quarterly earnings data 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 firm had revenue of $1.39 million during the quarter.

Analysts Set New Price Targets

A number of research analysts have issued reports on ALMU shares. Benchmark restated a “buy” rating and issued a $25.00 price objective on shares of Aeluma in a research note on Monday, December 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Aeluma in a report on Wednesday, January 21st. Finally, Wall Street Zen downgraded shares of 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $25.50.

Institutional Trading of Aeluma

Several hedge funds have recently made changes to their positions in ALMU. Atria Wealth Solutions Inc. grew its stake in shares of Aeluma by 3.1% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 16,771 shares of the company’s stock worth $275,000 after acquiring an additional 500 shares during the period. BNP Paribas Financial Markets boosted its position in Aeluma by 79.2% during the third quarter. BNP Paribas Financial Markets now owns 1,934 shares of the company’s stock worth $31,000 after purchasing an additional 855 shares during the period. Quantbot Technologies LP bought a new position in Aeluma during the third quarter worth about $29,000. Osaic Holdings Inc. purchased a new position in shares of Aeluma in the second quarter worth about $32,000. Finally, Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Aeluma in the second quarter valued at approximately $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.