Aeluma (NASDAQ:ALMU) Major Shareholder Mark Tompkins Sells 32,500 Shares

Aeluma, Inc. (NASDAQ:ALMU) major shareholder Mark Tompkins sold 32,500 shares of the firm’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $16.82, for a total transaction of $546,650.00. Following the sale, the insider directly owned 1,887,488 shares of the company’s stock, valued at approximately $31,747,548.16. The trade was a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Aeluma Price Performance

Shares of ALMU stock opened at $15.85 on Tuesday. The company’s fifty day moving average price is $17.34 and its two-hundred day moving average price is $17.62. The firm has a market capitalization of $283.05 million and a P/E ratio of -58.70. Aeluma, Inc. has a 12 month low of $5.69 and a 12 month high of $25.88.

Aeluma (NASDAQ:ALMU) last announced its earnings results on Wednesday, November 12th. The company reported ($0.03) earnings per share for the quarter. Aeluma had a negative net margin of 67.97% and a negative return on equity of 18.15%. The business had revenue of $1.39 million for the quarter.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wall Street Zen cut Aeluma from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aeluma in a report on Wednesday, January 21st. Finally, Benchmark reiterated a “buy” rating and set a $25.00 price objective on shares of Aeluma in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $25.50.

Institutional Investors Weigh In On Aeluma

Institutional investors and hedge funds have recently made changes to their positions in the company. Manchester Capital Management LLC acquired a new stake in shares of Aeluma during the second quarter worth $409,000. JNBA Financial Advisors acquired a new stake in Aeluma during the second quarter worth about $52,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in Aeluma during the second quarter worth about $32,000. Atria Wealth Solutions Inc. lifted its holdings in Aeluma by 3.1% in the second 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 last quarter. Finally, FNY Investment Advisers LLC boosted its stake in Aeluma by 242.9% in the third quarter. FNY Investment Advisers LLC now owns 2,935 shares of the company’s stock valued at $47,000 after acquiring an additional 2,079 shares during the period.

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.