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 dated Friday, December 26th. The shares were sold at an average price of $17.79, for a total transaction of $533,700.00. Following the completion of the transaction, the insider owned 2,024,988 shares of the company’s stock, valued at $36,024,536.52. This represents a 1.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Aeluma Price Performance

ALMU stock opened at $17.39 on Wednesday. The stock’s 50-day moving average is $15.17. The company has a market cap of $310.59 million and a P/E ratio of -64.41. Aeluma, Inc. has a 52 week low of $5.69 and a 52 week high of $25.88.

Aeluma (NASDAQ:ALMU) last posted 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 during the quarter.

Hedge Funds Weigh In On Aeluma

A number of hedge funds and other institutional investors have recently modified their holdings of ALMU. Quantbot Technologies LP purchased a new stake in Aeluma during the third quarter valued at about $29,000. BNP Paribas Financial Markets raised its holdings in shares of Aeluma by 79.2% during the third quarter. BNP Paribas Financial Markets now owns 1,934 shares of the company’s stock valued at $31,000 after acquiring an additional 855 shares during the period. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Aeluma during the second quarter valued at approximately $32,000. Osaic Holdings Inc. purchased a new stake in shares of Aeluma in the 2nd quarter valued at approximately $32,000. Finally, JTC Employer Solutions Trustee Ltd acquired a new position in Aeluma in the 3rd quarter worth approximately $39,000.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aeluma in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Aeluma from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Finally, Benchmark reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Aeluma in a research note on Monday. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Aeluma presently has a consensus rating of “Hold” and a consensus target price of $25.50.

Aeluma Company Profile

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.