Aeluma (NASDAQ:ALMU) Major Shareholder Mark Tompkins Sells 20,000 Shares

Aeluma, Inc. (NASDAQ:ALMU) major shareholder Mark Tompkins sold 20,000 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $14.37, for a total value of $287,400.00. Following the completion of the sale, the insider directly owned 2,149,988 shares of the company’s stock, valued at $30,895,327.56. The trade was a 0.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Aeluma Trading Up 2.6%

Shares of Aeluma stock traded up $0.38 during midday trading on Monday, hitting $14.88. The company had a trading volume of 293,253 shares, compared to its average volume of 311,207. The stock has a market capitalization of $265.76 million and a PE ratio of -55.11. Aeluma, Inc. has a 12-month low of $5.69 and a 12-month high of $25.88. The business has a fifty day moving average price of $15.36.

Aeluma (NASDAQ:ALMU) last announced its quarterly earnings data 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 company had revenue of $1.39 million for the quarter.

Wall Street Analyst Weigh In

Several analysts recently commented on ALMU shares. Benchmark restated a “buy” rating and set a $25.00 price target on shares of Aeluma in a research report on Wednesday, September 24th. Wall Street Zen downgraded Aeluma from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Aeluma in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $25.50.

Institutional Trading of Aeluma

A number of institutional investors and hedge funds have recently bought and sold shares of ALMU. Manchester Capital Management LLC acquired a new stake in shares of Aeluma in the second quarter valued at $409,000. JNBA Financial Advisors purchased a new stake in Aeluma during the 2nd quarter worth about $52,000. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Aeluma in the 2nd quarter valued at about $32,000. Atria Wealth Solutions Inc. raised its position 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 in the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new position in Aeluma in the third quarter valued at approximately $3,398,000.

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.