Mark Tompkins Sells 45,000 Shares of Aeluma (NASDAQ:ALMU) Stock

Aeluma, Inc. (NASDAQ:ALMU) major shareholder Mark Tompkins sold 45,000 shares of Aeluma stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $18.82, for a total value of $846,900.00. Following the completion of the sale, the insider directly owned 1,949,988 shares in the company, valued at $36,698,774.16. This trade represents a 2.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Aeluma Stock Down 5.4%

Aeluma stock traded down $1.00 during midday trading on Thursday, reaching $17.65. 446,589 shares of the stock traded hands, compared to its average volume of 397,849. The stock has a market cap of $315.23 million and a P/E ratio of -65.37. The stock’s fifty day moving average is $16.83 and its 200-day moving average is $17.63. Aeluma, Inc. has a 12 month low of $5.69 and a 12 month high of $25.88.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ALMU. Atria Wealth Solutions Inc. lifted its holdings in shares of Aeluma by 3.1% in 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 last quarter. BNP Paribas Financial Markets raised its position in Aeluma by 79.2% in 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 during the period. Quantbot Technologies LP purchased a new stake in Aeluma in the 3rd quarter worth about $29,000. Osaic Holdings Inc. bought a new stake in Aeluma in the second quarter worth about $32,000. Finally, Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Aeluma during the second quarter valued at approximately $32,000.

Analysts Set New Price Targets

ALMU has been the subject of several research reports. Benchmark reiterated a “buy” rating and set a $25.00 price objective on shares of Aeluma in a research report on Monday, December 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Aeluma in a research report on Wednesday, October 8th. 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, Aeluma has an average rating of “Hold” and an average price target 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.