Aeluma (NASDAQ:ALMU) Stock: Insider Jonathan Klamkin Sells 100,000 Shares

Aeluma, Inc. (NASDAQ:ALMU) CEO Jonathan Klamkin sold 100,000 shares of Aeluma stock in a transaction on Monday, October 12th. The stock was sold at an average price of $10.53, for a total value of $1,053,000.00. Following the completion of the sale, the chief executive officer directly owned 1,126,995 shares of the company’s stock, valued at approximately $11,867,257.35. The trade was a 8.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jonathan Klamkin also recently made the following trade(s):

• On Monday, September 21st, Jonathan Klamkin sold 100,000 shares of Aeluma stock. The stock was sold at an average price of $13.35, for a total value of $1,335,000.00.

Aeluma Stock Performance

ALMU stock opened at $8.85 on Friday. Aeluma, Inc. has a 1-year low of $8.52 and a 1-year high of $31.79. The business has a fifty day moving average price of $13.62 and a 200-day moving average price of $17.57.

Aeluma (NASDAQ:ALMU) last released its quarterly earnings data on Wednesday, September 16th. The company reported ($0.15) EPS for the quarter. Aeluma had a negative net margin of 205.31% and a negative return on equity of 18.14%. The business had revenue of $0.58 million for the quarter.

Institutional Investors Weigh In On Aeluma

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Aeluma during the 2nd quarter valued at $21,489,000. AWM Investment Company Inc. purchased a new position in shares of Aeluma in the 2nd quarter worth $2,901,000. Bank of New York Mellon Corp purchased a new position in shares of Aeluma in the 2nd quarter worth $2,047,000. Polar Asset Management Partners Inc. boosted its stake in shares of Aeluma by 0.8% in the 1st quarter. Polar Asset Management Partners Inc. now owns 91,030 shares of the company’s stock worth $1,192,000 after buying an additional 747 shares during the last quarter. Finally, Wedbush Securities Inc. bought a new stake in shares of Aeluma in the second quarter worth $1,135,000.

Wall Street Analysts Forecast Growth

ALMU has been the topic of several research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Aeluma in a research note on Friday, July 17th. Freedom Broker reduced their price target on shares of Aeluma from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, September 17th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Aeluma has a consensus rating of “Moderate Buy” and a consensus price target of $25.00.

About Aeluma

Aeluma, Inc is a semiconductor company that develops and commercializes high-performance optoelectronic devices. Its technology is designed to integrate compound semiconductor materials with large-diameter silicon wafers, supporting the production of advanced components through manufacturing processes intended to improve scalability and reduce costs.

The company’s products and applications are focused on communications, sensing and computing markets. Potential use cases include optical communications, three-dimensional sensing, light detection and ranging (LiDAR), aerospace and defense systems, and other applications that require high-performance photonic or semiconductor components.

Aeluma was founded in 2019 and is based in Goleta, California.