Aeluma (NASDAQ:ALMU) Major Shareholder Mark Tompkins Sells 34,500 Shares

Aeluma, Inc. (NASDAQ:ALMU) major shareholder Mark Tompkins sold 34,500 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $14.71, for a total transaction of $507,495.00. Following the completion of the sale, the insider directly owned 1,790,488 shares of the company’s stock, valued at $26,338,078.48. The trade was a 1.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Aeluma Stock Performance

Shares of ALMU stock opened at $15.06 on Friday. The stock has a market capitalization of $268.97 million and a price-to-earnings ratio of -55.78. Aeluma, Inc. has a one year low of $5.69 and a one year high of $25.88. The company’s 50-day simple moving average is $17.42 and its 200-day simple moving average is $17.54.

Aeluma (NASDAQ:ALMU) last announced 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 for the quarter. Aeluma had a negative net margin of 67.97% and a negative return on equity of 18.15%.

Institutional Trading of Aeluma

A number of large investors have recently modified their holdings of the company. Manchester Capital Management LLC acquired a new stake in shares of Aeluma in the second quarter valued at approximately $409,000. JNBA Financial Advisors bought a new position in Aeluma in the 2nd quarter worth approximately $52,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in Aeluma in the 2nd quarter valued at approximately $32,000. Atria Wealth Solutions Inc. raised its stake in Aeluma by 3.1% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 16,771 shares of the company’s stock valued at $275,000 after acquiring an additional 500 shares in the last quarter. Finally, FNY Investment Advisers LLC boosted its position in Aeluma by 242.9% during the 3rd quarter. FNY Investment Advisers LLC now owns 2,935 shares of the company’s stock worth $47,000 after acquiring an additional 2,079 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aeluma in a report on Wednesday, January 21st. Benchmark reaffirmed a “buy” rating and issued a $25.00 price target on shares of Aeluma in a report on Monday, December 29th. Finally, Wall Street Zen lowered shares of Aeluma from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Aeluma has a consensus rating of “Hold” and a consensus 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.