Mark Tompkins Sells 32,500 Shares of Aeluma (NASDAQ:ALMU) Stock

Aeluma, Inc. (NASDAQ:ALMU) major shareholder Mark Tompkins sold 32,500 shares of the business’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $16.82, for a total transaction of $546,650.00. Following the sale, the insider directly owned 1,887,488 shares of the company’s stock, valued at approximately $31,747,548.16. The trade was a 1.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Aeluma Stock Up 0.4%

NASDAQ:ALMU traded up $0.06 during mid-day trading on Monday, hitting $15.85. 350,823 shares of the company traded hands, compared to its average volume of 417,083. The stock’s fifty day moving average price is $17.34 and its 200-day moving average price is $17.62. The firm has a market cap of $283.08 million and a price-to-earnings ratio of -58.70. Aeluma, Inc. has a one year low of $5.69 and a one year high of $25.88.

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. Aeluma had a negative return on equity of 18.15% and a negative net margin of 67.97%.The firm had revenue of $1.39 million during the quarter.

Hedge Funds Weigh In On Aeluma

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

Wall Street Analysts Forecast Growth

ALMU has been the topic of a number of research analyst reports. Wall Street Zen cut Aeluma from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aeluma in a research note on Wednesday, January 21st. Finally, Benchmark restated a “buy” rating and set a $25.00 price objective on shares of Aeluma in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Aeluma currently has a consensus rating of “Hold” and an average 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.