Aeluma (NASDAQ:ALMU) Major Shareholder Mark Tompkins Sells 25,000 Shares of Stock

Aeluma, Inc. (NASDAQ:ALMU) major shareholder Mark Tompkins sold 25,000 shares of the company’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $15.91, for a total transaction of $397,750.00. Following the completion of the sale, the insider owned 1,862,488 shares of the company’s stock, valued at $29,632,184.08. This represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Aeluma Price Performance

ALMU traded up $0.06 on Monday, hitting $15.85. The company had a trading volume of 350,823 shares, compared to its average volume of 417,083. The stock has a market cap of $283.08 million and a price-to-earnings ratio of -58.70. The company’s fifty day moving average price is $17.34 and its 200 day moving average price is $17.62. Aeluma, Inc. has a 1-year low of $5.69 and a 1-year high of $25.88.

Aeluma (NASDAQ:ALMU) last posted 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 for the quarter.

Analyst Upgrades and Downgrades

ALMU has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aeluma in a research note on Wednesday, January 21st. Wall Street Zen cut shares of Aeluma from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Finally, Benchmark restated a “buy” rating and issued a $25.00 price objective on shares of Aeluma in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Aeluma currently has a consensus rating of “Hold” and a consensus price target of $25.50.

Institutional Investors Weigh In On Aeluma

A number of institutional investors have recently modified their holdings of the business. JNBA Financial Advisors bought a new stake in shares of Aeluma during the 2nd quarter valued at $52,000. Atria Wealth Solutions Inc. raised its position in Aeluma by 3.1% in the second quarter. Atria Wealth Solutions Inc. now owns 16,771 shares of the company’s stock valued at $275,000 after purchasing an additional 500 shares during the last quarter. Geode Capital Management LLC acquired a new stake in Aeluma during the 2nd quarter worth approximately $3,850,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Aeluma during the second quarter worth $32,000. Finally, Cetera Investment Advisers acquired a new position in Aeluma during the 2nd quarter worth about $613,000.

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.