Apis Capital Advisors LLC Sells 51,545 Shares of Aeluma, Inc. $ALMU

Apis Capital Advisors LLC decreased its holdings in Aeluma, Inc. (NASDAQ:ALMU) by 20.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 202,000 shares of the company’s stock after selling 51,545 shares during the period. Apis Capital Advisors LLC’s holdings in Aeluma were worth $3,468,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new stake in Aeluma during the 4th quarter valued at $27,000. Quantbot Technologies LP acquired a new stake in Aeluma during the 3rd quarter valued at $29,000. BNP Paribas Financial Markets lifted its holdings in Aeluma by 79.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,934 shares of the company’s stock valued at $31,000 after purchasing an additional 855 shares during the last quarter. Osaic Holdings Inc. acquired a new stake in Aeluma during the 2nd quarter valued at $32,000. Finally, State of Wyoming acquired a new stake in Aeluma during the 4th quarter valued at $35,000.

Insider Buying and Selling

In other Aeluma news, CEO Jonathan Klamkin sold 20,000 shares of Aeluma stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $24.96, for a total value of $499,200.00. Following the completion of the sale, the chief executive officer directly owned 2,403 shares in the company, valued at approximately $59,978.88. The trade was a 89.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven Denbaars sold 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $19.99, for a total value of $249,875.00. Following the completion of the transaction, the director directly owned 382,709 shares in the company, valued at approximately $7,650,352.91. This trade represents a 3.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 52,500 shares of company stock worth $1,011,075. 14.70% of the stock is owned by insiders.

Aeluma Trading Up 5.2%

Shares of ALMU stock opened at $24.86 on Thursday. The business’s 50-day moving average price is $21.76 and its 200-day moving average price is $18.22. Aeluma, Inc. has a 12 month low of $10.24 and a 12 month high of $31.79. The firm has a market capitalization of $455.19 million, a price-to-earnings ratio of -71.03 and a beta of 3.94.

Aeluma (NASDAQ:ALMU) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $1.22 million for the quarter, compared to analyst estimates of $1.37 million. Aeluma had a negative return on equity of 12.03% and a negative net margin of 115.57%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Benchmark reiterated a “buy” rating and set a $25.00 price objective on shares of Aeluma in a research report on Tuesday, March 3rd. Wall Street Zen cut Aeluma from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. UBS Group reiterated a “buy” rating on shares of Aeluma in a research report on Tuesday, March 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aeluma in a research report on Monday, April 20th. Finally, Williams Trading set a $25.00 price objective on Aeluma in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Aeluma has an average rating of “Moderate Buy” and an average price target of $25.33.

About Aeluma

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.