Aeluma, Inc. (NASDAQ:ALMU - Get Free Report) major shareholder Mark Tompkins sold 30,000 shares of the company's stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $16.03, for a total value of $480,900.00. Following the completion of the transaction, the insider directly owned 2,289,988 shares in the company, valued at approximately $36,708,507.64. The trade was a 1.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Aeluma Trading Up 6.3%
Shares of Aeluma stock opened at $17.09 on Wednesday. The firm has a market cap of $305.19 million and a price-to-earnings ratio of -63.30. The firm's 50-day moving average price is $15.59. Aeluma, Inc. has a 52-week low of $3.56 and a 52-week high of $25.88.
Aeluma (NASDAQ:ALMU - Get Free Report) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($0.03) earnings per share for the quarter. The business 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%.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the stock. Benchmark restated a "buy" rating and set a $25.00 price target on shares of Aeluma in a report on Wednesday, September 24th. Weiss Ratings restated a "sell (d-)" rating on shares of Aeluma in a report on Wednesday, October 8th. Finally, Wall Street Zen cut Aeluma from a "hold" rating to a "sell" rating in a research report on Saturday, November 15th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Aeluma has an average rating of "Hold" and a consensus price target of $25.50.
View Our Latest Research Report on ALMU
Hedge Funds Weigh In On Aeluma
A number of institutional investors have recently made changes to their positions in ALMU. JNBA Financial Advisors acquired a new position in shares of Aeluma during the 2nd quarter worth about $52,000. Atria Wealth Solutions Inc. increased its position in Aeluma by 3.1% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 16,771 shares of the company's stock worth $275,000 after buying an additional 500 shares during the period. Geode Capital Management LLC bought a new position in Aeluma in 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 approximately $32,000. Finally, Cetera Investment Advisers bought a new stake in shares of Aeluma in the second quarter valued at approximately $613,000.
Aeluma Company Profile
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Get Free Report)
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.
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