Key Points
- Major shareholder Mark Tompkins sold 20,000 Aeluma shares on Dec. 10 at an average price of $17.49 for $349,800, leaving him with 2,169,988 shares (a 0.91% reduction in his position).
- Aeluma stock opened at $17.83 and trades within a 52-week range of $4.25–$25.88 with a market cap of about $318.4M; the company reported quarterly EPS of -$0.03 and negative margins, indicating ongoing profitability challenges.
- Market views are mixed: the consensus rating is "Hold" with an average target of $25.50 (two Buy, one Sell), while institutional activity includes a near 98% stake increase by Vanguard to 438,966 shares in Q3.
Aeluma, Inc. (NASDAQ:ALMU - Get Free Report) major shareholder Mark Tompkins sold 20,000 shares of the stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $17.49, for a total value of $349,800.00. Following the completion of the transaction, the insider owned 2,169,988 shares in the company, valued at approximately $37,953,090.12. The trade was a 0.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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
Shares of ALMU opened at $17.83 on Friday. The company has a 50 day simple moving average of $15.61. The firm has a market capitalization of $318.44 million and a P/E ratio of -66.04. Aeluma, Inc. has a 52-week low of $4.25 and a 52-week high of $25.88.
Aeluma (NASDAQ:ALMU - Get Free Report) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($0.03) earnings per share for the quarter. The company had revenue of $1.39 million for the quarter. Aeluma had a negative return on equity of 18.15% and a negative net margin of 67.97%.
Analysts Set New Price Targets
A number of analysts have recently commented on the company. Wall Street Zen cut Aeluma from a "hold" rating to a "sell" rating in a research report on Saturday, November 15th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Aeluma in a research report on Wednesday, October 8th. Finally, Benchmark reaffirmed a "buy" rating and set a $25.00 price objective on shares of Aeluma in a research note on Wednesday, September 24th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $25.50.
View Our Latest Research Report on Aeluma
Institutional Investors Weigh In On Aeluma
Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Aeluma by 98.1% during the 3rd quarter. Vanguard Group Inc. now owns 438,966 shares of the company's stock worth $7,067,000 after purchasing an additional 217,430 shares during the period. Apis Capital Advisors LLC increased its holdings in Aeluma by 4.8% in the third quarter. Apis Capital Advisors LLC now owns 253,545 shares of the company's stock valued at $4,082,000 after buying an additional 11,545 shares in the last quarter. Geode Capital Management LLC purchased a new position in Aeluma in the second quarter valued at about $3,850,000. Polar Asset Management Partners Inc. acquired a new stake in shares of Aeluma during the 3rd quarter valued at approximately $3,398,000. Finally, Millennium Management LLC purchased a new stake in shares of Aeluma during the 3rd quarter worth approximately $3,392,000.
About Aeluma
(
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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