Key Points
- Major shareholder Mark Tompkins sold 15,000 Aeluma shares on Dec. 23 at an average price of $14.87 for $223,050, trimming his stake by 0.72% to 2,069,988 shares valued at about $30.78 million.
- Aeluma shares were trading down 5.7% (opened $17.05) and the company remains loss-making with a 52-week range of $5.69–$25.88, a market cap of $304.5M, a negative PE of -63.15, and last-quarter EPS of -$0.03.
- Several institutions (Vanguard, Geode, Polar, Millennium) have recently built positions while analysts are mixed — Benchmark reiterated a Buy with a $25 target, but the consensus rating is a Hold with a $25.50 target.
Aeluma, Inc. (NASDAQ:ALMU - Get Free Report) major shareholder Mark Tompkins sold 15,000 shares of the business's stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $14.87, for a total transaction of $223,050.00. Following the transaction, the insider directly owned 2,069,988 shares of the company's stock, valued at $30,780,721.56. The trade was a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Aeluma Trading Down 5.7%
NASDAQ ALMU opened at $17.05 on Tuesday. The stock has a 50-day moving average price of $15.15. Aeluma, Inc. has a 52 week low of $5.69 and a 52 week high of $25.88. The company has a market cap of $304.51 million and a PE ratio of -63.15.
Aeluma (NASDAQ:ALMU - Get Free Report) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($0.03) earnings per share for the quarter. Aeluma had a negative net margin of 67.97% and a negative return on equity of 18.15%. The business had revenue of $1.39 million for the quarter.
Institutional Trading of Aeluma
Several institutional investors have recently modified their holdings of the company. Geode Capital Management LLC acquired a new position in Aeluma during the second quarter worth about $3,850,000. Vanguard Group Inc. lifted its holdings in Aeluma by 98.1% in the 3rd quarter. Vanguard Group Inc. now owns 438,966 shares of the company's stock valued at $7,067,000 after acquiring an additional 217,430 shares during the last quarter. Polar Asset Management Partners Inc. bought a new position in shares of Aeluma during the 3rd quarter valued at about $3,398,000. Millennium Management LLC acquired a new position in shares of Aeluma in the 3rd quarter worth approximately $3,392,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Aeluma in the 3rd quarter worth approximately $685,000.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on ALMU. Benchmark reissued a "buy" rating and issued a $25.00 price target on shares of Aeluma in a research note on Monday. Wall Street Zen lowered shares of Aeluma from a "hold" rating to a "sell" rating in a research report on Saturday, November 15th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Aeluma in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Aeluma presently has a consensus rating of "Hold" and a consensus target price of $25.50.
Read Our Latest Stock Report on ALMU
Aeluma Company Profile
(
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. Aeluma, Inc was formerly known as Parc Investments, Inc and changed its name to Aeluma, Inc June 2021.
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