Key Points
- Major shareholder Mark Tompkins sold 32,500 shares on Jan. 29 at an average price of $16.82 for $546,650, reducing his stake by 1.69% to 1,887,488 shares; the trade was disclosed in an SEC filing.
- Aeluma stock opened at $15.85 with a market cap of about $283.05 million, a negative P/E of -58.70, a 1‑year range of $5.69–$25.88, and last quarter EPS of ($0.03) with negative margins.
- Analyst and institutional activity is mixed: consensus rating is “Hold” with a $25.50 target (two Buys, one Sell), while large investors like Vanguard boosted their position (up 98.1% to 438,966 shares) during recent quarters.
Aeluma, Inc. (NASDAQ:ALMU - Get Free Report) major shareholder Mark Tompkins sold 25,000 shares of the stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $15.91, for a total transaction of $397,750.00. Following the sale, the insider owned 1,862,488 shares of the company's stock, valued at $29,632,184.08. This trade represents a 1.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Aeluma Trading Up 0.4%
NASDAQ ALMU opened at $15.85 on Tuesday. The firm has a market cap of $283.05 million and a price-to-earnings ratio of -58.70. Aeluma, Inc. has a 1-year low of $5.69 and a 1-year high of $25.88. The company has a 50 day moving average of $17.34 and a 200-day moving average of $17.62.
Aeluma (NASDAQ:ALMU - Get Free Report) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $1.39 million during the quarter. Aeluma had a negative net margin of 67.97% and a negative return on equity of 18.15%.
Analysts Set New Price Targets
A number of equities research analysts have commented on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Aeluma in a report on Wednesday, January 21st. Benchmark reissued a "buy" rating and set a $25.00 price target on shares of Aeluma in a research note on Monday, December 29th. Finally, Wall Street Zen cut shares of Aeluma from a "hold" rating to a "sell" rating in a research report on Saturday, November 15th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $25.50.
View Our Latest Report on Aeluma
Hedge Funds Weigh In On Aeluma
Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position 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 buying an additional 217,430 shares during the period. Apis Capital Advisors LLC boosted its stake in Aeluma by 4.8% during the 3rd quarter. Apis Capital Advisors LLC now owns 253,545 shares of the company's stock worth $4,082,000 after acquiring an additional 11,545 shares during the last quarter. Geode Capital Management LLC acquired a new position in Aeluma during the second quarter valued at approximately $3,850,000. Polar Asset Management Partners Inc. acquired a new position in Aeluma during the third quarter valued at approximately $3,398,000. Finally, Millennium Management LLC bought a new stake in Aeluma in the third quarter valued at 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. Aeluma, Inc was formerly known as Parc Investments, Inc and changed its name to Aeluma, Inc June 2021.
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