Key Points
- Major shareholder Mark Tompkins sold $507,495 by disposing of 34,500 Aeluma (ALMU) shares at $14.71 each, trimming his stake by 1.89% to 1,790,488 shares valued at about $26.34 million.
- ALMU stock jumped 8.7% and opened at $15.06, but remains below its 50‑day and 200‑day moving averages (~$17.42 and $17.54) and the company reports negative EPS and a negative P/E ratio.
- Analyst and institutional sentiment is mixed: the consensus rating is "Hold" with a $25.50 target (two Buy, one Sell), while several hedge funds recently initiated or increased positions in Aeluma.
Aeluma, Inc. (NASDAQ:ALMU - Get Free Report) major shareholder Mark Tompkins sold 34,500 shares of the stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $14.71, for a total transaction of $507,495.00. Following the completion of the transaction, the insider owned 1,790,488 shares of the company's stock, valued at $26,338,078.48. This represents a 1.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
Aeluma Trading Up 8.7%
ALMU stock opened at $15.06 on Friday. The firm's 50-day moving average is $17.42 and its two-hundred day moving average is $17.54. The company has a market capitalization of $268.97 million and a price-to-earnings ratio of -55.78. Aeluma, Inc. has a 52 week low of $5.69 and a 52 week high of $25.88.
Aeluma (NASDAQ:ALMU - Get Free Report) last posted its quarterly earnings data on Wednesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter. Aeluma had a negative net margin of 67.97% and a negative return on equity of 18.15%. The company had revenue of $1.39 million during the quarter.
Institutional Investors Weigh In On Aeluma
Several hedge funds have recently modified their holdings of the stock. ProShare Advisors LLC purchased a new position in Aeluma in the 4th quarter worth about $277,000. Mission Wealth Management LP purchased a new position in shares of Aeluma in the fourth quarter worth approximately $240,000. Total Clarity Wealth Management Inc. acquired a new stake in shares of Aeluma during the fourth quarter valued at approximately $740,000. Westside Investment Management Inc. raised its holdings in shares of Aeluma by 51.8% during the fourth quarter. Westside Investment Management Inc. now owns 50,300 shares of the company's stock valued at $864,000 after acquiring an additional 17,165 shares during the period. Finally, FNY Investment Advisers LLC lifted its position in shares of Aeluma by 242.9% in the 3rd quarter. FNY Investment Advisers LLC now owns 2,935 shares of the company's stock valued at $47,000 after acquiring an additional 2,079 shares in the last quarter.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the company. Wall Street Zen cut Aeluma from a "hold" rating to a "sell" rating in a research note on Saturday, November 15th. Weiss Ratings reissued a "sell (d-)" rating on shares of Aeluma in a report on Wednesday, January 21st. Finally, Benchmark reaffirmed a "buy" rating and issued a $25.00 price objective on shares of Aeluma in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $25.50.
View Our Latest 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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