Key Points
- CEO Jonathan Klamkin sold 20,000 shares of Aeluma on April 1 at an average price of $13.10 for $262,000, a 1.40% reduction in his stake; the trade was executed under a pre-arranged Rule 10b5-1 trading plan.
- Klamkin also sold 50,000 shares on March 4 at an average price of $18.05, indicating multiple recent insider sales at higher prices earlier in the quarter.
- Shares opened at $13.44 with a 50-day/200-day moving average of $15.20/$16.25, a market cap of about $241.9M and a negative PE; analysts have a consensus rating of "Moderate Buy" with a $25.33 average price target.
Aeluma, Inc. (NASDAQ:ALMU - Get Free Report) CEO Jonathan Klamkin sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $13.10, for a total transaction of $262,000.00. Following the sale, the chief executive officer owned 1,409,398 shares in the company, valued at approximately $18,463,113.80. The trade was a 1.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jonathan Klamkin also recently made the following trade(s):
- On Wednesday, March 4th, Jonathan Klamkin sold 50,000 shares of Aeluma stock. The stock was sold at an average price of $18.05, for a total transaction of $902,500.00.
Aeluma Price Performance
Shares of NASDAQ ALMU opened at $13.44 on Friday. The firm has a fifty day moving average price of $15.20 and a 200-day moving average price of $16.25. The stock has a market cap of $241.92 million and a PE ratio of -95.99. Aeluma, Inc. has a 1 year low of $5.79 and a 1 year high of $25.88.
Institutional Trading of Aeluma
Hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd purchased a new position in shares of Aeluma during the fourth quarter valued at about $27,000. Quantbot Technologies LP bought a new position in Aeluma during the third quarter valued at approximately $29,000. BNP Paribas Financial Markets boosted its stake in Aeluma by 79.2% during the third quarter. BNP Paribas Financial Markets now owns 1,934 shares of the company's stock valued at $31,000 after buying an additional 855 shares during the last quarter. Osaic Holdings Inc. purchased a new position in Aeluma during the 2nd quarter valued at approximately $32,000. Finally, State of Wyoming bought a new stake in Aeluma in the 4th quarter worth approximately $35,000.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on ALMU. UBS Group reiterated a "buy" rating on shares of Aeluma in a research note on Tuesday, March 3rd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Aeluma in a research note on Wednesday, January 21st. Williams Trading set a $25.00 target price on Aeluma in a research report on Tuesday, March 3rd. Benchmark reissued a "buy" rating and set a $25.00 target price on shares of Aeluma in a research note on Tuesday, March 3rd. Finally, Freedom Capital raised Aeluma to a "strong-buy" rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $25.33.
Read Our Latest Report on Aeluma
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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