Aeluma, Inc. (NASDAQ:ALMU - Get Free Report) CEO Jonathan Klamkin sold 20,000 shares of the firm's stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $24.96, for a total transaction of $499,200.00. Following the completion of the sale, the chief executive officer directly owned 2,403 shares of the company's stock, valued at approximately $59,978.88. The trade was a 89.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jonathan Klamkin also recently made the following trade(s):
- On Wednesday, April 1st, Jonathan Klamkin sold 20,000 shares of Aeluma stock. The shares were sold at an average price of $13.10, for a total value of $262,000.00.
- 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 value of $902,500.00.
Aeluma Stock Performance
Shares of NASDAQ ALMU opened at $27.38 on Wednesday. Aeluma, Inc. has a fifty-two week low of $10.20 and a fifty-two week high of $28.39. The company has a market cap of $492.84 million, a price-to-earnings ratio of -195.56 and a beta of 4.49. The business's 50 day moving average price is $15.68 and its 200-day moving average price is $16.09.
Institutional Investors Weigh In On Aeluma
A number of institutional investors and hedge funds have recently bought and sold shares of ALMU. BNP Paribas Financial Markets lifted its holdings in shares of Aeluma by 79.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,934 shares of the company's stock worth $31,000 after buying an additional 855 shares during the period. &PARTNERS increased its stake in shares of Aeluma by 6.5% during the fourth quarter. &PARTNERS now owns 15,057 shares of the company's stock valued at $259,000 after buying an additional 923 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Aeluma during the fourth quarter valued at $27,000. Quantbot Technologies LP bought a new stake in shares of Aeluma in the third quarter valued at about $29,000. Finally, Osaic Holdings Inc. bought a new stake in shares of Aeluma in the second quarter valued at about $32,000.
Analyst Upgrades and Downgrades
ALMU has been the subject of several research analyst reports. Freedom Capital upgraded Aeluma to a "strong-buy" rating in a research report on Tuesday, March 31st. Williams Trading set a $25.00 price target on shares of Aeluma in a report on Tuesday, March 3rd. UBS Group reaffirmed a "buy" rating on shares of Aeluma in a research note on Tuesday, March 3rd. Benchmark reiterated a "buy" rating and set a $25.00 price objective on shares of Aeluma in a report on Tuesday, March 3rd. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Aeluma in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.33.
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About Aeluma
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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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