Key Points
- Director Steven Denbaars sold 12,500 shares of Aeluma on May 19 at an average price of $19.99, generating about $249,875. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and he still directly owns 382,709 shares.
- Aeluma reported a smaller-than-expected loss in its latest quarterly results, posting EPS of -$0.04 versus the -$0.05 consensus estimate. However, revenue came in below expectations at $1.22 million.
- Analyst sentiment is mixed but leans bullish, with MarketBeat showing a consensus rating of “Moderate Buy” and an average price target of $25.33. Recent calls included a Buy from Benchmark and a Strong Buy upgrade from Freedom Capital, while others issued Sell/Strong Sell ratings.
Aeluma, Inc. (NASDAQ:ALMU - Get Free Report) Director Steven Denbaars sold 12,500 shares of the firm's stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $19.99, for a total value of $249,875.00. Following the transaction, the director directly owned 382,709 shares of the company's stock, valued at approximately $7,650,352.91. This represents a 3.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Steven Denbaars also recently made the following trade(s):
- On Wednesday, February 25th, Steven Denbaars sold 12,500 shares of Aeluma stock. The stock was sold at an average price of $17.58, for a total value of $219,750.00.
Aeluma Trading Up 11.3%
ALMU stock opened at $23.31 on Friday. The stock has a 50-day moving average price of $17.72 and a 200-day moving average price of $16.85. Aeluma, Inc. has a 1-year low of $10.20 and a 1-year high of $31.79. The firm has a market cap of $426.81 million, a PE ratio of -66.60 and a beta of 4.49.
Aeluma (NASDAQ:ALMU - Get Free Report) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. Aeluma had a negative return on equity of 12.03% and a negative net margin of 115.57%.The firm had revenue of $1.22 million during the quarter, compared to analyst estimates of $1.37 million.
Hedge Funds Weigh In On Aeluma
A number of hedge funds have recently added to or reduced their stakes in ALMU. Geode Capital Management LLC acquired a new position in Aeluma during the 2nd quarter valued at about $3,850,000. Cetera Investment Advisers acquired a new position in Aeluma during the 2nd quarter valued at about $613,000. JPMorgan Chase & Co. acquired a new position in Aeluma during the 2nd quarter valued at about $74,000. Rhumbline Advisers acquired a new position in Aeluma during the 2nd quarter valued at about $228,000. Finally, New York State Common Retirement Fund purchased a new position in shares of Aeluma in the 2nd quarter worth approximately $111,000.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on ALMU shares. Benchmark reissued a "buy" rating and issued a $25.00 price objective on shares of Aeluma in a research report on Tuesday, March 3rd. Weiss Ratings reissued a "sell (d-)" rating on shares of Aeluma in a research report on Monday, April 20th. Wall Street Zen lowered Aeluma from a "sell" rating to a "strong sell" rating in a research report on Saturday, May 16th. Williams Trading set a $25.00 target price on Aeluma in a research note on Tuesday, March 3rd. Finally, Freedom Capital upgraded Aeluma to a "strong-buy" rating in a research note on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $25.33.
Check Out Our Latest Stock Analysis 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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