Key Points
- Aeluma CEO Jonathan Klamkin sold 100,000 shares at an average price of $13.35, generating $1.335 million. The transaction occurred under a pre-arranged Rule 10b5-1 plan, leaving him with 1,226,995 shares.
- Aeluma shares were trading down 5.2%, opening at $13.18, while the company reported a quarterly loss of $0.15 per share on $0.58 million in revenue.
- Analysts maintain a consensus “Moderate Buy” rating with an average price target of $25, although ratings range from Strong Buy to Sell. Several institutional investors, including BlackRock, established new positions in the company.
Aeluma, Inc. (NASDAQ:ALMU - Get Free Report) CEO Jonathan Klamkin sold 100,000 shares of the firm's stock in a transaction on Monday, September 21st. The stock was sold at an average price of $13.35, for a total transaction of $1,335,000.00. Following the sale, the chief executive officer owned 1,226,995 shares in the company, valued at approximately $16,380,383.25. The trade was a 7.54% decrease in their ownership of the stock. The sale was disclosed in a document filed 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.
Aeluma Trading Down 5.2%
ALMU opened at $13.18 on Thursday. The stock has a market capitalization of $253.93 million, a P/E ratio of -25.35 and a beta of 4.07. Aeluma, Inc. has a 12 month low of $10.24 and a 12 month high of $31.79. The firm's fifty day simple moving average is $14.83 and its 200 day simple moving average is $17.82.
Aeluma (NASDAQ:ALMU - Get Free Report) last released its earnings results on Wednesday, September 16th. The company reported ($0.15) earnings per share (EPS) for the quarter. Aeluma had a negative return on equity of 18.14% and a negative net margin of 205.31%.The firm had revenue of $0.58 million for the quarter.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the company. Freedom Broker decreased their price objective on Aeluma from $30.00 to $25.00 and set a "buy" rating for the company in a report on Thursday, September 17th. Weiss Ratings restated a "sell (d-)" rating on shares of Aeluma in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $25.00.
View Our Latest Report on Aeluma
Hedge Funds Weigh In On Aeluma
A number of large investors have recently modified their holdings of ALMU. AWM Investment Company Inc. acquired a new stake in shares of Aeluma in the second quarter valued at about $2,901,000. BlackRock Inc. acquired a new position in Aeluma during the second quarter valued at approximately $21,489,000. Bank of New York Mellon Corp acquired a new position in Aeluma during the second quarter valued at approximately $2,047,000. Wedbush Securities Inc. bought a new position in Aeluma in the second quarter valued at approximately $1,135,000. Finally, Fortitude Advisory Group L.L.C. bought a new position in Aeluma in the first quarter valued at approximately $464,000.
About Aeluma
(
Get Free Report)
Aeluma, Inc is a semiconductor company that develops and manufactures high-performance components for communications, sensing, computing and other advanced technology applications. The company's technology is designed to support the production of semiconductor devices on large-area and nontraditional substrates, with the goal of improving performance, scalability and integration.
Aeluma's products and development efforts include photonic and optoelectronic components such as photodetectors and related devices used in optical communications, data centers, 3D sensing, artificial intelligence, aerospace and defense, automotive systems, and consumer electronics.
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