Key Points
- CEO Jonathan Klamkin sold 100,000 Aeluma shares at an average price of $10.53, generating $1.053 million. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan and reduced his direct ownership by 8.15%.
- Aeluma shares opened at $9.12, near the company’s 52-week low of $8.92 and well below its 52-week high of $31.79. The company recently reported a quarterly loss of $0.15 per share on $0.58 million in revenue.
- Analyst sentiment remains mixed but leans positive, with a consensus rating of “Moderate Buy” and an average price target of $25.00, while several institutional investors—including BlackRock—recently established positions.
Aeluma, Inc. (NASDAQ:ALMU - Get Free Report) CEO Jonathan Klamkin sold 100,000 shares of the stock in a transaction on Monday, October 12th. The shares were sold at an average price of $10.53, for a total value of $1,053,000.00. Following the transaction, the chief executive officer directly owned 1,126,995 shares of the company's stock, valued at approximately $11,867,257.35. This trade represents a 8.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 Monday, September 21st, Jonathan Klamkin sold 100,000 shares of Aeluma stock. The stock was sold at an average price of $13.35, for a total value of $1,335,000.00.
Aeluma Stock Performance
Shares of ALMU opened at $9.12 on Thursday. Aeluma, Inc. has a 1 year low of $8.92 and a 1 year high of $31.79. The stock's fifty day moving average price is $13.78 and its two-hundred day moving average price is $17.59.
Aeluma (NASDAQ:ALMU - Get Free Report) last posted its quarterly earnings results on Wednesday, September 16th. The company reported ($0.15) earnings per share for the quarter. The firm had revenue of $0.58 million for the quarter. Aeluma had a negative return on equity of 18.14% and a negative net margin of 205.31%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in Aeluma in the 2nd quarter valued at approximately $21,489,000. AWM Investment Company Inc. bought a new stake in Aeluma during the 2nd quarter valued at $2,901,000. Bank of New York Mellon Corp purchased a new stake in shares of Aeluma during the second quarter worth $2,047,000. Polar Asset Management Partners Inc. lifted its position in shares of Aeluma by 0.8% during the first quarter. Polar Asset Management Partners Inc. now owns 91,030 shares of the company's stock worth $1,192,000 after acquiring an additional 747 shares in the last quarter. Finally, Wedbush Securities Inc. purchased a new stake in shares of Aeluma during the second quarter worth $1,135,000.
Wall Street Analyst Weigh In
Several research firms have commented on ALMU. Freedom Broker dropped their price objective on shares of Aeluma from $30.00 to $25.00 and set a "buy" rating on the stock in a report on Thursday, September 17th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Aeluma in a research report on Friday, July 17th. One 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 stock. According to data from MarketBeat, Aeluma has a consensus rating of "Moderate Buy" and an average price target of $25.00.
Get Our Latest Report on Aeluma
Aeluma Company Profile
(
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Aeluma, Inc is a semiconductor company that develops and commercializes high-performance optoelectronic devices. Its technology is designed to integrate compound semiconductor materials with large-diameter silicon wafers, supporting the production of advanced components through manufacturing processes intended to improve scalability and reduce costs.
The company's products and applications are focused on communications, sensing and computing markets. Potential use cases include optical communications, three-dimensional sensing, light detection and ranging (LiDAR), aerospace and defense systems, and other applications that require high-performance photonic or semiconductor components.
Aeluma was founded in 2019 and is based in Goleta, California.
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