Nuburu, Inc. (NYSEAMERICAN:BURU - Get Free Report) CEO Alessandro Zamboni acquired 4,332,525 shares of the company's stock in a transaction dated Wednesday, December 31st. The stock was purchased at an average cost of $0.35 per share, for a total transaction of $1,516,383.75. Following the purchase, the chief executive officer directly owned 4,332,525 shares in the company, valued at approximately $1,516,383.75. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this link.
Nuburu Stock Performance
BURU opened at $0.28 on Thursday. Nuburu, Inc. has a one year low of $0.15 and a one year high of $4.25. The stock's fifty day moving average is $0.28 and its 200-day moving average is $0.89. The company has a market capitalization of $43.46 million, a PE ratio of 0.00 and a beta of 0.84.
Nuburu (NYSEAMERICAN:BURU - Get Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $1.04 EPS for the quarter. The firm had revenue of ($0.18) million during the quarter.
Institutional Trading of Nuburu
A number of hedge funds and other institutional investors have recently modified their holdings of BURU. Geode Capital Management LLC raised its stake in shares of Nuburu by 78.4% in the 2nd quarter. Geode Capital Management LLC now owns 259,550 shares of the company's stock worth $91,000 after buying an additional 114,030 shares in the last quarter. UBS Group AG raised its stake in shares of Nuburu by 10,337.6% in the 3rd quarter. UBS Group AG now owns 4,370,024 shares of the company's stock worth $651,000 after buying an additional 4,328,156 shares in the last quarter. Allworth Financial LP bought a new stake in shares of Nuburu in the 4th quarter worth $94,000. Commonwealth Equity Services LLC bought a new stake in shares of Nuburu in the 4th quarter worth $25,000. Finally, State Street Corp bought a new stake in shares of Nuburu in the 4th quarter worth $48,000. Institutional investors own 41.61% of the company's stock.
About Nuburu
(
Get Free Report)
Nuburu, trading on the NYSE American under the ticker BURU, is a U.S.-based photonics company specializing in the development and manufacture of high-power blue laser diodes and laser systems for industrial manufacturing applications. Leveraging proprietary gallium nitride (GaN) semiconductor technology, Nuburu's lasers operate at a wavelength of 450 nanometers, offering significantly improved absorption in copper and copper alloys compared to traditional infrared lasers. This enables faster processing speeds, higher precision, and reduced thermal distortion in materials processing tasks such as welding, brazing, cladding, and powder bed fusion additive manufacturing.
Founded in 2018 and headquartered in Chapel Hill, North Carolina, Nuburu serves a global customer base that includes manufacturers in the automotive, electronics, aerospace, and additive manufacturing sectors.
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