Aeluma (NASDAQ:ALMU) Major Shareholder Mark Tompkins Sells 30,000 Shares of Stock

Aeluma, Inc. (NASDAQ:ALMU) major shareholder Mark Tompkins sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $16.03, for a total transaction of $480,900.00. Following the sale, the insider owned 2,289,988 shares of the company’s stock, valued at $36,708,507.64. The trade was a 1.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Aeluma Stock Performance

Aeluma stock opened at $17.09 on Wednesday. The firm has a market capitalization of $305.19 million and a price-to-earnings ratio of -63.30. Aeluma, Inc. has a 1 year low of $3.56 and a 1 year high of $25.88. The business has a 50 day simple moving average of $15.59.

Aeluma (NASDAQ:ALMU) last announced its quarterly earnings data on Wednesday, November 12th. The company reported ($0.03) EPS for the quarter. The company had revenue of $1.39 million for the quarter. Aeluma had a negative net margin of 67.97% and a negative return on equity of 18.15%.

Institutional Investors Weigh In On Aeluma

Several hedge funds have recently bought and sold shares of the business. JNBA Financial Advisors purchased a new position in Aeluma during the 2nd quarter valued at about $52,000. Atria Wealth Solutions Inc. boosted its holdings in shares of Aeluma by 3.1% during the second quarter. Atria Wealth Solutions Inc. now owns 16,771 shares of the company’s stock worth $275,000 after purchasing an additional 500 shares during the period. Geode Capital Management LLC acquired a new stake in shares of Aeluma during the second quarter worth approximately $3,850,000. Police & Firemen s Retirement System of New Jersey purchased a new position in Aeluma during the second quarter valued at approximately $32,000. Finally, Cetera Investment Advisers acquired a new position in Aeluma in the 2nd quarter valued at approximately $613,000.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ALMU. Benchmark reissued a “buy” rating and issued a $25.00 price target on shares of Aeluma in a research note on Wednesday, September 24th. Wall Street Zen cut shares of Aeluma from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Aeluma in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Aeluma presently has a consensus rating of “Hold” and a consensus price target of $25.50.

Aeluma Company Profile

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.