Aeluma (NASDAQ:ALMU) CEO Jonathan Klamkin Sells 20,000 Shares

Aeluma, Inc. (NASDAQ:ALMU) CEO Jonathan Klamkin sold 20,000 shares of Aeluma stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $24.96, for a total value of $499,200.00. Following the completion of the sale, the chief executive officer directly owned 2,403 shares in the company, valued at $59,978.88. This trade represents a 89.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 Wednesday, April 1st, Jonathan Klamkin sold 20,000 shares of Aeluma stock. The stock was sold at an average price of $13.10, for a total value of $262,000.00.
• On Wednesday, March 4th, Jonathan Klamkin sold 50,000 shares of Aeluma stock. The shares were sold at an average price of $18.05, for a total value of $902,500.00.

Aeluma Price Performance

NASDAQ ALMU opened at $27.38 on Wednesday. Aeluma, Inc. has a 1-year low of $10.20 and a 1-year high of $28.39. The business has a 50 day simple moving average of $15.68 and a two-hundred day simple moving average of $16.09. The stock has a market capitalization of $492.84 million, a PE ratio of -195.56 and a beta of 4.49.

Hedge Funds Weigh In On Aeluma

Several large investors have recently modified their holdings of the stock. Polar Asset Management Partners Inc. purchased a new position in Aeluma during the third quarter worth $3,398,000. Total Clarity Wealth Management Inc. purchased a new stake in shares of Aeluma in the fourth quarter valued at $740,000. FNY Investment Advisers LLC lifted its holdings in shares of Aeluma by 242.9% in the 3rd quarter. FNY Investment Advisers LLC now owns 2,935 shares of the company’s stock worth $47,000 after acquiring an additional 2,079 shares during the last quarter. Moloney Securities Asset Management LLC bought a new stake in shares of Aeluma in the 3rd quarter worth about $345,000. Finally, MCF Advisors LLC purchased a new position in shares of Aeluma during the 3rd quarter worth about $267,000.

Analysts Set New Price Targets

ALMU has been the subject of a number of recent research reports. Benchmark reissued a “buy” rating and issued a $25.00 target price on shares of Aeluma in a report on Tuesday, March 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aeluma in a research report on Monday, April 20th. Freedom Capital raised shares of Aeluma to a “strong-buy” rating in a research note on Tuesday, March 31st. UBS Group restated a “buy” rating on shares of Aeluma in a report on Tuesday, March 3rd. Finally, Williams Trading set a $25.00 target price on shares of Aeluma in a research report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Aeluma presently has a consensus rating of “Moderate Buy” and an average price target of $25.33.

About Aeluma

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.