Aeluma (NASDAQ:ALMU) CEO Sells $1,053,000.00 in Stock

Aeluma, Inc. (NASDAQ:ALMU) CEO Jonathan Klamkin sold 100,000 shares of the business’s stock in a transaction on Monday, October 12th. The shares were sold at an average price of $10.53, for a total transaction of $1,053,000.00. Following the completion of the sale, the chief executive officer directly owned 1,126,995 shares in the company, valued at $11,867,257.35. This trade represents a 8.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 shares were sold at an average price of $13.35, for a total transaction of $1,335,000.00.

Aeluma Stock Performance

Shares of ALMU stock opened at $7.95 on Friday. Aeluma, Inc. has a 52-week low of $7.59 and a 52-week high of $31.79. The firm has a fifty day moving average of $13.41 and a 200-day moving average of $17.50.

Aeluma (NASDAQ:ALMU) last released its quarterly earnings data on Wednesday, September 16th. The company reported ($0.15) EPS for the quarter. Aeluma had a negative return on equity of 18.14% and a negative net margin of 205.31%. The business had revenue of $0.58 million for the quarter.

Institutional Trading of Aeluma

A number of large investors have recently bought and sold shares of ALMU. Polar Asset Management Partners Inc. lifted its holdings 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 valued at $1,192,000 after acquiring an additional 747 shares during the period. Legal & General Group Plc acquired a new stake in shares of Aeluma in the 2nd quarter valued at $26,000. JNBA Financial Advisors boosted its stake in shares of Aeluma by 107.2% in the 2nd quarter. JNBA Financial Advisors now owns 3,340 shares of the company’s stock valued at $74,000 after purchasing an additional 1,728 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Aeluma in the 4th quarter valued at $32,000. Finally, Fortitude Advisory Group L.L.C. grew its holdings in shares of Aeluma by 6.0% in the 2nd quarter. Fortitude Advisory Group L.L.C. now owns 37,567 shares of the company’s stock worth $829,000 after purchasing an additional 2,132 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Freedom Broker cut their price target on shares of Aeluma from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, September 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aeluma in a report on Thursday. One research 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 company’s stock. According to MarketBeat.com, Aeluma currently has a consensus rating of “Moderate Buy” and an average target price of $25.00.

About Aeluma

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.