Aeluma (NASDAQ:ALMU) Major Shareholder Mark Tompkins Sells 37,500 Shares

Key Points

• Major shareholder Mark Tompkins of Aeluma (NASDAQ: ALMU) sold 37,500 shares at an average price of $16.39, totaling nearly $615,000, which represents a 1.59% decrease in his holdings.
• Aeluma's stock has seen a 1-year high of $25.88 and a low of $2.59, currently trading at around $16.18 with a market capitalization of $288.81 million.
• Analysts have varying opinions on Aeluma, with one firm setting a buy rating and a price target of $25.00, while another has a sell rating for the stock.

Aeluma, Inc. (NASDAQ:ALMU - Get Free Report) major shareholder Mark Tompkins sold 37,500 shares of the business's stock in a transaction on Monday, October 20th. The stock was sold at an average price of $16.39, for a total transaction of $614,625.00. Following the completion of the transaction, the insider owned 2,319,988 shares in the company, valued at $38,024,603.32. This represents a 1.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

Aeluma Price Performance

ALMU stock traded down $0.12 during trading on Tuesday, reaching $16.18. The stock had a trading volume of 316,929 shares, compared to its average volume of 248,469. Aeluma, Inc. has a 1-year low of $2.59 and a 1-year high of $25.88. The firm has a market capitalization of $288.81 million and a P/E ratio of -67.42. The company has a fifty day moving average of $18.18.

Aeluma (NASDAQ:ALMU - Get Free Report) last issued its quarterly earnings data on Thursday, November 9th. The company reported ($0.11) EPS for the quarter. Aeluma had a negative return on equity of 40.79% and a negative net margin of 64.79%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Benchmark reaffirmed a "buy" rating and set a $25.00 price target on shares of Aeluma in a research report on Wednesday, September 24th. Craig Hallum assumed coverage on shares of Aeluma in a research report on Monday, July 14th. They set a "buy" rating and a $26.00 price target on the stock. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Aeluma in a research 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's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $25.50.

Institutional Investors Weigh In On Aeluma

Several institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC acquired a new stake in Aeluma during the second quarter worth about $3,850,000. Cetera Investment Advisers acquired a new stake in Aeluma during the second quarter worth about $613,000. Manchester Capital Management LLC acquired a new stake in Aeluma during the second quarter worth about $409,000. MASO CAPITAL PARTNERS Ltd acquired a new stake in Aeluma during the second quarter worth about $401,000. Finally, Atria Wealth Solutions Inc. raised its stake in 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 acquiring an additional 500 shares during the period.

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.

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