Aeluma Target of Unusually Large Options Trading (NASDAQ:ALMU)

Key Points

• Unusual options activity: Traders bought 4,643 call options Monday (≈960% above the typical daily volume), and shares rose 45.6% to $15.67 on heavy volume of 8.87 million shares.
• Analyst view: MarketBeat shows a consensus "Moderate Buy" rating with an average price target of $25.33 amid mixed coverage (1 Strong Buy, 3 Buy, 1 Sell).
• Insider selling: Insiders have sold 317,000 shares in the last 90 days (including the CEO's 20,000-share sale under a Rule 10b5-1 plan), though insiders still own 14.7% of the company.

Aeluma, Inc. (NASDAQ:ALMU - Get Free Report) was the target of unusually large options trading on Monday. Stock traders bought 4,643 call options on the stock. This represents an increase of approximately 960% compared to the typical daily volume of 438 call options.

Aeluma Stock Up 45.6%

Shares of ALMU stock traded up $4.91 during trading hours on Monday, hitting $15.67. 8,872,918 shares of the company's stock were exchanged, compared to its average volume of 655,271. The firm has a market cap of $282.06 million and a P/E ratio of -113.35. The firm has a 50 day moving average of $14.67 and a two-hundred day moving average of $15.98. Aeluma has a fifty-two week low of $6.08 and a fifty-two week high of $25.88.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ALMU shares. Weiss Ratings restated a "sell (d-)" rating on shares of Aeluma in a research report on Wednesday, January 21st. Freedom Capital upgraded Aeluma to a "strong-buy" rating in a research report on Tuesday, March 31st. UBS Group reaffirmed a "buy" rating on shares of Aeluma in a research note on Tuesday, March 3rd. Williams Trading set a $25.00 target price on Aeluma in a research note on Tuesday, March 3rd. Finally, Benchmark reaffirmed a "buy" rating and set a $25.00 target price on shares of Aeluma in a research note on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $25.33.

Insiders Place Their Bets

In other Aeluma news, Director Steven Denbaars sold 12,500 shares of the company's stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $17.58, for a total value of $219,750.00. Following the sale, the director owned 397,588 shares in the company, valued at approximately $6,989,597.04. This represents a 3.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jonathan Klamkin sold 20,000 shares of the company's stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $13.10, for a total value of $262,000.00. Following the completion of the sale, the chief executive officer owned 1,409,398 shares in the company, valued at approximately $18,463,113.80. This represents a 1.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 317,000 shares of company stock worth $5,436,095. Corporate insiders own 14.70% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ALMU. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Aeluma during the fourth quarter worth approximately $27,000. Quantbot Technologies LP purchased a new stake in shares of Aeluma during the third quarter worth approximately $29,000. BNP Paribas Financial Markets increased its position in shares of Aeluma by 79.2% during the third quarter. BNP Paribas Financial Markets now owns 1,934 shares of the company's stock worth $31,000 after purchasing an additional 855 shares in the last quarter. Osaic Holdings Inc. purchased a new stake in shares of Aeluma during the second quarter worth approximately $32,000. Finally, State of Wyoming purchased a new stake in shares of Aeluma during the fourth quarter worth approximately $35,000.

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.

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