Aeluma (NASDAQ:ALMU) CEO Jonathan Klamkin Sells 100,000 Shares of Company Stock

Key Points

• CEO Jonathan Klamkin sold 100,000 Aeluma shares at an average price of $10.53, generating $1.053 million. The transaction was made under a pre-arranged Rule 10b5-1 trading plan, leaving him with 1,126,995 shares.
• Aeluma shares recently traded at $9.12, near their 52-week low of $8.92 and well below the 52-week high of $31.79. The company reported a quarterly loss of $0.15 per share on $0.58 million in revenue.
• Analyst sentiment remains mixed but leans positive, with a consensus “Moderate Buy” rating and an average price target of $25, while institutional investors including BlackRock recently established positions.

Aeluma, Inc. (NASDAQ:ALMU - Get Free Report) CEO Jonathan Klamkin sold 100,000 shares of the company's stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $10.53, for a total value of $1,053,000.00. Following the completion of the sale, the chief executive officer owned 1,126,995 shares in the company, valued at approximately $11,867,257.35. This represents a 8.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $13.35, for a total transaction of $1,335,000.00.

Aeluma Price Performance

ALMU traded down $0.69 during trading on Wednesday, reaching $9.12. 645,729 shares of the company's stock were exchanged, compared to its average volume of 904,201. Aeluma, Inc. has a 1 year low of $8.92 and a 1 year high of $31.79. The stock has a market capitalization of $176.20 million, a P/E ratio of -17.54 and a beta of 4.10. The company's fifty day simple moving average is $13.94 and its 200-day simple moving average is $17.62.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ALMU. BlackRock Inc. purchased a new stake in Aeluma in the 2nd quarter worth approximately $21,489,000. AWM Investment Company Inc. purchased a new position in shares of Aeluma during the 2nd quarter valued at approximately $2,901,000. Bank of New York Mellon Corp purchased a new position in shares of Aeluma during the 2nd quarter valued at approximately $2,047,000. Polar Asset Management Partners Inc. increased its holdings in shares of Aeluma by 0.8% during the 1st quarter. Polar Asset Management Partners Inc. now owns 91,030 shares of the company's stock valued at $1,192,000 after purchasing an additional 747 shares in the last quarter. Finally, Wedbush Securities Inc. acquired a new position in shares of Aeluma in the 2nd quarter valued at $1,135,000.

Analyst Upgrades and Downgrades

ALMU has been the subject of a number of research reports. Freedom Broker decreased their target price on shares of Aeluma from $30.00 to $25.00 and set a "buy" rating for the company in a research report on Thursday, September 17th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Aeluma in a research report on Friday, July 17th. 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $25.00.

Aeluma Company Profile

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.

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