Mark Tompkins Sells 25,000 Shares of Aeluma (NASDAQ:ALMU) Stock

Key Points

• Mark Tompkins, a major shareholder of Aeluma, sold 25,000 shares of the company at an average price of $19.29, totaling $482,250, which decreased his ownership by 1.03%.
• Aeluma's stock has recently hit a one-year low of $2.52 and now trades at $16.70, with a market capitalization of $298.10 million.
• Analysts have mixed opinions on Aeluma's stock, with a consensus rating of "Hold" and a price target averaging $25.50, while two analysts recommend buying the stock.

Aeluma, Inc. (NASDAQ:ALMU - Get Free Report) major shareholder Mark Tompkins sold 25,000 shares of the firm's stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $19.29, for a total transaction of $482,250.00. Following the sale, the insider directly owned 2,397,488 shares of the company's stock, valued at $46,247,543.52. This trade represents a 1.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

Aeluma Stock Performance

Shares of ALMU stock traded down $2.03 on Friday, reaching $16.70. The stock had a trading volume of 661,347 shares, compared to its average volume of 470,653. Aeluma, Inc. has a 1 year low of $2.52 and a 1 year high of $25.88. The firm has a market cap of $298.10 million and a PE ratio of -69.58. The stock's 50 day simple moving average is $18.34.

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

A number of research analysts recently weighed in on the stock. Craig Hallum assumed coverage on shares of Aeluma in a research note on Monday, July 14th. They set a "buy" rating and a $26.00 target price on the stock. Benchmark restated a "buy" rating and set a $25.00 target price on shares of Aeluma in a research note on Wednesday, September 24th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Aeluma in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Aeluma presently has an average rating of "Hold" and a consensus price target of $25.50.

Institutional Trading of Aeluma

Several hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. purchased a new stake in Aeluma in the 2nd quarter worth $32,000. MASO CAPITAL PARTNERS Ltd purchased a new stake in Aeluma in the 2nd quarter worth $401,000. Bank of America Corp DE purchased a new stake in Aeluma in the 2nd quarter worth $98,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Aeluma in the 2nd quarter worth $86,000. Finally, New York State Common Retirement Fund purchased a new stake in Aeluma in the 2nd quarter worth $111,000.

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.

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