Aeluma (NASDAQ:ALMU) CEO Jonathan Klamkin Sells 50,000 Shares

Aeluma, Inc. (NASDAQ:ALMU) CEO Jonathan Klamkin sold 50,000 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $18.05, for a total transaction of $902,500.00. Following the completion of the transaction, the chief executive officer owned 1,429,398 shares of the company’s stock, valued at $25,800,633.90. This trade represents a 3.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Aeluma Stock Performance

ALMU stock traded up $0.04 during trading on Friday, hitting $15.76. 290,277 shares of the company traded hands, compared to its average volume of 511,291. The firm has a market capitalization of $284.45 million and a PE ratio of -112.56. Aeluma, Inc. has a 1 year low of $5.79 and a 1 year high of $25.88. The company has a 50-day moving average of $17.62 and a 200-day moving average of $16.93.

Analyst Upgrades and Downgrades

ALMU has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Aeluma from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. UBS Group reissued a “buy” rating on shares of Aeluma in a research note on Tuesday. Williams Trading set a $25.00 target price on shares of Aeluma in a report on Tuesday. Weiss Ratings restated a “sell (d-)” rating on shares of Aeluma in a report on Wednesday, January 21st. Finally, Benchmark reiterated a “buy” rating and issued a $25.00 price objective on shares of Aeluma in a report on Tuesday. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Aeluma currently has an average rating of “Moderate Buy” and an average price target of $25.33.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd acquired a new stake in Aeluma in the fourth quarter valued at $27,000. Quantbot Technologies LP acquired a new position in Aeluma in the third quarter valued at $29,000. BNP Paribas Financial Markets grew its holdings in shares of Aeluma by 79.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,934 shares of the company’s stock worth $31,000 after purchasing an additional 855 shares during the period. Osaic Holdings Inc. acquired a new position in shares of Aeluma during the 2nd quarter valued at $32,000. Finally, Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Aeluma in the second quarter worth about $32,000.

Aeluma Company Profile

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.