Aeluma (NASDAQ:ALMU) Stock: Insider Jonathan Klamkin Sells 100,000 Shares

Aeluma, Inc. (NASDAQ:ALMU) CEO Jonathan Klamkin sold 100,000 shares of the company’s stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $10.53, for a total transaction of $1,053,000.00. Following the completion of the transaction, the chief executive officer owned 1,126,995 shares of the company’s stock, valued at approximately $11,867,257.35. This trade represents a 8.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 Stock Down 7.0%

Shares of NASDAQ:ALMU traded down $0.69 during trading on Wednesday, reaching $9.12. 645,729 shares of the company’s stock traded hands, compared to its average volume of 904,201. Aeluma, Inc. has a fifty-two week low of $8.92 and a fifty-two week high of $31.79. The firm has a market cap of $176.20 million, a PE ratio of -17.54 and a beta of 4.10. The company has a 50-day simple moving average of $13.94 and a 200-day simple moving average of $17.62.

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

Wall Street Analyst Weigh In

ALMU has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aeluma in a research note on Friday, July 17th. Freedom Broker decreased their target price on Aeluma from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, September 17th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Polar Asset Management Partners Inc. grew its stake in 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 acquiring an additional 747 shares in the last quarter. Legal & General Group Plc acquired a new stake in Aeluma in the 2nd quarter valued at about $26,000. JNBA Financial Advisors lifted its stake in Aeluma by 107.2% in the 2nd quarter. JNBA Financial Advisors now owns 3,340 shares of the company’s stock worth $74,000 after purchasing an additional 1,728 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Aeluma in the 4th quarter worth approximately $32,000. Finally, Fortitude Advisory Group L.L.C. lifted its stake in Aeluma by 6.0% in the 2nd quarter. Fortitude Advisory Group L.L.C. now owns 37,567 shares of the company’s stock worth $829,000 after purchasing an additional 2,132 shares in the last quarter.

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.