JNBA Financial Advisors Acquires New Position in Aeluma, Inc. $ALMU

JNBA Financial Advisors acquired a new stake in shares of Aeluma, Inc. (NASDAQ:ALMU) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 3,162 shares of the company’s stock, valued at approximately $52,000.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ALMU. Craig Hallum began coverage on shares of Aeluma in a research note on Monday, July 14th. They issued a “buy” rating and a $26.00 price target for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Aeluma in a research note on Wednesday. Finally, Benchmark reissued a “buy” rating and issued a $25.00 price target on shares of Aeluma in a research note on Wednesday, September 24th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $25.50.

Insider Activity at Aeluma

In other Aeluma news, major shareholder Mark N. Tompkins sold 63,604 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $18.70, for a total transaction of $1,189,394.80. Following the sale, the insider directly owned 2,676,582 shares in the company, valued at $50,052,083.40. This represents a 2.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jonathan Klamkin sold 150,000 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $18.85, for a total transaction of $2,827,500.00. Following the sale, the chief executive officer owned 1,479,398 shares in the company, valued at approximately $27,886,652.30. This trade represents a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 460,739 shares of company stock worth $8,220,139.

Aeluma Stock Performance

Shares of ALMU stock opened at $16.06 on Friday. The business has a 50 day moving average of $18.53. Aeluma, Inc. has a one year low of $2.52 and a one year high of $25.88. The firm has a market cap of $286.67 million and a price-to-earnings ratio of -66.92.

Aeluma (NASDAQ:ALMU) 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%.

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.