Aeluma, Inc. (NASDAQ:ALMU – Get Free Report) CEO Jonathan Klamkin sold 100,000 shares of the company’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $13.35, for a total value of $1,335,000.00. Following the completion of the sale, the chief executive officer owned 1,226,995 shares in the company, valued at $16,380,383.25. The trade was a 7.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Aeluma Stock Down 5.2%
Aeluma stock traded down $0.72 during midday trading on Wednesday, hitting $13.18. 477,780 shares of the company were exchanged, compared to its average volume of 635,262. Aeluma, Inc. has a fifty-two week low of $10.24 and a fifty-two week high of $31.79. The business has a fifty day simple moving average of $14.83 and a two-hundred day simple moving average of $17.82.
Aeluma (NASDAQ:ALMU – Get Free Report) last announced its quarterly earnings results on Wednesday, September 16th. The company reported ($0.15) earnings per share (EPS) for the quarter. Aeluma had a negative net margin of 205.31% and a negative return on equity of 18.14%. The company had revenue of $0.58 million during the quarter.
Institutional Investors Weigh In On Aeluma
Analysts Set New Price Targets
ALMU has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aeluma in a report on Friday, July 17th. Freedom Broker lowered their target price on shares of Aeluma from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, September 17th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.
Get Our Latest Research Report on Aeluma
Aeluma Company Profile
Aeluma, Inc is a semiconductor company that develops and manufactures high-performance components for communications, sensing, computing and other advanced technology applications. The company’s technology is designed to support the production of semiconductor devices on large-area and nontraditional substrates, with the goal of improving performance, scalability and integration.
Aeluma’s products and development efforts include photonic and optoelectronic components such as photodetectors and related devices used in optical communications, data centers, 3D sensing, artificial intelligence, aerospace and defense, automotive systems, and consumer electronics.
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