Aeluma, Inc. (NASDAQ:ALMU – Get Free Report) Director Steven Denbaars sold 12,500 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $19.99, for a total value of $249,875.00. Following the completion of the sale, the director owned 382,709 shares in the company, valued at $7,650,352.91. This represents a 3.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Steven Denbaars also recently made the following trade(s):
- On Wednesday, February 25th, Steven Denbaars sold 12,500 shares of Aeluma stock. The stock was sold at an average price of $17.58, for a total transaction of $219,750.00.
Aeluma Stock Up 11.3%
NASDAQ ALMU opened at $23.31 on Friday. The firm has a market cap of $426.81 million, a P/E ratio of -66.60 and a beta of 4.49. The company’s 50 day moving average is $17.72 and its 200-day moving average is $16.85. Aeluma, Inc. has a 12-month low of $10.20 and a 12-month high of $31.79.
Hedge Funds Weigh In On Aeluma
A number of institutional investors have recently bought and sold shares of ALMU. Caitong International Asset Management Co. Ltd acquired a new position in shares of Aeluma in the fourth quarter valued at approximately $27,000. Quantbot Technologies LP bought a new position in Aeluma in the third quarter valued at approximately $29,000. BNP Paribas Financial Markets boosted its holdings in shares of Aeluma by 79.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,934 shares of the company’s stock valued at $31,000 after purchasing an additional 855 shares in the last quarter. Osaic Holdings Inc. acquired a new stake in shares of Aeluma in the 2nd quarter valued at $32,000. Finally, State of Wyoming acquired a new stake in shares of Aeluma in the 4th quarter valued at $35,000.
Wall Street Analyst Weigh In
ALMU has been the topic of a number of recent research reports. UBS Group reissued a “buy” rating on shares of Aeluma in a report on Tuesday, March 3rd. Williams Trading set a $25.00 price target on shares of Aeluma in a report on Tuesday, March 3rd. Freedom Capital upgraded shares of Aeluma to a “strong-buy” rating in a research report on Tuesday, March 31st. Wall Street Zen lowered shares of Aeluma from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Aeluma in a research note on Monday, April 20th. One 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $25.33.
Check Out Our Latest Stock Report on Aeluma
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. Aeluma, Inc was formerly known as Parc Investments, Inc and changed its name to Aeluma, Inc June 2021.
Featured Articles
- Five stocks we like better than Aeluma
- Biogen Stock Slides After Trial Miss, But Analysts Stay Bullish
- Intuit’s Great SaaS Reset: Fired By AI
- Meta Platforms 10% Layoff Raises a Bigger Question About AI Spending
- As Small-Cap Outperformance Continues, These 2 ETFs Provide Exposure
Receive News & Ratings for Aeluma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aeluma and related companies with MarketBeat.com's FREE daily email newsletter.
