43,100 Shares in Aeluma, Inc. $ALMU Acquired by Total Clarity Wealth Management Inc.

Total Clarity Wealth Management Inc. bought a new position in shares of Aeluma, Inc. (NASDAQ:ALMU) during the 4th quarter, HoldingsChannel.com reports. The fund bought 43,100 shares of the company’s stock, valued at approximately $740,000.

Several other large investors have also recently added to or reduced their stakes in ALMU. Quantbot Technologies LP purchased a new stake in Aeluma during the 3rd quarter worth approximately $29,000. BNP Paribas Financial Markets increased its stake in 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 buying an additional 855 shares during the period. Osaic Holdings Inc. purchased a new stake in shares of Aeluma in the 2nd quarter valued at approximately $32,000. JTC Employer Solutions Trustee Ltd purchased a new stake in shares of Aeluma in the 3rd quarter valued at approximately $39,000. Finally, FNY Investment Advisers LLC increased its position in shares of Aeluma by 242.9% in the 3rd quarter. FNY Investment Advisers LLC now owns 2,935 shares of the company’s stock valued at $47,000 after purchasing an additional 2,079 shares during the last quarter.

Insider Activity

In other news, CEO Jonathan Klamkin sold 50,000 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $18.05, for a total value of $902,500.00. Following the completion of the transaction, the chief executive officer owned 1,429,398 shares in the company, valued at approximately $25,800,633.90. This represents a 3.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Steven Denbaars sold 12,500 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $17.58, for a total transaction of $219,750.00. Following the completion of the transaction, the director owned 397,588 shares of the company’s stock, valued at approximately $6,989,597.04. The trade was a 3.05% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 154,500 shares of company stock worth $2,481,995. Corporate insiders own 14.70% of the company’s stock.

Aeluma Trading Up 21.5%

Shares of NASDAQ:ALMU opened at $23.29 on Friday. Aeluma, Inc. has a 52 week low of $10.20 and a 52 week high of $25.88. The company’s 50 day moving average is $15.44 and its two-hundred day moving average is $16.08. The company has a market cap of $419.22 million and a PE ratio of -166.35.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ALMU. Benchmark reissued a “buy” rating and issued a $25.00 price objective on shares of Aeluma in a research report on Tuesday, March 3rd. Freedom Capital raised shares of Aeluma to a “strong-buy” rating in a research report on Tuesday, March 31st. Williams Trading set a $25.00 price objective on shares of Aeluma in a research report on Tuesday, March 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Aeluma in a research report on Monday, April 20th. Finally, UBS Group reissued a “buy” rating on shares of Aeluma in a research report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $25.33.

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.