nLight (NASDAQ:LASR) CAO Sells $116,471.36 in Stock

by · The Cerbat Gem

nLight (NASDAQ:LASR – Get Free Report) CAO James Nias sold 1,808 shares of nLight stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $64.42, for a total transaction of $116,471.36. Following the completion of the sale, the chief accounting officer directly owned 93,899 shares in the company, valued at approximately $6,048,973.58. This represents a 1.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

James Nias also recently made the following trade(s):

  • On Thursday, March 5th, James Nias sold 3,249 shares of nLight stock. The shares were sold at an average price of $61.96, for a total transaction of $201,308.04.

nLight Price Performance

Shares of nLight stock traded down $0.17 on Friday, reaching $62.60. 1,059,219 shares of the company traded hands, compared to its average volume of 2,115,248. The company has a 50 day moving average of $51.32 and a 200 day moving average of $39.01. nLight has a 52 week low of $6.20 and a 52 week high of $69.52. The firm has a market capitalization of $3.49 billion, a PE ratio of -133.19 and a beta of 2.27.

nLight (NASDAQ:LASR – Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. nLight had a negative net margin of 8.98% and a negative return on equity of 9.28%. The company had revenue of $81.19 million for the quarter, compared to analysts’ expectations of $76.71 million. During the same quarter in the previous year, the firm posted ($0.30) EPS. nLight’s revenue was up 71.3% on a year-over-year basis. As a group, analysts anticipate that nLight will post -1.1 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Roth Mkm boosted their target price on nLight from $44.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of nLight in a report on Thursday, January 22nd. Raymond James Financial restated a “strong-buy” rating and issued a $75.00 price objective on shares of nLight in a research note on Friday, February 27th. Stifel Nicolaus started coverage on shares of nLight in a research report on Tuesday, January 20th. They set a “buy” rating and a $60.00 target price for the company. Finally, Robert W. Baird started coverage on shares of nLight in a research note on Wednesday, March 4th. They issued an “outperform” rating and a $95.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, nLight has a consensus rating of “Moderate Buy” and a consensus target price of $58.31.

View Our Latest Stock Report on LASR

Hedge Funds Weigh In On nLight

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of nLight by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 4,989,758 shares of the company’s stock valued at $187,166,000 after purchasing an additional 125,446 shares in the last quarter. Harvey Partners LLC raised its stake in shares of nLight by 1.7% during the 2nd quarter. Harvey Partners LLC now owns 2,107,348 shares of the company’s stock valued at $41,473,000 after purchasing an additional 34,348 shares during the period. Needham Investment Management LLC lifted its holdings in nLight by 3.6% during the 4th quarter. Needham Investment Management LLC now owns 1,857,740 shares of the company’s stock worth $69,684,000 after purchasing an additional 65,000 shares in the last quarter. Invesco Ltd. boosted its stake in nLight by 32.3% in the 4th quarter. Invesco Ltd. now owns 1,399,229 shares of the company’s stock worth $52,485,000 after purchasing an additional 341,948 shares during the period. Finally, AWM Investment Company Inc. boosted its stake in nLight by 1.9% in the 2nd quarter. AWM Investment Company Inc. now owns 1,344,917 shares of the company’s stock worth $26,468,000 after purchasing an additional 25,000 shares during the period. 83.88% of the stock is owned by institutional investors.

About nLight

(Get Free Report)

nLIGHT, Inc designs, develops, manufactures, and sells semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Products and Advanced Development. It offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in industrial and aerospace and defense applications. The company also provides laser sensors, including light detection and ranging technologies for intelligence, surveillance, and reconnaissance applications; and fiber amplifiers, beam combination, and control systems for use in high-energy laser systems in directed energy applications.

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