Key Points
- CAO James Nias sold 1,200 shares on November 21 at an average of $30 each for $36,000, reducing his stake by 1.19% to 99,512 shares, according to an SEC filing.
- nLight is trading up about 3% with a $1.69B market cap and a 1‑year range of $6.20–$38.62; analysts’ consensus is a Buy with a $32.67 target (several firms raised targets to $40 while one firm issued a sell), and institutional ownership is roughly 83.9% with recent purchases by Oberweis and Coldstream.
nLight (NASDAQ:LASR - Get Free Report) CAO James Nias sold 1,200 shares of the firm's stock in a transaction on Friday, November 21st. The stock was sold at an average price of $30.00, for a total value of $36,000.00. Following the transaction, the chief accounting officer directly owned 99,512 shares of the company's stock, valued at approximately $2,985,360. This represents a 1.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
James Nias also recently made the following trade(s):
- On Thursday, September 4th, James Nias sold 540 shares of nLight stock. The stock was sold at an average price of $29.14, for a total value of $15,735.60.
nLight Trading Up 3.0%
Shares of LASR stock opened at $33.25 on Wednesday. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of -37.78 and a beta of 2.48. The stock has a 50-day moving average of $31.10 and a 200-day moving average of $24.50. The company has a current ratio of 5.63, a quick ratio of 4.36 and a debt-to-equity ratio of 0.09. nLight has a 1-year low of $6.20 and a 1-year high of $38.62.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on LASR shares. Weiss Ratings reissued a "sell (d-)" rating on shares of nLight in a research report on Wednesday, October 8th. Stifel Nicolaus upped their price objective on shares of nLight from $26.00 to $40.00 and gave the company a "buy" rating in a research note on Friday, November 7th. Raymond James Financial reissued a "strong-buy" rating on shares of nLight in a research note on Friday, August 8th. Cantor Fitzgerald boosted their target price on shares of nLight from $33.50 to $40.00 and gave the company an "overweight" rating in a report on Friday, November 7th. Finally, Benchmark increased their price target on nLight from $15.00 to $25.00 and gave the stock a "speculative buy" rating in a report on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $32.67.
Get Our Latest Report on nLight
Institutional Investors Weigh In On nLight
Large investors have recently bought and sold shares of the stock. Coldstream Capital Management Inc. increased its stake in nLight by 90.5% in the third quarter. Coldstream Capital Management Inc. now owns 25,838 shares of the company's stock valued at $766,000 after purchasing an additional 12,278 shares in the last quarter. Oberweis Asset Management Inc. bought a new stake in nLight in the 3rd quarter valued at about $7,882,000. Kestra Private Wealth Services LLC bought a new stake in nLight in the 3rd quarter valued at about $301,000. NewEdge Advisors LLC acquired a new position in nLight during the 3rd quarter worth approximately $165,000. Finally, CANADA LIFE ASSURANCE Co bought a new position in nLight in the third quarter worth approximately $111,000. 83.88% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
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