Key Points
- CEO Scott Keeney sold $1,190,867.48 worth of stock (31,748 shares) on Jan. 6 at an average price of $37.51, trimming his stake by 1.37% to 2,285,020 shares (≈$85.7M).
- nLight shares opened at $40.02 with a market cap of $2.03B, a one‑year range of $6.20–$41.52, 50‑/200‑day moving averages of $35.24/$29.25, and a negative P/E of -45.48.
- Institutional investors own 83.88% of the stock and analysts have a consensus rating of “Moderate Buy” with a $34.29 price target, though individual ratings range from sell to strong buy.
nLight (NASDAQ:LASR - Get Free Report) CEO Scott Keeney sold 31,748 shares of the company's stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $37.51, for a total value of $1,190,867.48. Following the sale, the chief executive officer owned 2,285,020 shares in the company, valued at approximately $85,711,100.20. This trade represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
nLight Price Performance
Shares of nLight stock opened at $40.02 on Friday. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of -45.48 and a beta of 2.33. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.36 and a current ratio of 5.63. The stock has a 50 day moving average price of $35.24 and a 200-day moving average price of $29.25. nLight has a one year low of $6.20 and a one year high of $41.52.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in nLight by 147.6% during the 2nd quarter. GAMMA Investing LLC now owns 1,550 shares of the company's stock worth $31,000 after purchasing an additional 924 shares during the period. Osaic Holdings Inc. grew its position in shares of nLight by 1,599.1% during the 2nd quarter. Osaic Holdings Inc. now owns 1,835 shares of the company's stock worth $36,000 after buying an additional 1,727 shares in the last quarter. Wexford Capital LP purchased a new position in shares of nLight during the third quarter valued at $41,000. Global Retirement Partners LLC bought a new stake in shares of nLight in the third quarter valued at about $49,000. Finally, Nisa Investment Advisors LLC lifted its stake in nLight by 162.4% in the second quarter. Nisa Investment Advisors LLC now owns 2,747 shares of the company's stock worth $54,000 after acquiring an additional 1,700 shares during the period. Institutional investors own 83.88% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on LASR. Canaccord Genuity Group upgraded shares of nLight to a "buy" rating in a report on Wednesday, December 17th. Zacks Research lowered shares of nLight from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 9th. Roth Capital began coverage on nLight in a research report on Wednesday, December 17th. They set a "buy" rating and a $44.00 target price for the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of nLight in a report on Wednesday, October 8th. Finally, Needham & Company LLC raised their price target on nLight from $32.00 to $39.00 and gave the stock a "buy" rating in a research note on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.29.
Read Our Latest Analysis on LASR
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.
Further Reading
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