nLIGHT, Inc. (NASDAQ:LASR - Get Free Report) CAO James Nias sold 1,506 shares of the company's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $11.00, for a total transaction of $16,566.00. Following the transaction, the chief accounting officer now directly owns 54,694 shares of the company's stock, valued at approximately $601,634. This trade represents a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
nLIGHT Trading Up 2.7 %
NASDAQ:LASR opened at $11.23 on Thursday. The company's 50 day moving average price is $11.29 and its 200-day moving average price is $11.52. nLIGHT, Inc. has a 52 week low of $9.80 and a 52 week high of $15.00.
Institutional Investors Weigh In On nLIGHT
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Point72 DIFC Ltd raised its position in nLIGHT by 1,637.2% in the third quarter. Point72 DIFC Ltd now owns 4,152 shares of the company's stock worth $44,000 after acquiring an additional 3,913 shares during the period. nVerses Capital LLC raised its position in nLIGHT by 500.0% in the third quarter. nVerses Capital LLC now owns 4,200 shares of the company's stock worth $45,000 after acquiring an additional 3,500 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in nLIGHT in the third quarter worth approximately $50,000. Quantbot Technologies LP raised its position in nLIGHT by 25.5% in the third quarter. Quantbot Technologies LP now owns 10,092 shares of the company's stock worth $108,000 after acquiring an additional 2,052 shares during the period. Finally, International Assets Investment Management LLC raised its position in nLIGHT by 969.0% in the third quarter. International Assets Investment Management LLC now owns 10,690 shares of the company's stock worth $114,000 after acquiring an additional 9,690 shares during the period. Hedge funds and other institutional investors own 83.88% of the company's stock.
Analyst Upgrades and Downgrades
This Crypto Is Set to Explode in December
From Crypto 101 Media | Ad
It's a groundbreaking opportunity that could be poised for extraordinary gains.
The catalyst behind this surge is a massive new blockchain development…
YES, I WANT THE #1 CRYPTO NOW
LASR has been the subject of several recent analyst reports. Needham & Company LLC upped their price objective on shares of nLIGHT from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Cantor Fitzgerald assumed coverage on shares of nLIGHT in a report on Thursday, October 3rd. They issued an "overweight" rating and a $15.50 price objective on the stock.
View Our Latest Stock Report on LASR
nLIGHT Company Profile
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
