nLIGHT, Inc. (NASDAQ:LASR - Get Free Report) CEO Scott H. Keeney sold 15,000 shares of nLIGHT stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $11.19, for a total value of $167,850.00. Following the completion of the transaction, the chief executive officer now owns 1,340,146 shares in the company, valued at $14,996,233.74. The trade was a 1.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
nLIGHT Trading Up 3.2 %
NASDAQ:LASR opened at $11.36 on Tuesday. The firm's fifty day simple moving average is $11.34 and its 200 day simple moving average is $11.39. nLIGHT, Inc. has a twelve month low of $9.80 and a twelve month high of $14.75. The firm has a market capitalization of $550.16 million, a price-to-earnings ratio of -11.03 and a beta of 2.20.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. Divisar Capital Management LLC grew its stake in shares of nLIGHT by 9.4% in the second quarter. Divisar Capital Management LLC now owns 1,545,935 shares of the company's stock valued at $16,897,000 after buying an additional 133,023 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in nLIGHT by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 385,784 shares of the company's stock worth $4,124,000 after acquiring an additional 8,139 shares during the period. Victory Capital Management Inc. boosted its holdings in nLIGHT by 6.6% in the 3rd quarter. Victory Capital Management Inc. now owns 97,500 shares of the company's stock worth $1,042,000 after acquiring an additional 6,000 shares during the period. Creative Planning acquired a new stake in nLIGHT in the third quarter valued at approximately $136,000. Finally, Natixis Advisors LLC raised its stake in shares of nLIGHT by 19.2% during the second quarter. Natixis Advisors LLC now owns 93,043 shares of the company's stock valued at $1,017,000 after purchasing an additional 14,983 shares during the period. 83.88% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
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Several equities research analysts have commented on LASR shares. Cantor Fitzgerald began coverage on nLIGHT in a report on Thursday, October 3rd. They issued an "overweight" rating and a $15.50 price objective on the stock. Needham & Company LLC increased their target price on shares of nLIGHT from $15.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, November 8th.
Check Out Our Latest Research Report on LASR
About nLIGHT
(
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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.
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