nLIGHT, Inc. (NASDAQ:LASR) CEO Sells $1,149,750.00 in Stock

nLIGHT, Inc. (NASDAQ:LASR) CEO Scott H. Keeney sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $15.33, for a total value of $1,149,750.00. Following the completion of the transaction, the chief executive officer now directly owns 1,342,927 shares in the company, valued at $20,587,070.91. This trade represents a 5.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

nLIGHT Stock Performance

nLIGHT stock opened at $15.57 on Friday. nLIGHT, Inc. has a one year low of $6.20 and a one year high of $16.21. The stock has a fifty day moving average of $9.44 and a 200 day moving average of $10.09. The stock has a market cap of $769.77 million, a PE ratio of -15.12 and a beta of 2.02.

nLIGHT (NASDAQ:LASR) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.13. nLIGHT had a negative net margin of 24.16% and a negative return on equity of 19.53%. The firm had revenue of $51.67 million during the quarter, compared to analyst estimates of $47.77 million. During the same quarter in the prior year, the firm earned ($0.17) EPS. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. As a group, sell-side analysts predict that nLIGHT, Inc. will post -1.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LASR. Senvest Management LLC lifted its stake in shares of nLIGHT by 114.1% during the 4th quarter. Senvest Management LLC now owns 2,481,677 shares of the company’s stock valued at $26,033,000 after buying an additional 1,322,637 shares in the last quarter. Invenomic Capital Management LP purchased a new position in shares of nLIGHT in the first quarter valued at about $6,763,000. Segall Bryant & Hamill LLC boosted its stake in shares of nLIGHT by 140.4% in the first quarter. Segall Bryant & Hamill LLC now owns 1,207,580 shares of the company’s stock worth $9,383,000 after acquiring an additional 705,215 shares during the period. Needham Investment Management LLC grew its position in shares of nLIGHT by 13.4% during the fourth quarter. Needham Investment Management LLC now owns 2,652,115 shares of the company’s stock worth $27,821,000 after purchasing an additional 314,375 shares in the last quarter. Finally, AWM Investment Company Inc. lifted its position in shares of nLIGHT by 29.5% in the first quarter. AWM Investment Company Inc. now owns 1,319,917 shares of the company’s stock worth $10,256,000 after buying an additional 300,924 shares in the last quarter. 83.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Craig Hallum raised nLIGHT from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Friday, May 9th. Needham & Company LLC raised their price target on shares of nLIGHT from $14.00 to $18.00 and gave the company a “buy” rating in a report on Thursday. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $15.70.

nLIGHT Company Profile

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.