nLight (NASDAQ:LASR) CEO Sells $279,860.56 in Stock

nLight (NASDAQ:LASR) CEO Scott Keeney sold 9,604 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $29.14, for a total transaction of $279,860.56. Following the transaction, the chief executive officer owned 2,396,936 shares in the company, valued at approximately $69,846,715.04. This represents a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

nLight Price Performance

NASDAQ LASR opened at $28.92 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.41 and a current ratio of 5.63. The firm’s 50 day moving average price is $23.61 and its 200-day moving average price is $15.69. nLight has a 52-week low of $6.20 and a 52-week high of $30.05. The company has a market cap of $1.44 billion, a PE ratio of -30.44 and a beta of 2.44.

nLight (NASDAQ:LASR) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.15. nLight had a negative net margin of 21.66% and a negative return on equity of 19.12%. The firm had revenue of $61.74 million for the quarter, compared to the consensus estimate of $55.24 million. During the same period last year, the firm earned ($0.10) earnings per share. The company’s quarterly revenue was up 22.2% on a year-over-year basis. nLight has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that nLight will post -1.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LASR. Raymond James Financial reiterated a “strong-buy” rating on shares of nLight in a research note on Friday, August 8th. Cantor Fitzgerald raised their target price on shares of nLight from $14.00 to $27.50 and gave the company an “overweight” rating in a research note on Friday, August 8th. Needham & Company LLC raised their target price on shares of nLight from $18.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Craig Hallum restated a “buy” rating and issued a $24.00 target price (up from $14.00) on shares of nLight in a research note on Thursday, June 26th. Finally, Stifel Nicolaus raised their target price on shares of nLight from $12.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $26.42.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in LASR. Invenomic Capital Management LP purchased a new position in shares of nLight in the first quarter worth $6,763,000. Segall Bryant & Hamill LLC raised its holdings 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 buying an additional 705,215 shares during the last quarter. AIGH Capital Management LLC purchased a new position in shares of nLight in the second quarter worth $11,810,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of nLight in the second quarter worth $6,778,000. Finally, Needham Investment Management LLC raised its holdings in shares of nLight by 13.4% in the fourth quarter. Needham Investment Management LLC now owns 2,652,115 shares of the company’s stock worth $27,821,000 after buying an additional 314,375 shares during the last quarter. Hedge funds and other institutional investors own 83.88% of the company’s stock.

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.