nLight (NASDAQ:LASR) CAO Sells $36,000.00 in Stock

nLight (NASDAQ:LASR) CAO James Nias sold 1,200 shares of nLight stock in a transaction on Friday, November 21st. The shares were sold at an average price of $30.00, for a total transaction of $36,000.00. Following the completion of the sale, the chief accounting officer owned 99,512 shares in the company, valued at $2,985,360. The trade was a 1.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

James Nias also recently made the following trade(s):

• On Thursday, September 4th, James Nias sold 540 shares of nLight stock. The stock was sold at an average price of $29.14, for a total transaction of $15,735.60.

nLight Stock Up 3.0%

Shares of NASDAQ:LASR traded up $0.96 during midday trading on Tuesday, reaching $33.25. The company had a trading volume of 575,076 shares, compared to its average volume of 878,242. The company has a quick ratio of 4.36, a current ratio of 5.63 and a debt-to-equity ratio of 0.09. The business’s 50 day moving average price is $31.10 and its 200 day moving average price is $24.50. The stock has a market cap of $1.69 billion, a PE ratio of -37.78 and a beta of 2.48. nLight has a 1-year low of $6.20 and a 1-year high of $38.62.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on LASR shares. Wall Street Zen upgraded nLight from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Benchmark raised their target price on shares of nLight from $15.00 to $25.00 and gave the company a “speculative buy” rating in a research note on Friday, August 8th. Zacks Research raised shares of nLight from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of nLight in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus boosted their price objective on shares of nLight from $26.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $32.67.

Institutional Trading of nLight

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Coldstream Capital Management Inc. grew its stake in nLight by 90.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 25,838 shares of the company’s stock valued at $766,000 after buying an additional 12,278 shares during the last quarter. Oberweis Asset Management Inc. bought a new stake in shares of nLight during the third quarter worth approximately $7,882,000. Kestra Private Wealth Services LLC bought a new stake in shares of nLight during the third quarter worth approximately $301,000. NewEdge Advisors LLC acquired a new position in shares of nLight in the third quarter valued at approximately $165,000. Finally, CANADA LIFE ASSURANCE Co bought a new position in shares of nLight during the third quarter worth approximately $111,000. Institutional investors own 83.88% of the company’s stock.

About nLight

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.