nLight (NASDAQ:LASR) CAO Sells $18,781.68 in Stock

nLight (NASDAQ:LASR) CAO James Nias sold 556 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $33.78, for a total transaction of $18,781.68. Following the completion of the sale, the chief accounting officer directly owned 98,956 shares in the company, valued at $3,342,733.68. This represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, November 21st, James Nias sold 1,200 shares of nLight stock. The stock was sold at an average price of $30.00, for a total transaction of $36,000.00.

nLight Stock Up 0.3%

Shares of nLight stock traded up $0.10 during trading on Friday, reaching $36.44. The company had a trading volume of 450,629 shares, compared to its average volume of 866,409. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.36 and a current ratio of 5.63. nLight has a fifty-two week low of $6.20 and a fifty-two week high of $38.62. The firm’s fifty day moving average is $31.85 and its 200-day moving average is $25.55. The company has a market cap of $1.85 billion, a price-to-earnings ratio of -41.41 and a beta of 2.34.

Hedge Funds Weigh In On nLight

Hedge funds and other institutional investors have recently modified their holdings of the company. Assenagon Asset Management S.A. raised its position in shares of nLight by 1.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 22,301 shares of the company’s stock worth $661,000 after buying an additional 357 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in nLight by 12.9% during the second quarter. Ameritas Investment Partners Inc. now owns 4,911 shares of the company’s stock worth $97,000 after purchasing an additional 561 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in nLight by 4.2% in the second quarter. The Manufacturers Life Insurance Company now owns 17,988 shares of the company’s stock worth $354,000 after purchasing an additional 723 shares during the period. GAMMA Investing LLC lifted its position in nLight by 147.6% in the second quarter. GAMMA Investing LLC now owns 1,550 shares of the company’s stock worth $31,000 after purchasing an additional 924 shares during the period. Finally, Larson Financial Group LLC boosted its stake in nLight by 45.5% during the 3rd quarter. Larson Financial Group LLC now owns 3,488 shares of the company’s stock valued at $103,000 after purchasing an additional 1,091 shares in the last quarter. Institutional investors and hedge funds own 83.88% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Raymond James Financial reiterated a “strong-buy” rating on shares of nLight in a research report on Friday, August 8th. Stifel Nicolaus boosted their target price on shares of nLight from $26.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Wall Street Zen raised shares of nLight from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Benchmark lifted their price target on shares of nLight from $15.00 to $25.00 and gave the company a “speculative buy” rating in a report on Friday, August 8th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of nLight in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, nLight has an average rating of “Buy” and a consensus target price of $32.67.

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.