nLight (NASDAQ:LASR) CEO Scott Keeney Sells 31,748 Shares of Stock

nLight (NASDAQ:LASR) CEO Scott Keeney sold 31,748 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $37.51, for a total value of $1,190,867.48. Following the transaction, the chief executive officer owned 2,285,020 shares of the company’s stock, valued at approximately $85,711,100.20. This trade represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

nLight Price Performance

NASDAQ LASR opened at $40.02 on Friday. The company has a current ratio of 5.63, a quick ratio of 4.36 and a debt-to-equity ratio of 0.09. nLight has a 12 month low of $6.20 and a 12 month high of $41.52. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of -45.48 and a beta of 2.33. The company’s 50 day moving average is $35.24 and its two-hundred day moving average is $29.25.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Stifel Nicolaus raised their price target on nLight from $26.00 to $40.00 and gave the company a “buy” rating in a report on Friday, November 7th. Roth Capital initiated coverage on nLight in a research note on Wednesday, December 17th. They set a “buy” rating and a $44.00 target price on the stock. Needham & Company LLC boosted their price target on nLight from $32.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Canaccord Genuity Group raised shares of nLight to a “buy” rating in a report on Wednesday, December 17th. Finally, Cantor Fitzgerald boosted their target price on shares of nLight from $33.50 to $40.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, nLight presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.29.

Hedge Funds Weigh In On nLight

Institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of nLight by 44.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,529 shares of the company’s stock valued at $472,000 after acquiring an additional 3,881 shares during the last quarter. JPMorgan Chase & Co. raised its stake in nLight by 4.8% during the third quarter. JPMorgan Chase & Co. now owns 319,314 shares of the company’s stock valued at $9,461,000 after purchasing an additional 14,724 shares in the last quarter. Tudor Investment Corp ET AL grew its stake in shares of nLight by 1.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 298,484 shares of the company’s stock worth $8,844,000 after buying an additional 3,093 shares in the last quarter. FNY Investment Advisers LLC grew its stake in shares of nLight by 6,151.0% in the 3rd quarter. FNY Investment Advisers LLC now owns 41,819 shares of the company’s stock worth $1,239,000 after buying an additional 41,150 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its holdings in shares of nLight by 90.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 25,838 shares of the company’s stock worth $766,000 after buying an additional 12,278 shares during the last quarter. Hedge funds and other 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. The company also provides laser sensors, including light detection and ranging technologies for intelligence, surveillance, and reconnaissance applications; and fiber amplifiers, beam combination, and control systems for use in high-energy laser systems in directed energy applications.