nLIGHT, Inc. (NASDAQ:LASR) CEO Scott H. Keeney Sells 15,000 Shares

nLIGHT, Inc. (NASDAQ:LASR) CEO Scott H. Keeney sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $13.73, for a total value of $205,950.00. Following the transaction, the chief executive officer now owns 1,347,781 shares in the company, valued at $18,505,033.13. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

nLIGHT Trading Up 4.4 %

nLIGHT stock opened at $14.68 on Friday. The firm has a market cap of $706.55 million, a price-to-earnings ratio of -13.59 and a beta of 2.33. The stock has a fifty day simple moving average of $11.26 and a two-hundred day simple moving average of $11.70. nLIGHT, Inc. has a 12 month low of $9.24 and a 12 month high of $15.00.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Cantor Fitzgerald assumed coverage on nLIGHT in a research note on Thursday, October 3rd. They issued an “overweight” rating and a $15.50 target price for the company. Benchmark restated a “speculative buy” rating and issued a $17.00 target price on shares of nLIGHT in a research note on Friday, August 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $15.00 price objective on shares of nLIGHT in a research note on Monday, August 5th.

Institutional Trading of nLIGHT

Institutional investors and hedge funds have recently modified their holdings of the business. nVerses Capital LLC grew its holdings in shares of nLIGHT by 500.0% in the third quarter. nVerses Capital LLC now owns 4,200 shares of the company’s stock worth $45,000 after acquiring an additional 3,500 shares during the period. International Assets Investment Management LLC grew its holdings in shares of nLIGHT by 969.0% in the third quarter. International Assets Investment Management LLC now owns 10,690 shares of the company’s stock worth $114,000 after acquiring an additional 9,690 shares during the period. Creative Planning bought a new stake in shares of nLIGHT in the third quarter worth $136,000. ProShare Advisors LLC lifted its position in nLIGHT by 15.0% during the first quarter. ProShare Advisors LLC now owns 11,518 shares of the company’s stock valued at $150,000 after purchasing an additional 1,503 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in nLIGHT by 16.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,154 shares of the company’s stock valued at $172,000 after purchasing an additional 1,886 shares in the last quarter. 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.