Scott H. Keeney Sells 12,013 Shares of nLIGHT, Inc. (NASDAQ:LASR) Stock

nLIGHT, Inc. (NASDAQ:LASR) CEO Scott H. Keeney sold 12,013 shares of nLIGHT stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $9.96, for a total transaction of $119,649.48. Following the sale, the chief executive officer now directly owns 1,340,146 shares in the company, valued at $13,347,854.16. This trade represents a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

nLIGHT Price Performance

NASDAQ:LASR opened at $10.46 on Friday. nLIGHT, Inc. has a one year low of $9.64 and a one year high of $14.75. The company has a market cap of $506.57 million, a PE ratio of -10.16 and a beta of 2.20. The firm’s 50 day simple moving average is $11.16 and its 200 day simple moving average is $11.27.

Hedge Funds Weigh In On nLIGHT

A number of hedge funds have recently modified their holdings of LASR. Point72 DIFC Ltd grew its stake in shares of nLIGHT by 1,637.2% in the third quarter. Point72 DIFC Ltd now owns 4,152 shares of the company’s stock worth $44,000 after purchasing an additional 3,913 shares during the last quarter. nVerses Capital LLC grew its position in shares of nLIGHT by 500.0% in the 3rd quarter. nVerses Capital LLC now owns 4,200 shares of the company’s stock valued at $45,000 after buying an additional 3,500 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of nLIGHT in the third quarter valued at about $50,000. Quantbot Technologies LP raised its position in shares of nLIGHT by 25.5% during the third quarter. Quantbot Technologies LP now owns 10,092 shares of the company’s stock worth $108,000 after acquiring an additional 2,052 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake 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. Institutional investors and hedge funds own 83.88% of the company’s stock.

Analyst Ratings Changes

LASR has been the topic of a number of research reports. Cantor Fitzgerald began coverage on shares of nLIGHT in a research note on Thursday, October 3rd. They set an “overweight” rating and a $15.50 target price on the stock. Needham & Company LLC boosted their price objective on nLIGHT from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 8th.

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.