nLIGHT, Inc. (NASDAQ:LASR) CEO Scott H. Keeney Sells 53,511 Shares of Stock

nLIGHT, Inc. (NASDAQ:LASR) CEO Scott H. Keeney sold 53,511 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $8.17, for a total transaction of $437,184.87. Following the sale, the chief executive officer now directly owns 1,267,927 shares in the company, valued at approximately $10,358,963.59. The trade was a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

nLIGHT Price Performance

NASDAQ:LASR opened at $9.06 on Thursday. nLIGHT, Inc. has a 1-year low of $7.94 and a 1-year high of $14.73. The firm has a market capitalization of $438.77 million, a price-to-earnings ratio of -8.80 and a beta of 2.29. The company’s 50-day moving average is $10.63 and its two-hundred day moving average is $10.96.

nLIGHT (NASDAQ:LASR) last posted its earnings results on Thursday, February 27th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.21). nLIGHT had a negative net margin of 24.16% and a negative return on equity of 19.53%. The company had revenue of $47.38 million during the quarter, compared to analyst estimates of $46.62 million. As a group, equities analysts anticipate that nLIGHT, Inc. will post -1.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LASR. Needham & Company LLC reduced their target price on nLIGHT from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Stifel Nicolaus decreased their target price on shares of nLIGHT from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Picton Mahoney Asset Management boosted its holdings in nLIGHT by 47.4% in the fourth quarter. Picton Mahoney Asset Management now owns 2,907 shares of the company’s stock valued at $30,000 after purchasing an additional 935 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in nLIGHT by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,423 shares of the company’s stock worth $277,000 after acquiring an additional 1,140 shares in the last quarter. XTX Topco Ltd lifted its position in nLIGHT by 7.2% in the fourth quarter. XTX Topco Ltd now owns 24,522 shares of the company’s stock valued at $257,000 after acquiring an additional 1,641 shares during the last quarter. Swiss National Bank boosted its stake in nLIGHT by 1.9% in the fourth quarter. Swiss National Bank now owns 90,000 shares of the company’s stock valued at $944,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Quantbot Technologies LP lifted its holdings in shares of nLIGHT by 17.6% in the 4th quarter. Quantbot Technologies LP now owns 11,864 shares of the company’s stock valued at $124,000 after purchasing an additional 1,772 shares during the last quarter. Institutional investors and hedge funds 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.