nLIGHT, Inc. (NASDAQ:LASR) CFO Sells $27,300.00 in Stock

nLIGHT, Inc. (NASDAQ:LASR) CFO Joseph John Corso sold 2,500 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $10.92, for a total transaction of $27,300.00. Following the completion of the sale, the chief financial officer now owns 155,129 shares of the company’s stock, valued at approximately $1,694,008.68. The trade was a 1.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

nLIGHT Price Performance

NASDAQ:LASR opened at $11.23 on Thursday. nLIGHT, Inc. has a 12-month low of $9.80 and a 12-month high of $15.00. The firm has a 50-day moving average price of $11.29 and a 200 day moving average price of $11.52.

Analysts Set New Price Targets

Several research firms recently weighed in on LASR. Cantor Fitzgerald began coverage on shares of nLIGHT in a research note on Thursday, October 3rd. They issued an “overweight” rating and a $15.50 target price for the company. Needham & Company LLC increased their target price on shares of nLIGHT from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 8th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LASR. Harvey Partners LLC raised its position in nLIGHT by 56.5% in the third quarter. Harvey Partners LLC now owns 1,735,000 shares of the company’s stock worth $18,547,000 after purchasing an additional 626,500 shares in the last quarter. Pinnacle Associates Ltd. increased its holdings in shares of nLIGHT by 18.1% during the second quarter. Pinnacle Associates Ltd. now owns 2,020,769 shares of the company’s stock worth $22,087,000 after buying an additional 309,634 shares in the last quarter. Royce & Associates LP increased its holdings in shares of nLIGHT by 9.1% during the third quarter. Royce & Associates LP now owns 2,733,476 shares of the company’s stock worth $29,221,000 after buying an additional 227,580 shares in the last quarter. Needham Investment Management LLC increased its holdings in shares of nLIGHT by 7.1% during the third quarter. Needham Investment Management LLC now owns 2,337,740 shares of the company’s stock worth $24,990,000 after buying an additional 155,000 shares in the last quarter. Finally, Divisar Capital Management LLC increased its holdings in shares of nLIGHT by 9.4% during the second quarter. Divisar Capital Management LLC now owns 1,545,935 shares of the company’s stock worth $16,897,000 after buying an additional 133,023 shares in the last quarter. Institutional investors and hedge funds 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.