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

nLIGHT, Inc. (NASDAQ:LASR) CEO Scott H. Keeney sold 15,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $11.19, for a total value of $167,850.00. Following the completion of the sale, the chief executive officer now directly owns 1,340,146 shares in the company, valued at $14,996,233.74. This trade represents a 1.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

nLIGHT Trading Down 4.2 %

nLIGHT stock opened at $10.88 on Wednesday. The stock has a 50-day moving average price of $11.34 and a two-hundred day moving average price of $11.39. nLIGHT, Inc. has a 12 month low of $9.80 and a 12 month high of $14.75. The company has a market capitalization of $526.91 million, a PE ratio of -10.56 and a beta of 2.20.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LASR. Point72 DIFC Ltd grew its holdings in nLIGHT by 1,637.2% during the 3rd quarter. Point72 DIFC Ltd now owns 4,152 shares of the company’s stock worth $44,000 after acquiring an additional 3,913 shares during the last quarter. nVerses Capital LLC grew its stake 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 purchasing an additional 3,500 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in nLIGHT in the third quarter valued at $50,000. Quantbot Technologies LP raised its position in nLIGHT by 25.5% during the 3rd quarter. Quantbot Technologies LP now owns 10,092 shares of the company’s stock worth $108,000 after purchasing an additional 2,052 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in nLIGHT by 969.0% during the 3rd quarter. International Assets Investment Management LLC now owns 10,690 shares of the company’s stock worth $114,000 after buying an additional 9,690 shares during the period. Institutional investors and hedge funds own 83.88% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LASR shares. Needham & Company LLC raised their price target 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. Cantor Fitzgerald started coverage on shares of nLIGHT in a research report on Thursday, October 3rd. They issued an “overweight” rating and a $15.50 target price on the 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.