nLight (NASDAQ:LASR) CAO James Nias Sells 1,565 Shares of Stock

nLight (NASDAQ:LASR) CAO James Nias sold 1,565 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $70.82, for a total value of $110,833.30. Following the completion of the transaction, the chief accounting officer owned 100,594 shares of the company’s stock, valued at $7,124,067.08. This represents a 1.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

James Nias also recently made the following trade(s):

• On Friday, May 15th, James Nias sold 1,487 shares of nLight stock. The shares were sold at an average price of $75.16, for a total value of $111,762.92.
• On Thursday, March 12th, James Nias sold 1,808 shares of nLight stock. The shares were sold at an average price of $64.42, for a total value of $116,471.36.
• On Thursday, March 5th, James Nias sold 3,249 shares of nLight stock. The shares were sold at an average price of $61.96, for a total value of $201,308.04.

nLight Stock Performance

Shares of LASR opened at $69.49 on Wednesday. The stock has a 50 day simple moving average of $68.02 and a 200 day simple moving average of $51.29. nLight has a 52-week low of $12.45 and a 52-week high of $86.95. The firm has a market capitalization of $3.92 billion, a PE ratio of -231.63 and a beta of 2.34.

nLight (NASDAQ:LASR) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.12. The business had revenue of $80.18 million during the quarter, compared to analyst estimates of $72.14 million. nLight had a negative return on equity of 4.18% and a negative net margin of 5.08%.nLight’s quarterly revenue was up 55.2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.04) EPS. Equities research analysts predict that nLight will post -0.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on LASR shares. Roth Mkm reaffirmed a “buy” rating and set a $81.00 price target on shares of nLight in a research note on Friday, April 24th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $100.00 price target on shares of nLight in a research note on Friday, May 8th. William Blair started coverage on shares of nLight in a research note on Friday, March 27th. They set an “outperform” rating for the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $75.00 price target (up from $68.00) on shares of nLight in a research note on Friday, April 17th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of nLight in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $67.81.

Institutional Investors Weigh In On nLight

Large investors have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of nLight in the 1st quarter valued at approximately $52,000. Sunbelt Securities Inc. boosted its holdings in shares of nLight by 7,142.9% in the 4th quarter. Sunbelt Securities Inc. now owns 1,014 shares of the company’s stock valued at $38,000 after buying an additional 1,000 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of nLight by 155.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,062 shares of the company’s stock valued at $40,000 after buying an additional 647 shares during the last quarter. Financial Consulate Inc. acquired a new stake in shares of nLight in the 4th quarter valued at approximately $41,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of nLight by 7,871.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,116 shares of the company’s stock valued at $42,000 after buying an additional 1,102 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. The company also provides laser sensors, including light detection and ranging technologies for intelligence, surveillance, and reconnaissance applications; and fiber amplifiers, beam combination, and control systems for use in high-energy laser systems in directed energy applications.