Brighton Jones LLC Sells 24,869 Shares of nLight $LASR

Brighton Jones LLC trimmed its position in nLight (NASDAQ:LASR) by 26.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,341 shares of the company’s stock after selling 24,869 shares during the period. Brighton Jones LLC’s holdings in nLight were worth $1,365,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in nLight by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 3,667,332 shares of the company’s stock worth $28,495,000 after purchasing an additional 74,163 shares in the last quarter. King Luther Capital Management Corp bought a new stake in nLight during the 1st quarter worth approximately $388,000. Segall Bryant & Hamill LLC increased its holdings in nLight by 140.4% during the 1st quarter. Segall Bryant & Hamill LLC now owns 1,207,580 shares of the company’s stock worth $9,383,000 after purchasing an additional 705,215 shares in the last quarter. Keeley Teton Advisors LLC increased its holdings in nLight by 89.7% during the 1st quarter. Keeley Teton Advisors LLC now owns 127,356 shares of the company’s stock worth $990,000 after purchasing an additional 60,221 shares in the last quarter. Finally, AIGH Capital Management LLC bought a new stake in nLight during the 2nd quarter worth approximately $11,810,000. 83.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on LASR shares. Benchmark boosted their price objective on nLight from $15.00 to $25.00 and gave the stock a “speculative buy” rating in a report on Friday, August 8th. Raymond James Financial reissued a “strong-buy” rating on shares of nLight in a report on Friday, August 8th. Needham & Company LLC boosted their price objective on nLight from $18.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Zacks Research raised nLight from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Finally, Cantor Fitzgerald boosted their price objective on nLight from $27.50 to $33.50 and gave the stock an “overweight” rating in a report on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, nLight currently has an average rating of “Buy” and an average target price of $27.42.

Insider Activity at nLight

In related news, CEO Scott H. Keeney sold 62,507 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $30.99, for a total value of $1,937,091.93. Following the transaction, the chief executive officer owned 2,319,038 shares in the company, valued at approximately $71,866,987.62. This represents a 2.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Joseph John Corso sold 38,284 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $28.29, for a total value of $1,083,054.36. Following the completion of the transaction, the chief financial officer owned 273,118 shares in the company, valued at approximately $7,726,508.22. The trade was a 12.29% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 374,980 shares of company stock worth $10,650,501. 6.10% of the stock is owned by company insiders.

nLight Price Performance

nLight stock opened at $33.53 on Tuesday. nLight has a 12 month low of $6.20 and a 12 month high of $33.73. The company has a current ratio of 5.63, a quick ratio of 4.41 and a debt-to-equity ratio of 0.09. The business’s 50 day simple moving average is $29.79 and its 200 day simple moving average is $20.87. The company has a market cap of $1.67 billion, a price-to-earnings ratio of -35.29 and a beta of 2.48.

nLight (NASDAQ:LASR) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.15. nLight had a negative return on equity of 19.12% and a negative net margin of 21.66%.The business had revenue of $61.74 million for the quarter, compared to the consensus estimate of $55.24 million. During the same quarter in the prior year, the business earned ($0.10) earnings per share. nLight’s revenue for the quarter was up 22.2% on a year-over-year basis. nLight has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that nLight will post -1.1 EPS for the current year.

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.