nLight (NASDAQ:LASR) CAO James Nias Sells 1,618 Shares

nLight (NASDAQ:LASRGet Free Report) CAO James Nias sold 1,618 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $68.48, for a total value of $110,800.64. Following the completion of the transaction, the chief accounting officer directly owned 98,976 shares in the company, valued at $6,777,876.48. The trade was a 1.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 Wednesday, May 20th, James Nias sold 415 shares of nLight stock. The shares were sold at an average price of $71.09, for a total value of $29,502.35.
  • On Monday, May 18th, James Nias sold 1,565 shares of nLight stock. The shares were sold at an average price of $70.82, for a total value of $110,833.30.
  • 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 Up 7.2%

Shares of nLight stock traded up $5.13 on Thursday, hitting $76.43. The stock had a trading volume of 1,031,993 shares, compared to its average volume of 1,345,495. nLight has a twelve month low of $13.38 and a twelve month high of $86.95. The business’s 50 day moving average is $68.47 and its two-hundred day moving average is $51.88. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of -254.76 and a beta of 2.34.

nLight (NASDAQ:LASRGet Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.08 by $0.12. nLight had a negative return on equity of 4.18% and a negative net margin of 5.08%.The company had revenue of $80.18 million for the quarter, compared to the consensus estimate of $72.14 million. During the same quarter in the prior year, the business earned ($0.04) earnings per share. The firm’s revenue for the quarter was up 55.2% on a year-over-year basis. As a group, equities analysts predict that nLight will post -0.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. SBI Securities Co. Ltd. lifted its stake in shares of nLight by 22.3% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,225 shares of the company’s stock valued at $46,000 after acquiring an additional 223 shares during the last quarter. Quantinno Capital Management LP lifted its stake in shares of nLight by 0.7% in the 1st quarter. Quantinno Capital Management LP now owns 41,808 shares of the company’s stock valued at $2,384,000 after acquiring an additional 281 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of nLight by 2.7% in the 4th quarter. ProShare Advisors LLC now owns 13,745 shares of the company’s stock valued at $516,000 after acquiring an additional 358 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of nLight by 1.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,574 shares of the company’s stock valued at $997,000 after acquiring an additional 422 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of nLight by 8.0% in the 4th quarter. NewEdge Advisors LLC now owns 6,003 shares of the company’s stock valued at $225,000 after acquiring an additional 443 shares during the last quarter. 83.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LASR has been the topic of a number of analyst reports. Stifel Nicolaus increased their price target on nLight from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday. Raymond James Financial reissued a “strong-buy” rating and set a $100.00 price target on shares of nLight in a research report on Friday, May 8th. Wall Street Zen raised nLight from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of nLight in a research report on Tuesday, April 21st. Finally, Needham & Company LLC increased their price target on nLight from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.06.

View Our Latest Report on nLight

Trending Headlines about nLight

Here are the key news stories impacting nLight this week:

  • Positive Sentiment: nLight reported strong quarterly results earlier this month, with EPS of $0.20 versus estimates of $0.08 and revenue of $80.18 million versus expectations of $72.14 million. Revenue also rose 55.2% year over year, reinforcing the company’s growth story and helping support the stock.
  • Positive Sentiment: Analysts remain broadly constructive, with several firms reiterating or raising buy ratings and price targets, including targets as high as $100. That suggests the market still sees room for more upside in LASR.
  • Neutral Sentiment: Multiple insider sales were disclosed by CEO Scott H. Keeney, CFO Joseph John Corso, and CAO James Nias. The company said the trades were made under pre-arranged 10b5-1 plans and to cover tax withholding tied to vesting equity awards, which makes them less concerning than discretionary selling.
  • Neutral Sentiment: The selling was sizable in dollar terms, especially from the CEO and CFO, so investors may still view it as a sentiment headwind even though the transactions appear routine.

About nLight

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for nLight (NASDAQ:LASR)

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