nLIGHT, Inc. (NASDAQ:LASR) Stake Trimmed by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP trimmed its position in nLIGHT, Inc. (NASDAQ:LASR - Free Report) by 88.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,504 shares of the company's stock after selling 112,674 shares during the period. ExodusPoint Capital Management LP's holdings in nLIGHT were worth $152,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Picton Mahoney Asset Management lifted its holdings in nLIGHT by 47.4% in the fourth quarter. Picton Mahoney Asset Management now owns 2,907 shares of the company's stock worth $30,000 after acquiring an additional 935 shares during the last quarter. R Squared Ltd bought a new stake in shares of nLIGHT in the 4th quarter worth approximately $33,000. KLP Kapitalforvaltning AS acquired a new position in nLIGHT during the 4th quarter valued at approximately $102,000. Moody National Bank Trust Division bought a new position in nLIGHT during the 4th quarter worth $115,000. Finally, Quantbot Technologies LP increased its position in nLIGHT by 17.6% in the fourth quarter. Quantbot Technologies LP now owns 11,864 shares of the company's stock worth $124,000 after buying an additional 1,772 shares during the period. 83.88% of the stock is owned by institutional investors.

Insider Buying and Selling at nLIGHT

In related news, CEO Scott H. Keeney sold 53,511 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $8.17, for a total transaction of $437,184.87. Following the completion of the transaction, the chief executive officer now owns 1,267,927 shares of the company's stock, valued at $10,358,963.59. This trade represents a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 6.10% of the stock is currently owned by corporate insiders.

nLIGHT Price Performance

Shares of LASR traded up $0.08 during trading hours on Friday, reaching $7.20. 313,825 shares of the company's stock traded hands, compared to its average volume of 325,667. nLIGHT, Inc. has a twelve month low of $6.20 and a twelve month high of $14.73. The business's fifty day simple moving average is $8.58 and its two-hundred day simple moving average is $10.24. The firm has a market capitalization of $353.02 million, a price-to-earnings ratio of -6.99 and a beta of 2.24.

nLIGHT (NASDAQ:LASR - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.21). nLIGHT had a negative net margin of 24.16% and a negative return on equity of 19.53%. The company had revenue of $47.38 million for the quarter, compared to analyst estimates of $46.62 million. On average, equities research analysts expect that nLIGHT, Inc. will post -1.1 EPS for the current year.

Analyst Ratings Changes

LASR has been the subject of several analyst reports. Stifel Nicolaus reduced their price target on shares of nLIGHT from $17.00 to $14.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Needham & Company LLC cut their price objective on shares of nLIGHT from $16.00 to $14.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st.

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.