Cinctive Capital Management LP Has $3.21 Million Stock Holdings in nLight $LASR

Key Points

• Cinctive Capital Management LP increased its stake in nLight by 228.8%, purchasing an additional 287,079 shares during the first quarter, bringing its total ownership to approximately 0.83% worth $3.2 million.
• nLight reported a quarterly earnings per share of $0.06, surpassing expectations and showing a 22.2% year-over-year revenue growth to $61.74 million.
• Analysts have raised their price targets for nLight, with Needham & Company increasing theirs to $28.00, reflecting strong sentiment with a consensus rating of "Buy" for the stock.

Cinctive Capital Management LP increased its holdings in shares of nLight (NASDAQ:LASR - Free Report) by 228.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 412,555 shares of the company's stock after acquiring an additional 287,079 shares during the quarter. Cinctive Capital Management LP owned about 0.83% of nLight worth $3,206,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. GAMMA Investing LLC grew its position in shares of nLight by 6,563.0% in the first quarter. GAMMA Investing LLC now owns 4,864 shares of the company's stock valued at $38,000 after purchasing an additional 4,791 shares during the last quarter. State of Wyoming grew its holdings in nLight by 110.6% in the 1st quarter. State of Wyoming now owns 14,762 shares of the company's stock valued at $115,000 after buying an additional 7,754 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of nLight by 322.3% in the first quarter. Russell Investments Group Ltd. now owns 15,571 shares of the company's stock valued at $121,000 after acquiring an additional 11,884 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of nLight by 19.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,803 shares of the company's stock valued at $187,000 after acquiring an additional 2,888 shares in the last quarter. Finally, ProShare Advisors LLC grew its position in shares of nLight by 46.9% during the 4th quarter. ProShare Advisors LLC now owns 19,112 shares of the company's stock worth $200,000 after purchasing an additional 6,098 shares in the last quarter. 83.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LASR shares. Needham & Company LLC increased their target price on shares of nLight from $18.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Benchmark increased their price target on nLight from $15.00 to $25.00 and gave the stock a "speculative buy" rating in a research report on Friday, August 8th. Stifel Nicolaus increased their price objective on shares of nLight from $12.00 to $26.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Cantor Fitzgerald increased their price target on shares of nLight from $14.00 to $27.50 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Finally, Craig Hallum reiterated a "buy" rating and set a $24.00 price target (up previously from $14.00) on shares of nLight in a research report on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat, nLight has a consensus rating of "Buy" and an average target price of $26.42.

nLight Trading Down 2.2%

Shares of LASR stock traded down $0.66 during mid-day trading on Friday, reaching $28.87. 815,941 shares of the stock traded hands, compared to its average volume of 976,549. The stock's fifty day simple moving average is $23.05 and its two-hundred day simple moving average is $15.37. nLight has a 1-year low of $6.20 and a 1-year high of $30.00. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -30.39 and a beta of 2.44. The company has a quick ratio of 4.41, a current ratio of 5.63 and a debt-to-equity ratio of 0.09.

nLight (NASDAQ:LASR - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.06 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $61.74 million for the quarter, compared to analyst estimates of $55.24 million. During the same period last year, the firm posted ($0.10) earnings per share. The business's revenue for the quarter was up 22.2% on a year-over-year basis. nLight has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that nLight will post -1.1 EPS for the current fiscal year.

Insider Activity

In other nLight news, CFO Joseph John Corso sold 38,284 shares of nLight stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $28.29, for a total transaction of $1,083,054.36. Following the transaction, the chief financial officer directly owned 273,118 shares of the company's stock, valued at approximately $7,726,508.22. The trade was a 12.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Scott H. Keeney sold 35,732 shares of nLight stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $28.29, for a total value of $1,010,858.28. Following the completion of the transaction, the chief executive officer directly owned 2,513,734 shares in the company, valued at approximately $71,113,534.86. This represents a 1.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 364,300 shares of company stock worth $9,374,016 over the last ninety days. Company insiders own 6.10% 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.