nLight $LASR Shares Sold by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. reduced its stake in nLight (NASDAQ:LASR) by 35.4%, owning 363,420 shares worth approximately $2.8 million after selling 199,166 shares.
• During the 1st quarter, several institutional investors significantly increased their positions in nLight, with GAMMA Investing LLC's stake growing by 6,563%, and Russell Investments Group Ltd. increasing by 322.3%.
• nLight reported earnings of $0.06 per share for the last quarter, surpassing analysts' estimates and observing a 22.2% revenue growth year-over-year, with total revenue hitting $61.74 million.

Goldman Sachs Group Inc. cut its position in nLight (NASDAQ:LASR - Free Report) by 35.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 363,420 shares of the company's stock after selling 199,166 shares during the period. Goldman Sachs Group Inc. owned approximately 0.74% of nLight worth $2,824,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in shares of nLight by 65.3% in the fourth quarter. BNP Paribas Financial Markets now owns 61,688 shares of the company's stock worth $647,000 after acquiring an additional 24,367 shares during the period. Bank of America Corp DE raised its stake in shares of nLight by 72.0% in the fourth quarter. Bank of America Corp DE now owns 209,644 shares of the company's stock worth $2,199,000 after buying an additional 87,788 shares during the period. Deutsche Bank AG raised its stake in shares of nLight by 65.2% in the fourth quarter. Deutsche Bank AG now owns 38,157 shares of the company's stock worth $400,000 after buying an additional 15,056 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of nLight by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,423 shares of the company's stock worth $277,000 after purchasing an additional 1,140 shares in the last quarter. Finally, ProShare Advisors LLC grew its position in shares of nLight by 46.9% during the fourth 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 hedge funds and other institutional investors.

nLight Stock Down 1.3%

Shares of LASR traded down $0.43 during trading hours on Tuesday, hitting $31.13. The company had a trading volume of 114,028 shares, compared to its average volume of 647,080. The company has a market capitalization of $1.55 billion, a PE ratio of -32.87 and a beta of 2.44. The company has a current ratio of 5.63, a quick ratio of 4.41 and a debt-to-equity ratio of 0.09. nLight has a one year low of $6.20 and a one year high of $32.24. The company's fifty day moving average price is $25.39 and its two-hundred day moving average price is $16.95.

nLight (NASDAQ:LASR - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.15. The firm had revenue of $61.74 million during the quarter, compared to analyst estimates of $55.24 million. nLight had a negative return on equity of 19.12% and a negative net margin of 21.66%.The business's revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.10) EPS. nLight has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that nLight will post -1.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LASR. Raymond James Financial reiterated a "strong-buy" rating on shares of nLight in a research report on Friday, August 8th. Needham & Company LLC raised their price target on nLight from $18.00 to $28.00 and gave the company a "buy" rating in a report on Friday, August 8th. Stifel Nicolaus raised their price target on nLight from $12.00 to $26.00 and gave the company a "buy" rating in a report on Friday, August 8th. Benchmark raised their price objective on nLight from $15.00 to $25.00 and gave the company a "speculative buy" rating in a research note on Friday, August 8th. Finally, Wall Street Zen raised nLight from a "hold" rating to a "buy" rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $27.42.

Insider Buying and Selling at nLight

In related news, CEO Scott H. Keeney sold 62,507 shares of the business's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $30.99, for a total transaction of $1,937,091.93. Following the transaction, the chief executive officer directly owned 2,319,038 shares in the company, valued at $71,866,987.62. The trade was a 2.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Joseph John Corso sold 38,284 shares of the business's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $28.29, for a total value of $1,083,054.36. Following the transaction, the chief financial officer owned 273,118 shares in the company, valued at approximately $7,726,508.22. This trade represents a 12.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 408,662 shares of company stock worth $11,308,311. 6.10% of the stock is owned by company insiders.

nLight 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.