nLight (NASDAQ:LASR) Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lowered its stake in nLight (NASDAQ:LASR - Free Report) by 3.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 909,929 shares of the company's stock after selling 36,920 shares during the quarter. Stephens Investment Management Group LLC owned 1.86% of nLight worth $7,070,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management lifted its holdings in nLight by 47.4% during the fourth quarter. Picton Mahoney Asset Management now owns 2,907 shares of the company's stock valued at $30,000 after purchasing an additional 935 shares in the last quarter. GAMMA Investing LLC raised its position in shares of nLight by 6,563.0% during the 1st quarter. GAMMA Investing LLC now owns 4,864 shares of the company's stock worth $38,000 after purchasing an additional 4,791 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in nLight by 3,951.6% in the 4th quarter. Russell Investments Group Ltd. now owns 3,687 shares of the company's stock valued at $39,000 after buying an additional 3,596 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in nLight in the 4th quarter worth about $102,000. Finally, Quantbot Technologies LP increased its stake in nLight by 17.6% during the 4th quarter. Quantbot Technologies LP now owns 11,864 shares of the company's stock worth $124,000 after buying an additional 1,772 shares in the last quarter. Institutional investors and hedge funds own 83.88% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LASR. Craig Hallum restated a "buy" rating and issued a $24.00 target price (up previously from $14.00) on shares of nLight in a research report on Thursday, June 26th. Needham & Company LLC raised their price objective on nLight from $14.00 to $18.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $17.70.

Insider Activity at nLight

In other news, CEO Scott H. Keeney sold 33,682 shares of nLight stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $19.53, for a total transaction of $657,809.46. Following the sale, the chief executive officer owned 1,206,540 shares of the company's stock, valued at approximately $23,563,726.20. The trade was a 2.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Joseph John Corso sold 10,062 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $17.62, for a total value of $177,292.44. Following the completion of the transaction, the chief financial officer owned 166,362 shares of the company's stock, valued at $2,931,298.44. The trade was a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 201,915 shares of company stock valued at $3,445,301. Corporate insiders own 6.10% of the company's stock.

nLight Trading Down 1.6%

LASR opened at $18.28 on Monday. The firm has a market capitalization of $903.76 million, a price-to-earnings ratio of -16.18 and a beta of 2.33. The company's 50 day simple moving average is $16.08 and its two-hundred day simple moving average is $11.70. nLight has a 1-year low of $6.20 and a 1-year high of $20.17. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.81 and a quick ratio of 4.63.

nLight (NASDAQ:LASR - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.04) EPS for the quarter, topping analysts' consensus estimates of ($0.17) by $0.13. The firm had revenue of $51.67 million for the quarter, compared to the consensus estimate of $47.77 million. nLight had a negative return on equity of 22.23% and a negative net margin of 26.80%. The firm's revenue was up 16.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.17) earnings per share. Analysts expect that nLight will post -1.1 EPS for the current fiscal year.

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.

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