Gilder Gagnon Howe & Co. LLC Invests $908,000 in nLIGHT, Inc. (NASDAQ:LASR)

Gilder Gagnon Howe & Co. LLC bought a new stake in nLIGHT, Inc. (NASDAQ:LASR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 86,551 shares of the company's stock, valued at approximately $908,000. Gilder Gagnon Howe & Co. LLC owned about 0.18% of nLIGHT as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Picton Mahoney Asset Management boosted its position in nLIGHT by 47.4% in the 4th quarter. Picton Mahoney Asset Management now owns 2,907 shares of the company's stock worth $30,000 after purchasing an additional 935 shares in the last quarter. XTX Topco Ltd boosted its holdings in nLIGHT by 7.2% during the fourth quarter. XTX Topco Ltd now owns 24,522 shares of the company's stock worth $257,000 after buying an additional 1,641 shares in the last quarter. Swiss National Bank grew its position in nLIGHT by 1.9% during the fourth quarter. Swiss National Bank now owns 90,000 shares of the company's stock valued at $944,000 after buying an additional 1,700 shares during the period. Quantbot Technologies LP grew its position in nLIGHT by 17.6% during the fourth quarter. Quantbot Technologies LP now owns 11,864 shares of the company's stock valued at $124,000 after buying an additional 1,772 shares during the period. Finally, Sei Investments Co. increased its holdings in nLIGHT by 4.3% in the fourth quarter. Sei Investments Co. now owns 44,691 shares of the company's stock valued at $469,000 after buying an additional 1,861 shares in the last quarter. Institutional investors and hedge funds own 83.88% of the company's stock.

nLIGHT Stock Performance

Shares of LASR traded up $0.54 during mid-day trading on Friday, hitting $8.50. 172,561 shares of the company were exchanged, compared to its average volume of 326,638. nLIGHT, Inc. has a 1-year low of $6.20 and a 1-year high of $14.73. The stock has a market cap of $416.86 million, a price-to-earnings ratio of -8.27 and a beta of 2.24. The company has a 50 day moving average of $8.09 and a 200-day moving average of $10.03.

nLIGHT (NASDAQ:LASR - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported ($0.42) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.21). The business had revenue of $47.38 million during the quarter, compared to analyst estimates of $46.62 million. nLIGHT had a negative net margin of 24.16% and a negative return on equity of 19.53%. Research analysts anticipate that nLIGHT, Inc. will post -1.1 earnings per share for the current fiscal year.

Insider Activity at nLIGHT

In other nLIGHT news, CEO Scott H. Keeney sold 53,511 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $8.17, for a total value of $437,184.87. Following the completion of the sale, the chief executive officer now directly 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.10% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on LASR. Needham & Company LLC dropped their target price on nLIGHT from $16.00 to $14.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st. Stifel Nicolaus dropped their price objective on nLIGHT from $17.00 to $14.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th.

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.