Insider Selling: nLight (NASDAQ:LASR) CEO Sells 15,391 Shares of Stock

Key Points

• nLight CEO Scott Keeney sold 15,391 shares of the company stock for approximately $443,876, reducing his ownership by 0.64% to 2,381,545 shares valued at about $68.7 million.
• nLight's most recent earnings report showed a positive earnings per share (EPS) of $0.06, surpassing analyst estimates and a revenue of $61.74 million, reflecting a 22.2% increase year-over-year.
• Recent analyst reports indicate a consensus Buy rating for nLight, with price targets ranging from $24.00 to $33.50 after several upward adjustments by major firms.

nLight (NASDAQ:LASR - Get Free Report) CEO Scott Keeney sold 15,391 shares of nLight stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $28.84, for a total value of $443,876.44. Following the transaction, the chief executive officer owned 2,381,545 shares of the company's stock, valued at $68,683,757.80. The trade was a 0.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

nLight Price Performance

nLight stock traded down $0.30 during midday trading on Tuesday, reaching $29.43. 652,028 shares of the company's stock were exchanged, compared to its average volume of 843,108. nLight has a 52 week low of $6.20 and a 52 week high of $30.56. The stock's 50-day simple moving average is $24.19 and its 200 day simple moving average is $16.18. 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 (NASDAQ:LASR - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, topping 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 company had revenue of $61.74 million during the quarter, compared to analysts' expectations of $55.24 million. During the same quarter in the previous year, the company posted ($0.10) earnings per share. The business's revenue was up 22.2% on a year-over-year basis. nLight has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that nLight will post -1.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LASR has been the subject of several recent research reports. Stifel Nicolaus boosted their price target on nLight from $12.00 to $26.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Raymond James Financial restated a "strong-buy" rating on shares of nLight in a research report on Friday, August 8th. Craig Hallum restated a "buy" rating and set a $24.00 price objective (up from $14.00) on shares of nLight in a research report on Thursday, June 26th. Cantor Fitzgerald boosted their price objective on shares of nLight from $27.50 to $33.50 and gave the company an "overweight" rating in a research report on Monday. Finally, Needham & Company LLC boosted their price objective on shares of nLight from $18.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $27.42.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its stake in shares of nLight by 147.6% in the second quarter. GAMMA Investing LLC now owns 1,550 shares of the company's stock valued at $31,000 after buying an additional 924 shares during the period. Osaic Holdings Inc. increased its stake in shares of nLight by 1,599.1% in the second quarter. Osaic Holdings Inc. now owns 1,835 shares of the company's stock valued at $36,000 after buying an additional 1,727 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of nLight by 162.4% in the second quarter. Nisa Investment Advisors LLC now owns 2,747 shares of the company's stock valued at $54,000 after buying an additional 1,700 shares during the period. Militia Capital Partners LP acquired a new stake in shares of nLight in the second quarter valued at about $71,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of nLight by 213.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,764 shares of the company's stock valued at $94,000 after buying an additional 3,246 shares during the period. 83.88% of the stock is owned by institutional investors.

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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