Insider Selling: nLight (NASDAQ:LASR) CEO Sells 9,604 Shares of Stock

Key Points

• Scott Keeney, CEO of nLight, sold 9,604 shares on September 4th for approximately $279,860, reducing his stake by 0.40% to 2,396,936 shares valued at about $69.8 million.
• nLight's stock decreased by 1.3% to $28.49 following the CEO's sale, with a 52-week range between $6.20 and $30.00.
• nLight reported better-than-expected quarterly earnings with an EPS of $0.06, surpassing analysts' estimates and showing a 22.2% year-over-year revenue growth.

nLight (NASDAQ:LASR - Get Free Report) CEO Scott Keeney sold 9,604 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $29.14, for a total transaction of $279,860.56. Following the completion of the sale, the chief executive officer owned 2,396,936 shares of the company's stock, valued at approximately $69,846,715.04. This represents a 0.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

nLight Stock Down 1.3%

nLight stock traded down $0.38 during midday trading on Monday, hitting $28.49. 620,066 shares of the stock were exchanged, compared to its average volume of 976,549. nLight has a 52-week low of $6.20 and a 52-week high of $30.00. The company has a quick ratio of 4.41, a current ratio of 5.63 and a debt-to-equity ratio of 0.09. The business's 50-day moving average price is $23.22 and its 200-day moving average price is $15.50. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of -29.99 and a beta of 2.44.

nLight (NASDAQ:LASR - Get Free Report) last issued 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. The company had revenue of $61.74 million during the quarter, compared to the consensus estimate of $55.24 million. nLight had a negative return on equity of 19.12% and a negative net margin of 21.66%.nLight's revenue was up 22.2% on a year-over-year basis. During the same period last year, the business posted ($0.10) earnings per share. nLight has set its Q3 2025 guidance at EPS. On average, research analysts expect that nLight will post -1.1 EPS for the current fiscal year.

Hedge Funds Weigh In On nLight

Hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in nLight by 72.0% during the 4th quarter. Bank of America Corp DE now owns 209,644 shares of the company's stock valued at $2,199,000 after purchasing an additional 87,788 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of nLight by 2.1% in the first quarter. Vanguard Group Inc. now owns 3,667,332 shares of the company's stock worth $28,495,000 after purchasing an additional 74,163 shares during the last quarter. King Luther Capital Management Corp bought a new position in shares of nLight during the first quarter valued at $388,000. Segall Bryant & Hamill LLC boosted its position in shares of nLight by 140.4% during the first quarter. Segall Bryant & Hamill LLC now owns 1,207,580 shares of the company's stock valued at $9,383,000 after buying an additional 705,215 shares during the last quarter. Finally, Keeley Teton Advisors LLC boosted its position in shares of nLight by 89.7% during the first quarter. Keeley Teton Advisors LLC now owns 127,356 shares of the company's stock valued at $990,000 after buying an additional 60,221 shares during the last quarter. 83.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LASR has been the subject of several research reports. Needham & Company LLC increased their price objective on nLight from $18.00 to $28.00 and gave the company a "buy" rating in a report on Friday, August 8th. Stifel Nicolaus lifted their price objective on nLight from $12.00 to $26.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Craig Hallum restated a "buy" rating and set a $24.00 price objective (up previously from $14.00) on shares of nLight in a research report on Thursday, June 26th. Cantor Fitzgerald upped their target price on nLight from $14.00 to $27.50 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of nLight in a research note 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 currently has an average rating of "Buy" and an average price target of $26.42.

About nLight

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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