Insider Selling: nLight (NASDAQ:LASR) CFO Sells $119,823.68 in Stock

Key Points

• nLight CFO Joseph John Corso sold 4,112 shares of the company's stock for a total of $119,823.68, decreasing their ownership stake by 1.51% to approximately $7.84 million.
• The company recently reported earnings of $0.06 per share, exceeding estimates, with revenue of $61.74 million, a 22.2% increase year-over-year.
• Analysts are generally optimistic, with average ratings for nLight being "Buy" and a consensus target price of $26.42.

nLight (NASDAQ:LASR - Get Free Report) CFO Joseph John Corso sold 4,112 shares of the business's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $29.14, for a total value of $119,823.68. Following the completion of the sale, the chief financial officer directly owned 269,006 shares of the company's stock, valued at approximately $7,838,834.84. This trade represents a 1.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Joseph John Corso also recently made the following trade(s):

• On Friday, September 5th, Joseph John Corso sold 3,588 shares of nLight stock. The stock was sold at an average price of $29.73, for a total value of $106,671.24.
• On Monday, August 25th, Joseph John Corso sold 38,284 shares of nLight stock. The shares were sold at an average price of $28.29, for a total value of $1,083,054.36.
• On Friday, August 22nd, Joseph John Corso sold 8,007 shares of nLight stock. The stock was sold at an average price of $28.33, for a total transaction of $226,838.31.
• On Thursday, August 21st, Joseph John Corso sold 8,619 shares of nLight stock. The shares were sold at an average price of $26.49, for a total transaction of $228,317.31.
• On Wednesday, August 20th, Joseph John Corso sold 8,894 shares of nLight stock. The stock was sold at an average price of $25.67, for a total transaction of $228,308.98.
• On Tuesday, August 19th, Joseph John Corso sold 8,449 shares of nLight stock. The shares were sold at an average price of $26.28, for a total transaction of $222,039.72.
• On Monday, August 18th, Joseph John Corso sold 5,991 shares of nLight stock. The shares were sold at an average price of $26.69, for a total transaction of $159,899.79.
• On Friday, June 13th, Joseph John Corso sold 10,062 shares of nLight stock. The stock was sold at an average price of $17.62, for a total value of $177,292.44.

nLight Trading Down 1.3%

NASDAQ:LASR traded down $0.38 during mid-day trading on Monday, reaching $28.49. 620,066 shares of the company's stock traded hands, compared to its average volume of 976,549. The company has a 50 day moving average price of $23.22 and a 200-day moving average price of $15.50. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of -29.99 and a beta of 2.44. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.63 and a quick ratio of 4.41. nLight has a 12-month low of $6.20 and a 12-month high of $30.00.

nLight (NASDAQ:LASR - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.15. The business had revenue of $61.74 million during the quarter, compared to analysts' expectations 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 was up 22.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.10) EPS. nLight has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that nLight will post -1.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on LASR shares. Craig Hallum restated a "buy" rating and issued a $24.00 price objective (up from $14.00) on shares of nLight in a report on Thursday, June 26th. Benchmark increased their price target on shares of nLight from $15.00 to $25.00 and gave the stock a "speculative buy" rating in a research note on Friday, August 8th. Cantor Fitzgerald lifted their price objective on nLight from $14.00 to $27.50 and gave the company an "overweight" rating in a research report on Friday, August 8th. Raymond James Financial restated a "strong-buy" rating on shares of nLight in a research note on Friday, August 8th. Finally, Needham & Company LLC lifted their price target on nLight from $18.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $26.42.

Hedge Funds Weigh In On nLight

Several institutional investors and hedge funds have recently modified their holdings of LASR. Invenomic Capital Management LP bought a new position in nLight in the 1st quarter worth about $6,763,000. Segall Bryant & Hamill LLC lifted its stake in shares of nLight by 140.4% in the first quarter. Segall Bryant & Hamill LLC now owns 1,207,580 shares of the company's stock worth $9,383,000 after buying an additional 705,215 shares in the last quarter. AIGH Capital Management LLC bought a new position in shares of nLight in the second quarter worth approximately $11,810,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of nLight during the second quarter valued at approximately $6,778,000. Finally, Needham Investment Management LLC increased its position in shares of nLight by 13.4% during the fourth quarter. Needham Investment Management LLC now owns 2,652,115 shares of the company's stock valued at $27,821,000 after acquiring an additional 314,375 shares in the last quarter. 83.88% of the stock is currently 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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