nLight (NASDAQ:LASR) CFO Joseph John Corso Sells 3,588 Shares

Key Points

• Joseph John Corso, CFO of nLight, sold 3,588 shares of stock on September 5th for a total of $106,671.24, decreasing his ownership stake by 1.33%.
• nLight recently reported a quarterly earnings performance with an EPS of $0.06, exceeding analyst expectations and marking a 22.2% year-over-year increase in revenue.
• Analysts have been bullish on nLight, with price target upgrades from several firms, suggesting a consensus target price of $26.42.

nLight (NASDAQ:LASR - Get Free Report) CFO Joseph John Corso sold 3,588 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $29.73, for a total value of $106,671.24. Following the transaction, the chief financial officer owned 265,418 shares in the company, valued at $7,890,877.14. This trade represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Thursday, September 4th, Joseph John Corso sold 4,112 shares of nLight stock. The stock was sold at an average price of $29.14, for a total value of $119,823.68.
• On Monday, August 25th, Joseph John Corso sold 38,284 shares of nLight stock. The stock was 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 value of $226,838.31.
• On Thursday, August 21st, Joseph John Corso sold 8,619 shares of nLight stock. The stock was sold at an average price of $26.49, for a total value 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 value of $228,308.98.
• On Tuesday, August 19th, Joseph John Corso sold 8,449 shares of nLight stock. The stock was sold at an average price of $26.28, for a total value of $222,039.72.
• On Monday, August 18th, Joseph John Corso sold 5,991 shares of nLight stock. The stock was sold at an average price of $26.69, for a total value 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 1.7%

NASDAQ:LASR traded down $0.49 on Friday, hitting $28.67. 361,316 shares of the stock were exchanged, compared to its average volume of 856,423. The stock has a market cap of $1.43 billion, a PE ratio of -30.18 and a beta of 2.44. The company has a current ratio of 5.63, a quick ratio of 4.41 and a debt-to-equity ratio of 0.09. The stock has a fifty day moving average of $23.98 and a 200-day moving average of $15.99. nLight has a fifty-two week low of $6.20 and a fifty-two week high of $30.05.

nLight (NASDAQ:LASR - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.15. The company had revenue of $61.74 million during the quarter, compared to analyst estimates of $55.24 million. nLight had a negative return on equity of 19.12% and a negative net margin of 21.66%.The firm's revenue was up 22.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.10) earnings per share. nLight has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that nLight will post -1.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On nLight

A number of institutional investors have recently made changes to their positions in LASR. Invenomic Capital Management LP acquired a new position in shares of nLight in the 1st quarter valued at approximately $6,763,000. Segall Bryant & Hamill LLC raised its position in shares of nLight by 140.4% in the 1st quarter. Segall Bryant & Hamill LLC now owns 1,207,580 shares of the company's stock valued at $9,383,000 after purchasing an additional 705,215 shares in the last quarter. AIGH Capital Management LLC acquired a new position in shares of nLight in the 2nd quarter valued at approximately $11,810,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of nLight in the 2nd quarter valued at approximately $6,778,000. Finally, Needham Investment Management LLC raised its position in shares of nLight by 13.4% in the 4th quarter. Needham Investment Management LLC now owns 2,652,115 shares of the company's stock valued at $27,821,000 after purchasing an additional 314,375 shares in the last quarter. 83.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LASR. Raymond James Financial restated a "strong-buy" rating on shares of nLight in a research note on Friday, August 8th. Needham & Company LLC increased their target price on nLight from $18.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Stifel Nicolaus increased their target price 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 reiterated a "buy" rating and issued a $24.00 target price (up previously from $14.00) on shares of nLight in a research note on Thursday, June 26th. Finally, Cantor Fitzgerald increased their target price on nLight from $14.00 to $27.50 and gave the company an "overweight" rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to MarketBeat, nLight presently 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.