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

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 nLight stock in a transaction on Friday, September 5th. The shares were sold at an average price of $29.73, for a total value of $106,671.24. Following the sale, the chief financial officer directly owned 265,418 shares of the company's stock, valued at $7,890,877.14. This represents a 1.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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 shares were 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 shares were sold at an average price of $28.29, for a total transaction 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 stock was 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 shares were 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 shares were 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 shares were sold at an average price of $17.62, for a total value of $177,292.44.

nLight Trading Down 1.3%

Shares of nLight stock traded down $0.38 during midday 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 stock has a 50 day moving average of $23.22 and a 200-day moving average of $15.50. nLight has a 12 month low of $6.20 and a 12 month high of $30.00. The company has a market cap of $1.42 billion, a PE ratio of -29.99 and a beta of 2.44. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.41 and a current ratio of 5.63.

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

Hedge Funds Weigh In On nLight

Several hedge funds and other institutional investors have recently modified their holdings of LASR. Osaic Holdings Inc. boosted its stake in shares of nLight by 1,599.1% in the 2nd quarter. Osaic Holdings Inc. now owns 1,835 shares of the company's stock worth $36,000 after buying an additional 1,727 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of nLight during the 2nd quarter valued at about $2,546,000. State of Wyoming increased its position in shares of nLight by 37.2% during the 2nd quarter. State of Wyoming now owns 20,251 shares of the company's stock valued at $399,000 after purchasing an additional 5,489 shares during the last quarter. Caxton Associates LLP purchased a new stake in shares of nLight during the 2nd quarter valued at about $364,000. Finally, FORA Capital LLC bought a new stake in nLight during the second quarter valued at approximately $227,000. 83.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on LASR shares. Stifel Nicolaus upped their target price on nLight from $12.00 to $26.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Craig Hallum reiterated a "buy" rating and issued a $24.00 price objective (up previously from $14.00) on shares of nLight in a report on Thursday, June 26th. Benchmark upped their price objective on shares of nLight from $15.00 to $25.00 and gave the stock a "speculative buy" rating in a report on Friday, August 8th. Needham & Company LLC boosted their price target on nLight from $18.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Finally, Cantor Fitzgerald lifted their price objective on nLight from $14.00 to $27.50 and gave the company an "overweight" rating in a research note on Friday, August 8th. One equities 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.com, the company currently has a consensus rating of "Buy" and a consensus 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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