nLIGHT, Inc. (NASDAQ:LASR) Director Sells $509,779.44 in Stock

nLIGHT, Inc. (NASDAQ:LASR - Get Free Report) Director Geoffrey Moore sold 38,796 shares of the business's stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $13.14, for a total transaction of $509,779.44. Following the transaction, the director now owns 71,186 shares of the company's stock, valued at $935,384.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

nLIGHT Stock Up 0.4 %

Shares of NASDAQ LASR traded up $0.05 during mid-day trading on Monday, reaching $13.23. 182,301 shares of the company were exchanged, compared to its average volume of 180,301. nLIGHT, Inc. has a 52 week low of $8.13 and a 52 week high of $15.91. The stock has a market capitalization of $629.22 million, a PE ratio of -12.97 and a beta of 2.42. The company's 50 day moving average price is $12.28 and its 200 day moving average price is $12.66.

nLIGHT (NASDAQ:LASR - Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($0.26) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.02. The business had revenue of $51.89 million during the quarter, compared to the consensus estimate of $48.08 million. nLIGHT had a negative net margin of 23.81% and a negative return on equity of 17.86%. On average, sell-side analysts predict that nLIGHT, Inc. will post -0.89 earnings per share for the current year.

Institutional Trading of nLIGHT

Hedge funds have recently added to or reduced their stakes in the business. Invenomic Capital Management LP increased its position in shares of nLIGHT by 5.9% in the first quarter. Invenomic Capital Management LP now owns 89,350 shares of the company's stock valued at $1,162,000 after acquiring an additional 4,973 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of nLIGHT by 16.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,154 shares of the company's stock valued at $172,000 after acquiring an additional 1,886 shares during the period. Keeley Teton Advisors LLC increased its position in shares of nLIGHT by 17.2% in the first quarter. Keeley Teton Advisors LLC now owns 77,788 shares of the company's stock valued at $1,011,000 after acquiring an additional 11,437 shares during the period. EntryPoint Capital LLC increased its position in shares of nLIGHT by 484.2% during the first quarter. EntryPoint Capital LLC now owns 20,703 shares of the company's stock valued at $269,000 after buying an additional 17,159 shares during the period. Finally, Clearbridge Investments LLC increased its position in shares of nLIGHT by 0.7% during the first quarter. Clearbridge Investments LLC now owns 1,656,803 shares of the company's stock valued at $21,538,000 after buying an additional 12,014 shares during the period. 83.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LASR. Benchmark restated a "speculative buy" rating and set a $17.00 price target on shares of nLIGHT in a research report on Friday, May 3rd. Needham & Company LLC dropped their price objective on shares of nLIGHT from $16.00 to $15.00 and set a "buy" rating for the company in a report on Friday, May 3rd.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.