nLight (NASDAQ:LASR) CEO Scott H. Keeney Sells 4,063 Shares

nLight (NASDAQ:LASR - Get Free Report) CEO Scott H. Keeney sold 4,063 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $19.01, for a total value of $77,237.63. Following the transaction, the chief executive officer now directly owns 1,277,477 shares of the company's stock, valued at approximately $24,284,837.77. The trade was a 0.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

nLight Trading Down 5.3%

nLight stock traded down $0.97 during midday trading on Friday, reaching $17.40. 1,468,294 shares of the stock traded hands, compared to its average volume of 417,150. The company has a 50-day simple moving average of $12.65 and a two-hundred day simple moving average of $10.83. nLight has a 12-month low of $6.20 and a 12-month high of $19.44. The firm has a market cap of $860.26 million, a PE ratio of -15.40 and a beta of 2.27. The company has a current ratio of 5.81, a quick ratio of 4.63 and a debt-to-equity ratio of 0.09.

nLight (NASDAQ:LASR - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.04) EPS for the quarter, beating analysts' consensus estimates of ($0.17) by $0.13. nLight had a negative return on equity of 22.23% and a negative net margin of 26.80%. The company had revenue of $51.67 million during the quarter, compared to analysts' expectations of $47.77 million. During the same period last year, the business posted ($0.17) EPS. nLight's revenue for the quarter was up 16.2% on a year-over-year basis. Research analysts expect that nLight will post -1.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on LASR. Needham & Company LLC increased their price objective on nLight from $14.00 to $18.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Craig Hallum upgraded nLight from a "hold" rating to a "buy" rating and set a $14.00 price target for the company in a report on Friday, May 9th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $15.70.

Hedge Funds Weigh In On nLight

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in nLight by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 3,667,332 shares of the company's stock valued at $28,495,000 after acquiring an additional 74,163 shares during the period. Royce & Associates LP boosted its stake in shares of nLight by 5.4% in the 1st quarter. Royce & Associates LP now owns 3,034,044 shares of the company's stock valued at $23,575,000 after buying an additional 156,285 shares during the period. Needham Investment Management LLC boosted its stake 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 buying an additional 314,375 shares during the period. Senvest Management LLC boosted its stake in shares of nLight by 114.1% in the 4th quarter. Senvest Management LLC now owns 2,481,677 shares of the company's stock valued at $26,033,000 after buying an additional 1,322,637 shares during the period. Finally, AWM Investment Company Inc. boosted its stake in shares of nLight by 29.5% in the 1st quarter. AWM Investment Company Inc. now owns 1,319,917 shares of the company's stock valued at $10,256,000 after buying an additional 300,924 shares during the period. 83.88% of the stock is currently owned by hedge funds and other 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.