nLight (NASDAQ:LASR) CEO Sells $1,937,091.93 in Stock

Key Points

• nLight CEO Scott Keeney sold 62,507 shares valued at nearly $1.94 million on September 18, reducing his ownership stake by 2.62% to approximately 2.32 million shares.
• The stock's performance showed a 1.2% increase during recent trading, reaching $31.55, with analysts maintaining a generally positive outlook and setting price targets between $25.00 and $33.50.
• nLight reported Q2 earnings of $0.06 per share, exceeding estimates, with revenue up 22.2% year-over-year, highlighting a significant improvement despite ongoing losses.

nLight (NASDAQ:LASR - Get Free Report) CEO Scott Keeney sold 62,507 shares of nLight stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $30.99, for a total value of $1,937,091.93. Following the completion of the transaction, the chief executive officer owned 2,319,038 shares of the company's stock, valued at $71,866,987.62. This trade represents a 2.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

nLight Stock Up 1.2%

NASDAQ:LASR traded up $0.37 during mid-day trading on Monday, reaching $31.55. The stock had a trading volume of 981,674 shares, compared to its average volume of 650,496. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of -33.21 and a beta of 2.44. nLight has a 1-year low of $6.20 and a 1-year high of $32.24. The stock's 50 day simple moving average is $25.13 and its two-hundred day simple moving average is $16.79. 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 (NASDAQ:LASR - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.15. The business had revenue of $61.74 million during the quarter, compared to the consensus estimate of $55.24 million. nLight had a negative return on equity of 19.12% and a negative net margin of 21.66%.The company's revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.10) earnings per share. nLight has set its Q3 2025 guidance at EPS. Equities analysts anticipate that nLight will post -1.1 EPS for the current year.

Institutional Trading of nLight

Several large investors have recently added to or reduced their stakes in LASR. Invenomic Capital Management LP acquired a new stake in nLight during the 1st quarter valued at $6,763,000. Segall Bryant & Hamill LLC raised its stake in nLight by 140.4% during 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 during the period. AIGH Capital Management LLC acquired a new stake in nLight during the 2nd quarter valued at $11,810,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of nLight in the second quarter worth $6,778,000. Finally, AWM Investment Company Inc. increased its stake in shares of nLight by 29.5% in the first quarter. AWM Investment Company Inc. now owns 1,319,917 shares of the company's stock worth $10,256,000 after acquiring an additional 300,924 shares during the last quarter. 83.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LASR has been the subject of a number of research reports. Benchmark lifted their target price on nLight from $15.00 to $25.00 and gave the company a "speculative buy" rating in a research note on Friday, August 8th. Cantor Fitzgerald lifted their target price on nLight from $27.50 to $33.50 and gave the company an "overweight" rating in a research note on Monday, September 15th. Wall Street Zen upgraded nLight from a "hold" rating to a "buy" rating in a research note on Saturday. Stifel Nicolaus boosted their price objective on nLight from $12.00 to $26.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of nLight in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to data from MarketBeat, nLight has an average rating of "Buy" and an average price target of $27.42.

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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