nLIGHT, Inc. (NASDAQ:LASR) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its holdings in shares of nLIGHT, Inc. (NASDAQ:LASR - Free Report) by 20.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,593,169 shares of the company's stock after selling 901,012 shares during the period. Vanguard Group Inc. owned approximately 7.42% of nLIGHT worth $37,692,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of LASR. Raymond James Financial Inc. acquired a new position in nLIGHT during the fourth quarter worth about $1,976,000. Stephens Investment Management Group LLC boosted its stake in shares of nLIGHT by 20.8% during the 4th quarter. Stephens Investment Management Group LLC now owns 946,849 shares of the company's stock worth $9,932,000 after acquiring an additional 162,903 shares in the last quarter. Royce & Associates LP grew its holdings in shares of nLIGHT by 5.3% in the 4th quarter. Royce & Associates LP now owns 2,877,759 shares of the company's stock worth $30,188,000 after acquiring an additional 144,283 shares during the period. Jane Street Group LLC increased its stake in nLIGHT by 98.2% in the 3rd quarter. Jane Street Group LLC now owns 138,646 shares of the company's stock valued at $1,482,000 after purchasing an additional 68,682 shares in the last quarter. Finally, Barclays PLC raised its holdings in nLIGHT by 317.7% during the third quarter. Barclays PLC now owns 70,599 shares of the company's stock worth $755,000 after purchasing an additional 53,699 shares during the last quarter. 83.88% of the stock is owned by hedge funds and other institutional investors.

nLIGHT Stock Performance

nLIGHT stock traded up $0.08 during midday trading on Friday, reaching $7.20. 313,825 shares of the company were exchanged, compared to its average volume of 325,175. The company has a market capitalization of $353.02 million, a price-to-earnings ratio of -6.99 and a beta of 2.24. The firm's 50-day simple moving average is $8.58 and its 200-day simple moving average is $10.24. nLIGHT, Inc. has a 1 year low of $6.20 and a 1 year high of $14.73.

nLIGHT (NASDAQ:LASR - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported ($0.42) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.21). nLIGHT had a negative return on equity of 19.53% and a negative net margin of 24.16%. The firm had revenue of $47.38 million for the quarter, compared to analysts' expectations of $46.62 million. On average, analysts forecast that nLIGHT, Inc. will post -1.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LASR. Needham & Company LLC dropped their price target on nLIGHT from $16.00 to $14.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. Stifel Nicolaus cut their target price on shares of nLIGHT from $17.00 to $14.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th.

Insider Transactions at nLIGHT

In related news, CEO Scott H. Keeney sold 53,511 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $8.17, for a total value of $437,184.87. Following the completion of the transaction, the chief executive officer now directly owns 1,267,927 shares in the company, valued at approximately $10,358,963.59. This represents a 4.05 % 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. Insiders own 6.10% of the company's stock.

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.