XTX Topco Ltd Sells 9,730 Shares of nLIGHT, Inc. (NASDAQ:LASR)

XTX Topco Ltd reduced its position in shares of nLIGHT, Inc. (NASDAQ:LASR) by 29.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,881 shares of the company’s stock after selling 9,730 shares during the period. XTX Topco Ltd’s holdings in nLIGHT were worth $245,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of LASR. Divisar Capital Management LLC increased its holdings in shares of nLIGHT by 9.4% in the second quarter. Divisar Capital Management LLC now owns 1,545,935 shares of the company’s stock valued at $16,897,000 after purchasing an additional 133,023 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of nLIGHT by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 385,784 shares of the company’s stock valued at $4,124,000 after buying an additional 8,139 shares during the period. Victory Capital Management Inc. increased its position in nLIGHT by 6.6% in the 3rd quarter. Victory Capital Management Inc. now owns 97,500 shares of the company’s stock valued at $1,042,000 after acquiring an additional 6,000 shares during the period. Creative Planning bought a new position in nLIGHT during the 3rd quarter worth $136,000. Finally, Natixis Advisors LLC raised its holdings in nLIGHT by 19.2% during the 2nd quarter. Natixis Advisors LLC now owns 93,043 shares of the company’s stock worth $1,017,000 after purchasing an additional 14,983 shares during the last quarter. Institutional investors and hedge funds own 83.88% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on LASR shares. Needham & Company LLC lifted their price objective on shares of nLIGHT from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Cantor Fitzgerald initiated coverage on nLIGHT in a research note on Thursday, October 3rd. They issued an “overweight” rating and a $15.50 price objective for the company.

nLIGHT Price Performance

Shares of nLIGHT stock opened at $10.11 on Thursday. nLIGHT, Inc. has a one year low of $9.80 and a one year high of $14.75. The business’s 50 day simple moving average is $11.32 and its two-hundred day simple moving average is $11.37. The stock has a market capitalization of $489.62 million, a P/E ratio of -9.82 and a beta of 2.20.

Insider Activity

In other nLIGHT news, CEO Scott H. Keeney sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $13.73, for a total transaction of $205,950.00. Following the completion of the sale, the chief executive officer now directly owns 1,347,781 shares in the company, valued at $18,505,033.13. The trade was a 1.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Joseph John Corso sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $10.92, for a total transaction of $27,300.00. Following the sale, the chief financial officer now owns 155,129 shares of the company’s stock, valued at $1,694,008.68. This trade represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,006 shares of company stock worth $907,566 in the last quarter. 6.10% of the stock is owned by company insiders.

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.