XTX Topco Ltd Purchases 22,479 Shares of nLIGHT, Inc. (NASDAQ:LASR)

XTX Topco Ltd increased its position in shares of nLIGHT, Inc. (NASDAQ:LASR) by 221.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,611 shares of the company’s stock after buying an additional 22,479 shares during the period. XTX Topco Ltd’s holdings in nLIGHT were worth $356,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. ProShare Advisors LLC increased its position in nLIGHT by 15.0% during the 1st quarter. ProShare Advisors LLC now owns 11,518 shares of the company’s stock valued at $150,000 after purchasing an additional 1,503 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in nLIGHT by 16.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,154 shares of the company’s stock valued at $172,000 after buying an additional 1,886 shares during the period. State Board of Administration of Florida Retirement System raised its stake in nLIGHT by 9.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 13,913 shares of the company’s stock worth $181,000 after buying an additional 1,220 shares in the last quarter. EntryPoint Capital LLC lifted its holdings in nLIGHT by 484.2% during the first quarter. EntryPoint Capital LLC now owns 20,703 shares of the company’s stock worth $269,000 after buying an additional 17,159 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in nLIGHT by 79.1% during the 1st quarter. BNP Paribas Financial Markets now owns 21,812 shares of the company’s stock valued at $284,000 after acquiring an additional 9,635 shares in the last quarter. 83.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price target on shares of nLIGHT in a research report on Monday, August 5th. Benchmark reiterated a “speculative buy” rating and issued a $17.00 target price on shares of nLIGHT in a report on Friday, August 2nd.

nLIGHT Stock Up 2.8 %

NASDAQ:LASR opened at $10.70 on Friday. The firm has a 50 day moving average of $11.25 and a 200 day moving average of $11.86. nLIGHT, Inc. has a 52 week low of $8.13 and a 52 week high of $15.00. The stock has a market capitalization of $514.99 million, a price-to-earnings ratio of -10.49 and a beta of 2.36.

nLIGHT (NASDAQ:LASR) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.03. nLIGHT had a negative return on equity of 19.58% and a negative net margin of 25.62%. The firm had revenue of $50.51 million during the quarter, compared to analyst estimates of $49.23 million. During the same quarter in the prior year, the business posted ($0.18) EPS. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. As a group, analysts expect that nLIGHT, Inc. will post -0.96 EPS for the current year.

Insider Buying and Selling at nLIGHT

In other news, CFO Joseph John Corso sold 4,461 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $11.44, for a total transaction of $51,033.84. Following the sale, the chief financial officer now owns 171,434 shares in the company, valued at $1,961,204.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.10% of the stock is currently owned by company insiders.

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.