nLIGHT, Inc. (NASDAQ:LASR) CEO Scott H. Keeney Sells 12,013 Shares of Stock

nLIGHT, Inc. (NASDAQ:LASR) CEO Scott H. Keeney sold 12,013 shares of the stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $9.96, for a total value of $119,649.48. Following the transaction, the chief executive officer now directly owns 1,340,146 shares of the company’s stock, valued at $13,347,854.16. The trade was a 0.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

nLIGHT Stock Performance

NASDAQ:LASR opened at $10.26 on Friday. nLIGHT, Inc. has a one year low of $9.64 and a one year high of $14.75. The stock has a market cap of $496.89 million, a PE ratio of -9.96 and a beta of 2.20. The stock has a 50 day moving average price of $11.17 and a 200 day moving average price of $11.28.

Institutional Trading of nLIGHT

Hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC boosted its position in shares of nLIGHT by 317.7% during the 3rd quarter. Barclays PLC now owns 70,599 shares of the company’s stock valued at $755,000 after acquiring an additional 53,699 shares during the last quarter. Geode Capital Management LLC boosted its holdings in nLIGHT by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,103,920 shares of the company’s stock valued at $11,804,000 after purchasing an additional 9,673 shares during the last quarter. Jane Street Group LLC grew its stake in shares of 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 buying an additional 68,682 shares during the period. State Street Corp increased its holdings in shares of nLIGHT by 1.1% during the 3rd quarter. State Street Corp now owns 1,021,736 shares of the company’s stock worth $10,922,000 after buying an additional 11,132 shares during the last quarter. Finally, Stifel Financial Corp raised its position in shares of nLIGHT by 4.3% during the 3rd quarter. Stifel Financial Corp now owns 143,744 shares of the company’s stock valued at $1,537,000 after buying an additional 5,909 shares during the period. 83.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.