Barclays PLC Grows Position in nLIGHT, Inc. (NASDAQ:LASR)

Barclays PLC increased its position in shares of nLIGHT, Inc. (NASDAQ:LASR) by 317.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 70,599 shares of the company’s stock after buying an additional 53,699 shares during the period. Barclays PLC’s holdings in nLIGHT were worth $755,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Point72 DIFC Ltd increased its stake in shares of nLIGHT by 1,637.2% during the third quarter. Point72 DIFC Ltd now owns 4,152 shares of the company’s stock worth $44,000 after buying an additional 3,913 shares during the period. nVerses Capital LLC increased its stake in shares of nLIGHT by 500.0% during the third quarter. nVerses Capital LLC now owns 4,200 shares of the company’s stock worth $45,000 after buying an additional 3,500 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of nLIGHT during the third quarter worth approximately $50,000. Quantbot Technologies LP increased its stake in shares of nLIGHT by 25.5% during the third quarter. Quantbot Technologies LP now owns 10,092 shares of the company’s stock worth $108,000 after buying an additional 2,052 shares during the period. Finally, International Assets Investment Management LLC increased its stake in shares of nLIGHT by 969.0% during the third quarter. International Assets Investment Management LLC now owns 10,690 shares of the company’s stock worth $114,000 after buying an additional 9,690 shares during the period. 83.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on LASR. Cantor Fitzgerald began coverage on shares of nLIGHT in a research note on Thursday, October 3rd. They issued an “overweight” rating and a $15.50 price target on the stock. Stifel Nicolaus dropped their price target on shares of nLIGHT from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Needham & Company LLC increased their price target 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.

Insider Activity

In other news, CFO Joseph John Corso sold 2,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $10.92, for a total value of $27,300.00. Following the completion of the sale, the chief financial officer now directly owns 155,129 shares of the company’s stock, valued at approximately $1,694,008.68. This represents a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Scott H. Keeney sold 15,000 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $10.35, for a total value of $155,250.00. Following the completion of the sale, the chief executive officer now directly owns 1,348,891 shares of the company’s stock, valued at $13,961,021.85. The trade was a 1.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,019 shares of company stock valued at $692,565. 6.10% of the stock is currently owned by company insiders.

nLIGHT Stock Down 10.9 %

Shares of nLIGHT stock opened at $9.88 on Thursday. The firm has a market capitalization of $478.48 million, a P/E ratio of -9.59 and a beta of 2.19. nLIGHT, Inc. has a 52 week low of $9.15 and a 52 week high of $14.75. The firm’s 50 day moving average is $10.94 and its two-hundred day moving average is $11.20.

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.