nLight (NASDAQ:LASR) CAO James Nias Sells 556 Shares of Stock

nLight (NASDAQ:LASR) CAO James Nias sold 556 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $33.78, for a total value of $18,781.68. Following the sale, the chief accounting officer owned 98,956 shares of the company’s stock, valued at approximately $3,342,733.68. The trade was a 0.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

James Nias also recently made the following trade(s):

• On Friday, November 21st, James Nias sold 1,200 shares of nLight stock. The stock was sold at an average price of $30.00, for a total transaction of $36,000.00.

nLight Stock Performance

NASDAQ:LASR opened at $36.44 on Friday. The firm’s 50-day moving average is $31.85 and its 200-day moving average is $25.55. nLight has a 52-week low of $6.20 and a 52-week high of $38.62. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.36 and a current ratio of 5.63. The company has a market cap of $1.85 billion, a price-to-earnings ratio of -41.41 and a beta of 2.34.

Institutional Trading of nLight

Institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC raised its stake in nLight by 147.6% during the second quarter. GAMMA Investing LLC now owns 1,550 shares of the company’s stock worth $31,000 after acquiring an additional 924 shares in the last quarter. Osaic Holdings Inc. boosted its stake in shares of nLight by 1,599.1% in the 2nd quarter. Osaic Holdings Inc. now owns 1,835 shares of the company’s stock valued at $36,000 after purchasing an additional 1,727 shares in the last quarter. Wexford Capital LP bought a new stake in shares of nLight in the 3rd quarter worth about $41,000. Global Retirement Partners LLC acquired a new stake in shares of nLight during the 3rd quarter worth about $49,000. Finally, Nisa Investment Advisors LLC increased its position in shares of nLight by 162.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,747 shares of the company’s stock worth $54,000 after purchasing an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 83.88% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LASR shares. Needham & Company LLC boosted their price target on nLight from $32.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Weiss Ratings restated a “sell (d-)” rating on shares of nLight in a research note on Wednesday, October 8th. Stifel Nicolaus raised their target price on nLight from $26.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Zacks Research upgraded shares of nLight from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Finally, Raymond James Financial restated a “strong-buy” rating on shares of nLight in a research note on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, nLight presently has an average rating of “Buy” and an average price target of $32.67.

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.