nLIGHT, Inc. (NASDAQ:LASR) CEO Sells $155,250.00 in Stock

nLIGHT, Inc. (NASDAQ:LASR) CEO Scott H. Keeney sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $10.35, for a total transaction of $155,250.00. Following the transaction, the chief executive officer now owns 1,348,891 shares of the company’s stock, valued at approximately $13,961,021.85. This trade represents a 1.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

nLIGHT Trading Up 2.5 %

Shares of LASR opened at $11.39 on Friday. nLIGHT, Inc. has a one year low of $9.80 and a one year high of $15.00. The company has a 50-day moving average of $11.22 and a two-hundred day moving average of $11.66.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LASR. BNP Paribas Financial Markets boosted its holdings in shares of nLIGHT by 79.1% in the first quarter. BNP Paribas Financial Markets now owns 21,812 shares of the company’s stock worth $284,000 after buying an additional 9,635 shares during the period. ProShare Advisors LLC boosted its holdings in shares of nLIGHT by 15.0% in the first quarter. ProShare Advisors LLC now owns 11,518 shares of the company’s stock worth $150,000 after buying an additional 1,503 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in shares of 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 during the period. Vanguard Group Inc. boosted its holdings in shares of nLIGHT by 0.5% in the first quarter. Vanguard Group Inc. now owns 5,065,737 shares of the company’s stock worth $65,855,000 after buying an additional 23,697 shares during the period. Finally, Clearbridge Investments LLC boosted its holdings in shares of nLIGHT by 0.7% in the first quarter. Clearbridge Investments LLC now owns 1,656,803 shares of the company’s stock worth $21,538,000 after buying an additional 12,014 shares during the period. 83.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LASR has been the subject of several research reports. Benchmark restated a “speculative buy” rating and set a $17.00 price objective on shares of nLIGHT in a research report on Friday, August 2nd. Needham & Company LLC raised their price objective 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. Finally, Cantor Fitzgerald initiated coverage on shares of nLIGHT in a research report on Thursday, October 3rd. They set an “overweight” rating and a $15.50 price objective for the company.

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.