James Nias Sells 1,200 Shares of nLight (NASDAQ:LASR) Stock

nLight (NASDAQ:LASR) CAO James Nias sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $30.00, for a total transaction of $36,000.00. Following the completion of the transaction, the chief accounting officer directly owned 99,512 shares of the company’s stock, valued at $2,985,360. This represents a 1.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Thursday, September 4th, James Nias sold 540 shares of nLight stock. The shares were sold at an average price of $29.14, for a total value of $15,735.60.

nLight Stock Up 3.0%

Shares of nLight stock traded up $0.96 during midday trading on Tuesday, reaching $33.25. 575,076 shares of the company’s stock traded hands, compared to its average volume of 878,242. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.36 and a current ratio of 5.63. nLight has a 52 week low of $6.20 and a 52 week high of $38.62. The company’s 50 day simple moving average is $31.10 and its 200 day simple moving average is $24.50. The company has a market cap of $1.69 billion, a price-to-earnings ratio of -37.78 and a beta of 2.48.

Analyst Upgrades and Downgrades

LASR has been the subject of a number of research reports. Benchmark increased their price target on shares of nLight from $15.00 to $25.00 and gave the company a “speculative buy” rating in a report on Friday, August 8th. Raymond James Financial restated a “strong-buy” rating on shares of nLight in a research report on Friday, August 8th. Wall Street Zen raised shares of nLight from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Cantor Fitzgerald increased their target price on nLight from $33.50 to $40.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Finally, Zacks Research upgraded nLight from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Two 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. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $32.67.

Institutional Trading of nLight

A number of large investors have recently bought and sold shares of LASR. Coldstream Capital Management Inc. lifted its position in nLight by 90.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 25,838 shares of the company’s stock valued at $766,000 after acquiring an additional 12,278 shares in the last quarter. Oberweis Asset Management Inc. acquired a new position in shares of nLight during the third quarter worth about $7,882,000. Kestra Private Wealth Services LLC bought a new position in shares of nLight during the third quarter worth about $301,000. NewEdge Advisors LLC acquired a new stake in nLight in the 3rd quarter valued at approximately $165,000. Finally, CANADA LIFE ASSURANCE Co bought a new stake in nLight in the 3rd quarter valued at approximately $111,000. 83.88% of the stock is owned by institutional investors.

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.