Nlight Inc (LASR) Insider Robert Martinsen Sells 1,378 Shares
Nlight Inc (NASDAQ:LASR) insider Robert Martinsen sold 1,378 shares of the business’s stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $19.98, for a total transaction of $27,532.44. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Robert Martinsen also recently made the following trade(s):
- On Friday, November 16th, Robert Martinsen sold 622 shares of Nlight stock. The shares were sold at an average price of $19.94, for a total transaction of $12,402.68.
NASDAQ:LASR traded down $0.86 during mid-day trading on Friday, reaching $18.82. The company’s stock had a trading volume of 34,370 shares, compared to its average volume of 407,680. Nlight Inc has a 1 year low of $16.25 and a 1 year high of $43.63. The company has a quick ratio of 7.71, a current ratio of 9.12 and a debt-to-equity ratio of 0.08.
A number of analysts recently weighed in on LASR shares. Zacks Investment Research lowered shares of Nlight from a “hold” rating to a “sell” rating in a research note on Wednesday, August 15th. Benchmark started coverage on shares of Nlight in a research note on Tuesday, August 28th. They issued a “sell” rating for the company. Raymond James raised shares of Nlight from an “outperform” rating to a “strong-buy” rating and set a $40.00 price objective for the company in a research note on Friday, September 21st. UBS Group started coverage on shares of Nlight in a research note on Friday, November 30th. They issued a “neutral” rating for the company. Finally, DA Davidson lowered their price objective on shares of Nlight to $30.00 and set a “buy” rating for the company in a research note on Tuesday, November 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $32.22.
Large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. purchased a new stake in Nlight in the second quarter worth about $107,000. Bank of Montreal Can purchased a new stake in shares of Nlight during the second quarter valued at about $158,000. Rhumbline Advisers purchased a new stake in shares of Nlight during the second quarter valued at about $202,000. Carillon Tower Advisers Inc. purchased a new stake in shares of Nlight during the second quarter valued at about $317,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Nlight during the second quarter valued at about $330,000. 57.97% of the stock is owned by institutional investors.
nLIGHT, Inc designs, develops, and manufactures semiconductor and fiber lasers used in various end applications in the industrial, microfabrication, and aerospace and defense markets. The company also produces optical fiber products. It markets and sells its products to original equipment manufacturer primarily through direct sales force in the United States, China, South Korea, Germany, and Finland, as well as through various independent sales representatives and distributors in North America, Asia, and Europe.
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