nLight (NASDAQ:LASR) CFO Joseph John Corso Sells 66,075 Shares of Stock

nLight (NASDAQ:LASR) CFO Joseph John Corso sold 66,075 shares of nLight stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $36.32, for a total value of $2,399,844.00. Following the completion of the transaction, the chief financial officer owned 196,224 shares in the company, valued at $7,126,855.68. The trade was a 25.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Joseph John Corso also recently made the following trade(s):

• On Wednesday, December 3rd, Joseph John Corso sold 4,127 shares of nLight stock. The shares were sold at an average price of $33.78, for a total value of $139,410.06.

nLight Stock Performance

Shares of NASDAQ LASR opened at $34.66 on Thursday. nLight has a 12 month low of $6.20 and a 12 month high of $38.63. The company has a quick ratio of 4.36, a current ratio of 5.63 and a debt-to-equity ratio of 0.09. The company has a market cap of $1.76 billion, a P/E ratio of -39.39 and a beta of 2.34. The business’s 50 day moving average is $32.87 and its two-hundred day moving average is $26.86.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of nLight in a research report on Wednesday, October 8th. Canaccord Genuity Group upgraded nLight to a “buy” rating in a research report on Wednesday. Wall Street Zen upgraded nLight from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Zacks Research lowered nLight from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, Cantor Fitzgerald lifted their price target on shares of nLight from $33.50 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.29.

Institutional Trading of nLight

Several institutional investors have recently bought and sold shares of the stock. Wexford Capital LP acquired a new position in nLight during the third quarter worth $41,000. GAMMA Investing LLC increased its position in shares of nLight by 147.6% during the 2nd quarter. GAMMA Investing LLC now owns 1,550 shares of the company’s stock worth $31,000 after purchasing an additional 924 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of nLight during the 3rd quarter worth about $49,000. Osaic Holdings Inc. lifted its holdings in nLight by 1,599.1% during 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 during the last quarter. Finally, Quarry LP boosted its position in nLight by 120.5% in the third quarter. Quarry LP now owns 2,509 shares of the company’s stock valued at $74,000 after buying an additional 1,371 shares in the last quarter. Institutional investors and hedge funds own 83.88% of the company’s stock.

About nLight

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.