nLIGHT, Inc. (NASDAQ:LASR) Shares Purchased by Barclays PLC

Barclays PLC increased its holdings in shares of nLIGHT, Inc. (NASDAQ:LASR - Free Report) by 317.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 70,599 shares of the company's stock after acquiring an additional 53,699 shares during the period. Barclays PLC owned approximately 0.15% of nLIGHT worth $755,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 DIFC Ltd raised its stake in shares of nLIGHT by 1,637.2% during the 3rd quarter. Point72 DIFC Ltd now owns 4,152 shares of the company's stock worth $44,000 after buying an additional 3,913 shares during the period. nVerses Capital LLC lifted its holdings in nLIGHT by 500.0% during the third quarter. nVerses Capital LLC now owns 4,200 shares of the company's stock valued at $45,000 after purchasing an additional 3,500 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of nLIGHT in the third quarter valued at about $50,000. Quantbot Technologies LP increased its stake in shares of nLIGHT by 25.5% during the third quarter. Quantbot Technologies LP now owns 10,092 shares of the company's stock worth $108,000 after purchasing an additional 2,052 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of nLIGHT by 969.0% during the 3rd quarter. International Assets Investment Management LLC now owns 10,690 shares of the company's stock worth $114,000 after purchasing an additional 9,690 shares during the last quarter. Hedge funds and other institutional investors own 83.88% of the company's stock.

Insider Activity at nLIGHT

In other nLIGHT news, CEO Scott H. Keeney sold 15,000 shares of nLIGHT stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $11.20, for a total transaction of $168,000.00. Following the transaction, the chief executive officer now directly owns 1,347,781 shares of the company's stock, valued at $15,095,147.20. The trade was a 1.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Joseph John Corso sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $10.92, for a total transaction of $27,300.00. Following the sale, the chief financial officer now owns 155,129 shares of the company's stock, valued at $1,694,008.68. This represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 91,019 shares of company stock valued at $1,027,215. 6.10% of the stock is currently owned by insiders.

nLIGHT Stock Up 3.3 %

LASR traded up $0.34 during trading on Wednesday, reaching $10.49. The company's stock had a trading volume of 596,213 shares, compared to its average volume of 259,303. The company has a market cap of $508.02 million, a price-to-earnings ratio of -10.18 and a beta of 2.20. The firm has a fifty day simple moving average of $11.14 and a two-hundred day simple moving average of $11.24. nLIGHT, Inc. has a 1 year low of $9.64 and a 1 year high of $14.75.

Analysts Set New Price Targets

LASR has been the subject of a number of research analyst reports. Needham & Company LLC increased their target price on nLIGHT from $15.00 to $16.00 and gave the company a "buy" rating in a report on Friday, November 8th. Cantor Fitzgerald started coverage on nLIGHT in a research note on Thursday, October 3rd. They issued an "overweight" rating and a $15.50 price objective for the company.

nLIGHT 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.