Jane Street Group LLC Has $1.48 Million Position in nLIGHT, Inc. (NASDAQ:LASR)

Jane Street Group LLC lifted its position in shares of nLIGHT, Inc. (NASDAQ:LASR - Free Report) by 98.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,646 shares of the company's stock after acquiring an additional 68,682 shares during the quarter. Jane Street Group LLC owned 0.29% of nLIGHT worth $1,482,000 at the end of the most recent quarter.

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

nLIGHT Trading Up 1.9 %

LASR stock traded up $0.20 during midday trading on Friday, reaching $10.46. The company had a trading volume of 591,408 shares, compared to its average volume of 256,083. The company has a market capitalization of $506.57 million, a P/E ratio of -10.16 and a beta of 2.20. nLIGHT, Inc. has a 1 year low of $9.64 and a 1 year high of $14.75. The company has a 50 day moving average of $11.16 and a two-hundred day moving average of $11.27.

Wall Street Analyst Weigh In

A number of research analysts have commented on LASR shares. Needham & Company LLC increased their price objective on shares of nLIGHT from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Cantor Fitzgerald assumed coverage on shares of nLIGHT in a research report on Thursday, October 3rd. They set an "overweight" rating and a $15.50 price target for the company.

Insider Activity at nLIGHT

In related news, CFO Joseph John Corso sold 2,500 shares of the business'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 value of $27,300.00. Following the completion of the sale, the chief financial officer now directly owns 155,129 shares in the company, valued at approximately $1,694,008.68. The trade was a 1.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Scott H. Keeney sold 15,000 shares of the company's stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $11.20, for a total value of $168,000.00. Following the sale, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 91,019 shares of company stock valued at $1,027,215. 6.10% of the stock is currently owned by corporate insiders.

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.