Stephens Investment Management Group LLC Sells 142,759 Shares of nLIGHT, Inc. (NASDAQ:LASR)

Stephens Investment Management Group LLC lessened its holdings in shares of nLIGHT, Inc. (NASDAQ:LASR - Free Report) by 15.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 783,946 shares of the company's stock after selling 142,759 shares during the period. Stephens Investment Management Group LLC owned about 1.63% of nLIGHT worth $8,380,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in nLIGHT by 0.5% in the first quarter. Vanguard Group Inc. now owns 5,065,737 shares of the company's stock valued at $65,855,000 after purchasing an additional 23,697 shares in the last quarter. Pinnacle Associates Ltd. raised its position in shares of nLIGHT by 18.1% in the 2nd quarter. Pinnacle Associates Ltd. now owns 2,020,769 shares of the company's stock valued at $22,087,000 after buying an additional 309,634 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of nLIGHT by 0.7% during the 1st quarter. Clearbridge Investments LLC now owns 1,656,803 shares of the company's stock worth $21,538,000 after acquiring an additional 12,014 shares during the period. Divisar Capital Management LLC lifted its holdings in shares of nLIGHT by 9.4% during the 2nd quarter. Divisar Capital Management LLC now owns 1,545,935 shares of the company's stock worth $16,897,000 after acquiring an additional 133,023 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of nLIGHT by 4.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,147,845 shares of the company's stock worth $12,547,000 after acquiring an additional 47,267 shares in the last quarter. 83.88% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Joseph John Corso sold 4,461 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $11.44, for a total value of $51,033.84. Following the completion of the transaction, the chief financial officer now owns 171,434 shares of the company's stock, valued at $1,961,204.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CFO Joseph John Corso sold 4,461 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $11.44, for a total value of $51,033.84. Following the sale, the chief financial officer now owns 171,434 shares of the company's stock, valued at $1,961,204.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Scott H. Keeney sold 15,000 shares of the stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $11.20, for a total value of $168,000.00. Following the completion of the sale, the chief executive officer now owns 1,347,781 shares of the company's stock, valued at $15,095,147.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,461 shares of company stock valued at $385,684. 6.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

LASR has been the subject of several recent analyst reports. Needham & Company LLC restated a "buy" rating and set a $15.00 target price on shares of nLIGHT in a research note on Monday, August 5th. Cantor Fitzgerald began coverage on nLIGHT in a research report on Thursday, October 3rd. They set an "overweight" rating and a $15.50 price objective for the company. Finally, Benchmark reiterated a "speculative buy" rating and issued a $17.00 target price on shares of nLIGHT in a research report on Friday, August 2nd.

nLIGHT Stock Performance

nLIGHT stock traded down $0.22 during mid-day trading on Friday, reaching $12.26. The company had a trading volume of 424,695 shares, compared to its average volume of 325,752. The business has a fifty day simple moving average of $11.12 and a 200 day simple moving average of $11.63. nLIGHT, Inc. has a fifty-two week low of $8.51 and a fifty-two week high of $15.00.

nLIGHT (NASDAQ:LASR - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.10) earnings per share for the quarter, topping analysts' consensus estimates of ($0.13) by $0.03. The business had revenue of $50.51 million for the quarter, compared to analyst estimates of $49.23 million. nLIGHT had a negative return on equity of 19.58% and a negative net margin of 25.62%. nLIGHT's quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.18) EPS. On average, equities analysts forecast that nLIGHT, Inc. will post -0.98 earnings per share for the current fiscal year.

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.