Barclays PLC boosted its stake in shares of nLIGHT, Inc. (NASDAQ:LASR - Free Report) by 317.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,599 shares of the company's stock after purchasing an additional 53,699 shares during the period. Barclays PLC owned approximately 0.15% of nLIGHT worth $755,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Royce & Associates LP increased its holdings in shares of nLIGHT by 9.1% during the 3rd quarter. Royce & Associates LP now owns 2,733,476 shares of the company's stock worth $29,221,000 after buying an additional 227,580 shares during the last quarter. Needham Investment Management LLC increased its stake in nLIGHT by 7.1% during the third quarter. Needham Investment Management LLC now owns 2,337,740 shares of the company's stock worth $24,990,000 after acquiring an additional 155,000 shares during the last quarter. Harvey Partners LLC raised its holdings in shares of nLIGHT by 56.5% in the 3rd quarter. Harvey Partners LLC now owns 1,735,000 shares of the company's stock worth $18,547,000 after purchasing an additional 626,500 shares during the period. Divisar Capital Management LLC lifted its stake in shares of nLIGHT by 9.4% in the 2nd quarter. Divisar Capital Management LLC now owns 1,545,935 shares of the company's stock valued at $16,897,000 after purchasing an additional 133,023 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings 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 purchasing an additional 47,267 shares during the period. Hedge funds and other institutional investors own 83.88% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts recently commented on LASR shares. Stifel Nicolaus cut their price target on shares of nLIGHT from $17.00 to $14.00 and set a "buy" rating on the stock in a report on Wednesday. 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. Finally, Needham & Company LLC raised their price objective on nLIGHT from $15.00 to $16.00 and gave the company a "buy" rating in a research report on Friday, November 8th.
Get Our Latest Report on LASR
nLIGHT Stock Performance
Shares of LASR stock traded up $0.58 on Thursday, hitting $10.46. The stock had a trading volume of 783,833 shares, compared to its average volume of 430,035. The stock's 50 day moving average is $10.85 and its 200-day moving average is $11.19. The firm has a market capitalization of $506.58 million, a price-to-earnings ratio of -10.16 and a beta of 2.19. nLIGHT, Inc. has a 52-week low of $9.15 and a 52-week high of $14.75.
Insider Buying and Selling at nLIGHT
In other news, CEO Scott H. Keeney sold 15,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $10.35, for a total transaction of $155,250.00. Following the completion of the transaction, the chief executive officer now directly owns 1,348,891 shares in the company, valued at approximately $13,961,021.85. This represents a 1.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 directly owns 155,129 shares of the company's stock, valued at $1,694,008.68. The trade was a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 61,019 shares of company stock valued at $692,565 in the last ninety days. Insiders own 6.10% of the company's stock.
nLIGHT Profile
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Free Report)
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.
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