Joseph John Corso Sells 2,500 Shares of nLIGHT, Inc. (NASDAQ:LASR) Stock

nLIGHT, Inc. (NASDAQ:LASRGet Free Report) CFO Joseph John Corso sold 2,500 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $13.29, for a total transaction of $33,225.00. Following the completion of the transaction, the chief financial officer now directly owns 191,578 shares of the company’s stock, valued at $2,546,071.62. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Monday, March 18th, Joseph John Corso sold 14,105 shares of nLIGHT stock. The stock was sold at an average price of $12.26, for a total value of $172,927.30.

nLIGHT Price Performance

Shares of NASDAQ:LASR opened at $12.04 on Friday. The company’s fifty day moving average price is $12.35 and its 200-day moving average price is $12.87. nLIGHT, Inc. has a one year low of $8.13 and a one year high of $15.91.

nLIGHT (NASDAQ:LASRGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($0.29) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.01. nLIGHT had a negative return on equity of 17.86% and a negative net margin of 23.81%. The business had revenue of $44.53 million for the quarter, compared to the consensus estimate of $44.35 million. Equities research analysts predict that nLIGHT, Inc. will post -0.89 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on LASR. Needham & Company LLC reduced their target price on nLIGHT from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Benchmark reissued a “speculative buy” rating and set a $17.00 price objective on shares of nLIGHT in a report on Friday, May 3rd.

Check Out Our Latest Stock Report on LASR

Institutional Trading of nLIGHT

A number of hedge funds have recently bought and sold shares of LASR. Invenomic Capital Management LP raised its stake in shares of nLIGHT by 5.9% during the first quarter. Invenomic Capital Management LP now owns 89,350 shares of the company’s stock worth $1,162,000 after acquiring an additional 4,973 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in nLIGHT by 16.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,154 shares of the company’s stock worth $172,000 after purchasing an additional 1,886 shares during the period. Keeley Teton Advisors LLC lifted its stake in nLIGHT by 17.2% in the first quarter. Keeley Teton Advisors LLC now owns 77,788 shares of the company’s stock worth $1,011,000 after purchasing an additional 11,437 shares during the last quarter. EntryPoint Capital LLC boosted its position in nLIGHT by 484.2% during the first quarter. EntryPoint Capital LLC now owns 20,703 shares of the company’s stock valued at $269,000 after buying an additional 17,159 shares during the period. Finally, Clearbridge Investments LLC grew its stake in shares of nLIGHT by 0.7% during the first quarter. Clearbridge Investments LLC now owns 1,656,803 shares of the company’s stock valued at $21,538,000 after buying an additional 12,014 shares during the last quarter. Institutional investors own 83.88% of the company’s stock.

nLIGHT Company Profile

(Get 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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