Barclays PLC Raises Stock Holdings in nLIGHT, Inc. (NASDAQ:LASR)

Barclays PLC raised its position in shares of nLIGHT, Inc. (NASDAQ:LASR) by 317.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,599 shares of the company’s stock after buying an additional 53,699 shares during the period. Barclays PLC owned about 0.15% of nLIGHT worth $755,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Natixis Advisors LLC boosted its holdings in shares of nLIGHT by 19.2% during the second quarter. Natixis Advisors LLC now owns 93,043 shares of the company’s stock worth $1,017,000 after purchasing an additional 14,983 shares during the period. Victory Capital Management Inc. lifted its holdings in nLIGHT by 27.2% in the 2nd quarter. Victory Capital Management Inc. now owns 91,500 shares of the company’s stock worth $1,000,000 after buying an additional 19,556 shares during the period. Quest Partners LLC lifted its holdings in nLIGHT by 15,830.4% in the 2nd quarter. Quest Partners LLC now owns 21,984 shares of the company’s stock worth $240,000 after buying an additional 21,846 shares during the period. American Century Companies Inc. grew its position in shares of nLIGHT by 13.0% in the 2nd quarter. American Century Companies Inc. now owns 69,886 shares of the company’s stock worth $764,000 after buying an additional 8,064 shares during the last quarter. Finally, Herald Investment Management Ltd increased its stake in shares of nLIGHT by 4.0% during the second quarter. Herald Investment Management Ltd now owns 260,000 shares of the company’s stock valued at $2,842,000 after buying an additional 10,000 shares during the period. Institutional investors own 83.88% of the company’s stock.

Insider Buying and Selling

In other nLIGHT news, CFO Joseph John Corso sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $10.92, for a total transaction of $27,300.00. Following the completion of the transaction, the chief financial officer now owns 155,129 shares of the company’s stock, valued at approximately $1,694,008.68. This trade represents a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott H. Keeney sold 15,000 shares of nLIGHT stock in a transaction that occurred on 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 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 disclosure for this sale can be found here. Insiders have sold a total of 91,019 shares of company stock valued at $1,027,215 over the last ninety days. Company insiders own 6.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Needham & Company LLC lifted their price target on shares of nLIGHT from $15.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 8th. Cantor Fitzgerald initiated coverage on shares of nLIGHT in a research report on Thursday, October 3rd. They issued an “overweight” rating and a $15.50 target price for the company.

nLIGHT Stock Performance

Shares of NASDAQ:LASR opened at $10.49 on Wednesday. The firm has a market capitalization of $508.02 million, a P/E ratio of -10.18 and a beta of 2.20. The stock has a 50 day moving average price of $11.14 and a 200-day moving average price of $11.24. nLIGHT, Inc. has a 52-week low of $9.64 and a 52-week high of $14.75.

nLIGHT Company 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.