nLIGHT, Inc. (NASDAQ:LASR) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its position in nLIGHT, Inc. (NASDAQ:LASR) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,100,904 shares of the company’s stock after selling 3,016 shares during the period. Geode Capital Management LLC owned about 2.27% of nLIGHT worth $11,552,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of LASR. State Street Corp increased its stake in shares of nLIGHT by 1.1% in the 3rd quarter. State Street Corp now owns 1,021,736 shares of the company’s stock valued at $10,922,000 after purchasing an additional 11,132 shares in the last quarter. Jane Street Group LLC increased its position in shares of nLIGHT by 98.2% in the third quarter. Jane Street Group LLC now owns 138,646 shares of the company’s stock valued at $1,482,000 after buying an additional 68,682 shares in the last quarter. Barclays PLC increased its position in shares of nLIGHT by 317.7% in the third quarter. Barclays PLC now owns 70,599 shares of the company’s stock valued at $755,000 after buying an additional 53,699 shares in the last quarter. Moody National Bank Trust Division acquired a new position in shares of nLIGHT during the 4th quarter worth approximately $115,000. Finally, SG Americas Securities LLC lifted its position in shares of nLIGHT by 19.4% during the 4th quarter. SG Americas Securities LLC now owns 20,022 shares of the company’s stock valued at $210,000 after buying an additional 3,250 shares in the last quarter. 83.88% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Scott H. Keeney sold 53,511 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $8.17, for a total transaction of $437,184.87. Following the completion of the sale, the chief executive officer now owns 1,267,927 shares in the company, valued at $10,358,963.59. This trade represents a 4.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.10% of the company’s stock.

nLIGHT Price Performance

Shares of NASDAQ:LASR opened at $7.18 on Wednesday. The business’s 50 day moving average price is $8.44 and its 200-day moving average price is $10.18. nLIGHT, Inc. has a 1 year low of $6.20 and a 1 year high of $14.73. The firm has a market capitalization of $352.04 million, a PE ratio of -6.97 and a beta of 2.24.

nLIGHT (NASDAQ:LASR) last posted its quarterly earnings results on Thursday, February 27th. The company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.21). nLIGHT had a negative return on equity of 19.53% and a negative net margin of 24.16%. The business had revenue of $47.38 million for the quarter, compared to analyst estimates of $46.62 million. As a group, analysts expect that nLIGHT, Inc. will post -1.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Needham & Company LLC cut their price target on shares of nLIGHT from $16.00 to $14.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Stifel Nicolaus cut their target price on shares of nLIGHT from $17.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th.

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.