Jane Street Group LLC Raises Stock Position in nLIGHT, Inc. (NASDAQ:LASR)

Jane Street Group LLC boosted its position in nLIGHT, Inc. (NASDAQ:LASR) by 98.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,646 shares of the company’s stock after purchasing an additional 68,682 shares during the quarter. Jane Street Group LLC owned about 0.29% of nLIGHT worth $1,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of LASR. Divisar Capital Management LLC increased its holdings in shares of nLIGHT by 9.4% in the second quarter. Divisar Capital Management LLC now owns 1,545,935 shares of the company’s stock worth $16,897,000 after purchasing an additional 133,023 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of nLIGHT by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 385,784 shares of the company’s stock valued at $4,124,000 after acquiring an additional 8,139 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of nLIGHT by 6.6% during the 3rd quarter. Victory Capital Management Inc. now owns 97,500 shares of the company’s stock valued at $1,042,000 after acquiring an additional 6,000 shares during the last quarter. Creative Planning purchased a new position in shares of nLIGHT during the third quarter worth about $136,000. Finally, Natixis Advisors LLC increased its position in shares of nLIGHT by 19.2% in 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 last quarter. 83.88% of the stock is owned by institutional investors.

nLIGHT Trading Up 1.9 %

Shares of nLIGHT stock opened at $10.46 on Friday. The business’s 50-day moving average price is $11.17 and its 200-day moving average price is $11.28. The firm has a market capitalization of $506.57 million, a PE ratio of -10.16 and a beta of 2.20. nLIGHT, Inc. has a 12 month low of $9.64 and a 12 month high of $14.75.

Insider Buying and Selling at nLIGHT

In other news, CEO Scott H. Keeney sold 15,000 shares of nLIGHT stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $11.11, for a total value of $166,650.00. Following the transaction, the chief executive officer now owns 1,347,781 shares in the company, valued at approximately $14,973,846.91. The trade was a 1.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Joseph John Corso sold 2,500 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $10.92, for a total value of $27,300.00. Following the sale, the chief financial officer now owns 155,129 shares of the company’s stock, valued at $1,694,008.68. This represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 91,019 shares of company stock worth $1,027,215 over the last ninety days. Insiders own 6.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on LASR shares. 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 target price for the company. Needham & Company LLC raised their price objective on shares of nLIGHT from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 8th.

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.