nLIGHT, Inc. (NASDAQ:LASR) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in shares of nLIGHT, Inc. (NASDAQ:LASR) by 64.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,147,005 shares of the company’s stock after selling 2,054,627 shares during the quarter. JPMorgan Chase & Co. owned 2.37% of nLIGHT worth $12,261,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC boosted its position in nLIGHT by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,103,920 shares of the company’s stock worth $11,804,000 after purchasing an additional 9,673 shares in the last quarter. Barclays PLC lifted its position in shares of nLIGHT by 317.7% during the 3rd 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. Jane Street Group LLC grew its stake in nLIGHT by 98.2% in the 3rd quarter. Jane Street Group LLC now owns 138,646 shares of the company’s stock valued at $1,482,000 after acquiring an additional 68,682 shares during the period. Divisar Capital Management LLC increased its holdings in nLIGHT by 9.4% in the 2nd quarter. Divisar Capital Management LLC now owns 1,545,935 shares of the company’s stock worth $16,897,000 after acquiring an additional 133,023 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in nLIGHT by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 385,784 shares of the company’s stock worth $4,124,000 after acquiring an additional 8,139 shares during the period. Hedge funds and other 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 on Monday, December 2nd. The stock was sold at an average price of $10.92, for a total value of $27,300.00. Following the completion of the sale, the chief financial officer now directly owns 155,129 shares of the company’s stock, valued at $1,694,008.68. This trade represents a 1.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott H. Keeney sold 12,013 shares of nLIGHT stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $9.96, for a total value of $119,649.48. Following the transaction, the chief executive officer now owns 1,340,146 shares in the company, valued at approximately $13,347,854.16. This represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 76,019 shares of company stock worth $860,565. 6.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

LASR has been the subject of a number of research reports. Cantor Fitzgerald initiated coverage on shares of nLIGHT in a research note on Thursday, October 3rd. They set an “overweight” rating and a $15.50 target price for the company. Needham & Company LLC boosted their price objective on nLIGHT from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 8th.

nLIGHT Stock Down 1.6 %

nLIGHT stock opened at $11.14 on Friday. The company has a fifty day simple moving average of $11.00 and a 200-day simple moving average of $11.20. The firm has a market capitalization of $539.50 million, a price-to-earnings ratio of -10.82 and a beta of 2.19. nLIGHT, Inc. has a 52-week low of $9.64 and a 52-week high of $14.75.

About nLIGHT

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.