XTX Topco Ltd Sells 9,730 Shares of nLIGHT, Inc. (NASDAQ:LASR)

XTX Topco Ltd lowered its position in shares of nLIGHT, Inc. (NASDAQ:LASR) by 29.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,881 shares of the company’s stock after selling 9,730 shares during the quarter. XTX Topco Ltd’s holdings in nLIGHT were worth $245,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LASR. Point72 DIFC Ltd boosted its holdings in nLIGHT by 1,637.2% in the 3rd quarter. Point72 DIFC Ltd now owns 4,152 shares of the company’s stock worth $44,000 after buying an additional 3,913 shares during the period. nVerses Capital LLC boosted its stake in shares of nLIGHT by 500.0% in the third quarter. nVerses Capital LLC now owns 4,200 shares of the company’s stock worth $45,000 after acquiring an additional 3,500 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of nLIGHT during the third quarter worth about $50,000. Quantbot Technologies LP raised its stake in nLIGHT by 25.5% during the 3rd quarter. Quantbot Technologies LP now owns 10,092 shares of the company’s stock valued at $108,000 after purchasing an additional 2,052 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in nLIGHT by 969.0% in the 3rd quarter. International Assets Investment Management LLC now owns 10,690 shares of the company’s stock worth $114,000 after purchasing an additional 9,690 shares in the last quarter. 83.88% of the stock is owned by hedge funds and other institutional investors.

nLIGHT Trading Down 7.1 %

Shares of NASDAQ:LASR opened at $10.11 on Thursday. The company has a market cap of $489.62 million, a price-to-earnings ratio of -9.82 and a beta of 2.20. nLIGHT, Inc. has a 12 month low of $9.80 and a 12 month high of $14.75. The company has a 50-day moving average price of $11.32 and a 200 day moving average price of $11.37.

Insider Activity

In related news, CEO Scott H. Keeney sold 15,000 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $11.20, for a total transaction of $168,000.00. Following the sale, the chief executive officer now owns 1,347,781 shares in the company, valued at approximately $15,095,147.20. This represents a 1.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 owns 155,129 shares of the company’s stock, valued at approximately $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 sold 79,006 shares of company stock valued at $907,566 in the last ninety days. Insiders own 6.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Needham & Company LLC lifted 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. Cantor Fitzgerald began coverage on shares of nLIGHT in a report on Thursday, October 3rd. They issued an “overweight” rating and a $15.50 price target on the stock.

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.