ExodusPoint Capital Management LP Has $152,000 Position in nLIGHT, Inc. (NASDAQ:LASR)

ExodusPoint Capital Management LP lessened its stake in shares of nLIGHT, Inc. (NASDAQ:LASR) by 88.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 14,504 shares of the company’s stock after selling 112,674 shares during the quarter. ExodusPoint Capital Management LP’s holdings in nLIGHT were worth $152,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of LASR. Picton Mahoney Asset Management raised its holdings in nLIGHT by 47.4% in the 4th quarter. Picton Mahoney Asset Management now owns 2,907 shares of the company’s stock valued at $30,000 after acquiring an additional 935 shares during the period. R Squared Ltd bought a new position in shares of nLIGHT during the fourth quarter worth approximately $33,000. KLP Kapitalforvaltning AS acquired a new stake in nLIGHT during the 4th quarter worth approximately $102,000. Moody National Bank Trust Division acquired a new stake in nLIGHT during the 4th quarter worth approximately $115,000. Finally, Quantbot Technologies LP boosted its stake in nLIGHT by 17.6% in the 4th quarter. Quantbot Technologies LP now owns 11,864 shares of the company’s stock valued at $124,000 after purchasing an additional 1,772 shares during the period. Institutional investors own 83.88% of the company’s stock.

nLIGHT Price Performance

Shares of NASDAQ LASR opened at $7.33 on Tuesday. The business has a fifty day moving average price of $8.88 and a two-hundred day moving average price of $10.33. The stock has a market capitalization of $359.40 million, a PE ratio of -7.12 and a beta of 2.24. nLIGHT, Inc. has a fifty-two week low of $6.20 and a fifty-two week high of $14.73.

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

Insider Transactions at nLIGHT

In other nLIGHT news, CEO Scott H. Keeney sold 53,511 shares of the business’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 transaction, the chief executive officer now directly owns 1,267,927 shares in the company, valued at $10,358,963.59. The trade was a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LASR shares. Needham & Company LLC lowered their price objective on nLIGHT from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Stifel Nicolaus dropped their price objective 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.