Harvey Partners LLC Cuts Position in nLight $LASR

Harvey Partners LLC reduced its stake in shares of nLight (NASDAQ:LASR) by 33.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,397,444 shares of the company’s stock after selling 709,904 shares during the quarter. nLight comprises approximately 3.7% of Harvey Partners LLC’s holdings, making the stock its 6th largest position. Harvey Partners LLC owned 2.75% of nLight worth $41,406,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in LASR. Federated Hermes Inc. increased its holdings in shares of nLight by 161,736.7% in the 3rd quarter. Federated Hermes Inc. now owns 79,300 shares of the company’s stock worth $2,350,000 after acquiring an additional 79,251 shares during the period. Emerald Mutual Fund Advisers Trust bought a new position in nLight in the 3rd quarter worth about $8,626,000. Coldstream Capital Management Inc. grew its position in nLight by 48,328.6% in the 2nd quarter. Coldstream Capital Management Inc. now owns 13,560 shares of the company’s stock worth $267,000 after purchasing an additional 13,532 shares during the last quarter. Bosun Asset Management LLC acquired a new stake in shares of nLight in the second quarter valued at approximately $599,000. Finally, Geode Capital Management LLC raised its holdings in shares of nLight by 6.0% during the second quarter. Geode Capital Management LLC now owns 1,215,479 shares of the company’s stock valued at $23,925,000 after buying an additional 68,436 shares during the last quarter. 83.88% of the stock is currently owned by institutional investors.

Key Stories Impacting nLight

Here are the key news stories impacting nLight this week:

• Positive Sentiment: Recent analyst coverage is bullish — Robert W. Baird started coverage with an Outperform and $95 price target, Raymond James reiterated a strong‑buy with a $75 target, and Cantor Fitzgerald raised its target to $62.50. These upgrades support upside expectations from research desks. nLIGHT, Inc. (LASR)’s Strong Tech Stack Catches Analyst Attention
• Positive Sentiment: Recent quarterly results showed an EPS beat and strong revenue growth (revenue up ~71% Y/Y, EPS above estimates), which underpins the company’s operational momentum and supports the bullish analyst outlook. MarketBeat LASR coverage
• Neutral Sentiment: Media attention and inclusion on ‘best day trading’ lists can increase short‑term volume and volatility but are not fundamental drivers of long‑term value. 11 best day trading stocks to buy now
• Neutral Sentiment: Institutional ownership is high (~84%), which can dampen share supply but also concentrate price moves when institutions rebalance. MarketBeat institutional holdings
• Negative Sentiment: Significant insider selling this week: CEO Scott Keeney sold 19,096 shares (~$1.12M), Director Raymond Link sold multiple blocks (10,000; 8,760; 6,644 shares) and CAO James Nias sold 1,808 shares — these disclosed Form 4s likely pressured the stock by prompting profit‑taking or investor concern about insider timing. CEO Form 4 (SEC)
• Negative Sentiment: Market commentary specifically points to insider sales as a reason for the intraday weakness in LASR, reinforcing the negative impact of those transactions on sentiment. Why nLIGHT (LASR) Stock Is Down Today

nLight Stock Down 0.3%

Shares of NASDAQ LASR opened at $62.60 on Monday. The stock’s fifty day simple moving average is $51.32 and its 200 day simple moving average is $39.15. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of -133.19 and a beta of 2.27. nLight has a 52-week low of $6.20 and a 52-week high of $69.52.

nLight (NASDAQ:LASR) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $81.19 million during the quarter, compared to analyst estimates of $76.71 million. nLight had a negative return on equity of 9.28% and a negative net margin of 8.98%.nLight’s revenue for the quarter was up 71.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.30) EPS. As a group, analysts anticipate that nLight will post -1.1 earnings per share for the current year.

Insider Activity

In other nLight news, CEO Scott H. Keeney sold 32,239 shares of the firm’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $61.96, for a total value of $1,997,528.44. Following the completion of the transaction, the chief executive officer directly owned 2,252,781 shares in the company, valued at $139,582,310.76. This trade represents a 1.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Raymond A. Link sold 10,000 shares of nLight stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $62.79, for a total transaction of $627,900.00. Following the completion of the transaction, the director directly owned 92,576 shares in the company, valued at approximately $5,812,847.04. This trade represents a 9.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 162,528 shares of company stock valued at $9,223,597. Corporate insiders own 6.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Raymond James Financial reiterated a “strong-buy” rating and set a $75.00 price objective on shares of nLight in a research report on Friday, February 27th. Weiss Ratings restated a “sell (d-)” rating on shares of nLight in a research report on Thursday, January 22nd. Stifel Nicolaus started coverage on nLight in a research report on Tuesday, January 20th. They set a “buy” rating and a $60.00 price target for the company. Needham & Company LLC increased their price target on nLight from $48.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Finally, Canaccord Genuity Group raised nLight to a “buy” rating in a report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $58.31.

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. The company also provides laser sensors, including light detection and ranging technologies for intelligence, surveillance, and reconnaissance applications; and fiber amplifiers, beam combination, and control systems for use in high-energy laser systems in directed energy applications.