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Nlight (NASDAQ:LASR) President and CEO Scott H. Keeney sold 62,507 shares of common stock on September 18, 2025, for approximately $1.93 million. The sale comes as the stock trades near its 52-week high of $32.24, having surged an impressive 268% over the past six months. According to InvestingPro analysis, the stock appears overvalued at current levels.
The sales were executed in two tranches. The first involved 39,059 shares sold at prices ranging from $30.17 to $31.165, resulting in a weighted average price of $30.76 per share. The second transaction included 23,448 shares sold at prices between $31.17 and $31.64, with a weighted average price of $31.36.
These sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on June 12, 2025. According to a footnote in the SEC filing, the sales should have occurred on September 12, 2025, but were delayed due to a broker error, which was corrected on September 18, 2025.
Following these transactions, Keeney directly owns 2,319,038 shares of Nlight common stock, which includes common stock owned and unvested restricted stock units. For deeper insights into Nlight’s valuation and 12+ additional ProTips, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Nlight reported a strong second-quarter performance with a 22% increase in revenue, surpassing both its guidance and analyst expectations. The company attributed this growth primarily to its Aerospace and Defense (A&D) segment, which delivered revenues above expectations. Following these results, several analyst firms have raised their price targets for Nlight. Stifel increased its price target to $26, maintaining a Buy rating, while Raymond James and Needham both raised their targets to $28, with Raymond James maintaining a Strong Buy rating. These analysts noted the strength in Nlight’s A&D sector and positive indicators for global demand in directed energy products. Additionally, Nlight’s board approved special one-time grants of performance-based restricted stock units to its CEO, Scott Keeney, and CFO, Joseph Corso. Keeney was awarded 1,200,000 PRSUs, and Corso received 100,000 PRSUs, contingent upon achieving specific stock price targets and continued service. These recent developments highlight the company’s strong market performance and strategic initiatives.
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