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Scott H. Keeney, President and CEO of NLIGHT, INC. (NASDAQ:LASR), sold 9,604 shares of common stock on September 4, 2025, at a price of $29.14, for a total transaction value of $279,860. The transaction comes as NLIGHT shares trade near their 52-week high of $30, having delivered an impressive return of over 200% in the past six months. According to InvestingPro data, analysts have set price targets ranging from $25 to $32 for the $1.43 billion market cap company.
Following the transaction, Keeney directly owns 2,396,936 shares of NLIGHT, INC., which includes common stock and unvested restricted stock units. The sale was executed to cover tax withholding obligations related to the vesting and settlement of restricted stock units, as mandated by the company’s "sell to cover" policy. InvestingPro subscribers can access 12 additional key insights about NLIGHT, including detailed insider trading patterns and comprehensive financial health analysis through the Pro Research Report, available for over 1,400 US stocks.
In other recent news, Nlight, Inc. has reported robust financial results for the second quarter of 2025, with a 22% increase in revenue that surpassed both its guidance and analysts’ expectations. The company’s Aerospace & Defense segment was a significant contributor to this performance, leading analysts at Stifel, Raymond James, and Needham to raise their price targets for Nlight’s stock, with Stifel setting it at $26 and both Raymond James and Needham at $28. These firms have maintained positive ratings, citing strong growth in the defense sector and favorable global demand for directed energy products.
Additionally, Nlight’s board approved special one-time grants of performance-based restricted stock units to CEO Scott Keeney and CFO Joseph Corso, as part of its 2018 Equity Incentive Plan. Each unit entitles the holder to receive one share of common stock upon meeting specific stock price targets and continued service. In governance developments, Nlight appointed Mark Hartman to its Board of Directors, replacing Doug Carlisle, who resigned after serving since 2001. Hartman will also join the Board’s Audit Committee.
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