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nlight, inc. (NASDAQ:LASR) Chief Financial Officer Joseph John Corso sold a total of 7,700 shares of company stock on September 4 and 5, at prices ranging from $29.14 to $29.73, netting $226,494. The sale comes as the stock trades near its 52-week high of $30, having surged over 200% in the past six months. According to InvestingPro analysis, the company’s market capitalization stands at $1.43 billion.
On September 4, Corso sold 4,112 shares. A further 3,588 shares were sold on September 5.
Following these transactions, Corso directly owns 265,418 shares of nlight, inc. , including unvested restricted stock units.
In other recent news, Nlight, Inc. reported strong quarterly earnings, with a 22% increase in revenue, surpassing both its guidance and analysts’ expectations. The company’s performance was bolstered by significant growth in the Aerospace and Defense segment, which led Stifel, Raymond James, and Needham to raise their price targets for Nlight, with Stifel setting it at $26 and both Raymond James and Needham at $28. Additionally, Nlight’s board approved special one-time grants of performance-based restricted stock units to CEO Scott Keeney and CFO Joseph Corso, contingent on achieving specific stock price targets. In corporate governance updates, Nlight appointed Mark Hartman to its Board of Directors, filling the vacancy left by Doug Carlisle’s resignation. Hartman will also join the Audit Committee. These developments reflect Nlight’s ongoing strategic initiatives and strong market performance.
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