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Nlight (NASDAQ:LASR) President and CEO Scott H. Keeney sold 33,682 shares of common stock on June 26, 2025, for approximately $657,809. The sales were executed at prices ranging from $19.00 to $19.93, with a weighted average price of $19.53 per share. The stock, currently trading at $19.67, has seen remarkable gains of 87% over the past six months and is approaching its 52-week high of $19.99. According to InvestingPro analysis, technical indicators suggest the stock is in overbought territory.
According to a Form 4 filing with the Securities and Exchange Commission, the transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on June 12, 2024. Following the sale, Keeney directly owns 1,206,540 shares of NLIGHT, INC. (NASDAQ:LASR), including common stock and unvested restricted stock units. The $973 million market cap company maintains a FAIR financial health score, with 12 additional key insights available on InvestingPro.
In other recent news, nLIGHT Inc . reported its Q1 2025 earnings, slightly surpassing expectations with an earnings per share (EPS) of -$0.16 compared to the forecasted -$0.17. The company achieved a revenue of $51.7 million, exceeding the anticipated $47.71 million, attributed primarily to a robust performance in the aerospace and defense sector. This sector showed a 50.4% growth year-over-year, now comprising 63% of total sales, while the commercial market saw a decline. Analyst Brian Gesuale from Raymond (NSE:RYMD) James maintained a strong buy rating on nLIGHT, with a target price of $20, emphasizing the company’s strategic shift towards defense and its promising growth prospects. Additionally, nLIGHT appointed Mark Hartman to its Board of Directors, replacing Doug Carlisle, who resigned. Hartman, a former CFO of Woodward (NASDAQ:WWD) Inc., brings extensive financial management experience to the board. These developments reflect nLIGHT’s strategic focus on expanding its defense capabilities and strengthening its leadership team.
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