nLIGHT Inc. (NASDAQ:LASR) said its president and chief executive officer, Scott H. Keeney, completed the sale of 19,496 shares of common stock on March 9, 2026, for aggregate proceeds of about $1.12 million. The trades occurred at prices ranging from $57.48 to $61.08 per share, as the stock traded near its 52-week high of $69.52 after a notable 646% increase over the previous 12 months.
The disposition was carried out in multiple transactions under a Rule 10b5-1 trading arrangement that was adopted on June 12, 2025. The breakdown of the sales is as follows: 2,180 shares at a weighted average price of $57.48; 9,455 shares at $58.23; 4,036 shares at $59.12; 2,637 shares at $60.73; and 788 shares at $61.08. Together these sales total 19,496 shares and produced approximately $1.12 million in proceeds.
Following the March 9 transactions, Keeney retains direct ownership of 2,210,029 shares of nLIGHT common stock. He also holds an indirect stake of 4,474 shares through the Keeney Family Revocable Trust.
Independent valuation analysis available through InvestingPro indicates the share price appears overvalued relative to its Fair Value at current levels. The platform offers a broader Pro Research Report that includes LASR and more than 1,400 other U.S. equities for subscribers seeking additional detail.
nLIGHT reported strong financial results for the fourth quarter of 2025, beating analyst forecasts on both the bottom and top lines. The company posted earnings per share of $0.14, ahead of the expected $0.11, and reported revenue of $81.19 million compared with a consensus estimate of $75.19 million. The quarter was highlighted by substantial defense-related revenue, which represented 85% of total sales during the period.
Analysts at Raymond James, Craig-Hallum, and Cantor Fitzgerald reacted by raising their price targets for the shares. Raymond James set a new target of $75, Craig-Hallum moved its target to $70, and Cantor Fitzgerald established a $62.50 target. Company commentary and results point to the contribution of the HELSI 2 contract along with other directed energy and laser sensing programs in driving quarterly performance.
Recent geopolitical developments in the Middle East have also been cited as a positive factor for the defense sector, and nLIGHT has been identified as a significant supplier within that ecosystem. The company’s reliance on defense and aerospace contracts was a central element of its reported growth in the quarter.
The sale of shares by the chief executive, executed under an already established 10b5-1 plan, occurred alongside a period of pronounced share-price appreciation and a quarter of results that exceeded expectations. The company’s revenue concentration in defense programs and its role as a supplier for directed energy initiatives were prominent themes in the financial report and subsequent analyst coverage.