nLIGHT Inc. Chief Executive Scott H. Keeney sold approximately $16.5 million in company stock over two days in August, according to regulatory filings.
The transactions, totaling 363,500 shares at prices between $44.03 and $48.97 per share, were executed under a Rule 10b5-1 trading plan adopted on May 22, 2026. The same day, Keeney acquired 363,500 shares through the exercise of fully vested stock options at $1.45 per share, for a total cost of about $527,075.
Keeney holds 2,185,039 shares directly and 501 shares indirectly through the Keeney Family Revocable Trust. nLIGHT’s market capitalization stands at $2.54 billion. The stock was trading at $43.30 on Friday, down nearly 10% over the past week but up 48.8% year-over-year.
The sales follow nLIGHT’s second-quarter 2026 results, which beat earnings and revenue expectations. The company reported adjusted earnings of $0.15 per share, exceeding the $0.14 estimate, and revenue of $82.59 million against a $78.58 million forecast. However, management guided weaker third-quarter performance due to supply chain disruptions expected to defer roughly $17 million in product revenue.
Defense sector revenue rose 34% year-over-year in Q2, with aerospace and defense revenue up 41% and product revenues in that segment increasing 72%. Analysts at Stifel noted nLIGHT’s exposure to China is limited to non-specialized optical materials and components.
Needham maintained a Buy rating with a $90 price target, while Stifel reiterated its Buy rating with an $85 target.
