Insider Selling: Andrew L. Howell Sells 13,539 Shares of Benefitfocus Stock (BNFT)
Benefitfocus (NASDAQ:BNFT) COO Andrew L. Howell unloaded 13,539 shares of Benefitfocus stock on the open market in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $33.75, for a total transaction of $456,941.25. Following the sale, the chief operating officer now directly owns 62,783 shares in the company, valued at approximately $2,118,926. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
BNFT has been the subject of a number of recent research reports. Analysts at Goldman Sachs cut their price target on shares of Benefitfocus from $64.00 to $50.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Raymond James cut their price target on shares of Benefitfocus from $74.00 to $50.00 in a research note on Tuesday, May 6th. Finally, analysts at Deutsche Bank cut their price target on shares of Benefitfocus from $75.00 to $60.00 in a research note on Tuesday, May 6th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $51.17.
Benefitfocus (NASDAQ:BNFT) traded up 1.07% on Thursday, hitting $34.11. The stock had a trading volume of 110,937 shares. Benefitfocus has a 52-week low of $27.52 and a 52-week high of $77.00. The stock has a 50-day moving average of $34.78 and a 200-day moving average of $51.49. The company’s market cap is $856.3 million.
Benefitfocus (NASDAQ:BNFT) last released its earnings data on Monday, May 5th. The company reported ($0.46) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.55) by $0.09. The company had revenue of $30.70 million for the quarter, compared to the consensus estimate of $30.02 million. The company’s revenue for the quarter was up 29.0% on a year-over-year basis. On average, analysts predict that Benefitfocus will post $-2.47 earnings per share for the current fiscal year.
Benefitfocus, Inc is a provider of cloud-based benefits software solutions for consumers, employers, insurance carriers, and brokers.
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