Insider Selling: Donald R. Taylor, Jr. Unloads 6,300 Shares of Benefitfocus Stock (BNFT)
Benefitfocus (NASDAQ:BNFT) CTO Donald R. Taylor, Jr. sold 6,300 shares of the stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $34.00, for a total value of $214,200.00. Following the transaction, the chief technology officer now directly owns 12,701 shares of the company’s stock, valued at approximately $431,834. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $51.17.
Benefitfocus (NASDAQ:BNFT) traded up 1.07% on Thursday, hitting $34.11. 110,937 shares of the company’s stock traded hands. Benefitfocus has a 52 week low of $27.52 and a 52 week high of $77.00. The stock’s 50-day moving average is $34.78 and its 200-day moving average is $51.49. The company’s market cap is $856.3 million.
Benefitfocus (NASDAQ:BNFT) last announced its earnings results on Monday, May 5th. The company reported ($0.46) earnings per share for the quarter, beating the analysts’ 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. Benefitfocus’s revenue was up 29.0% compared to the same quarter last year. Analysts expect that Benefitfocus will post $-2.47 EPS for the current fiscal year.
Benefitfocus, Inc is a provider of cloud-based benefits software solutions for consumers, employers, insurance carriers, and brokers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.