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Benefitfocus (NASDAQ:BNFT) COO Andrew L. Howell unloaded 9,888 shares of the company’s stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $40.24, for a total transaction of $397,893.12. Following the completion of the transaction, the chief operating officer now directly owns 141,291 shares of the company’s stock, valued at approximately $5,685,550. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

A number of research firms have recently commented on BNFT. Analysts at Goldman Sachs cut their price target on shares of Benefitfocus from $64.00 to $50.00 in a research note on Thursday, May 22nd. 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 company’s stock. Benefitfocus has a consensus rating of “Buy” and an average price target of $51.17.

Shares of Benefitfocus (NASDAQ:BNFT) traded down 5.23% on Wednesday, hitting $37.49. The stock had a trading volume of 136,527 shares. 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 $34.05 and its 200-day moving average is $50.89. The company’s market cap is $941.1 million.

Benefitfocus (NASDAQ:BNFT) last posted its quarterly 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.

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