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Benefitfocus (NASDAQ:BNFT) CTO Donald R. Taylor, Jr. sold 4,500 shares of Benefitfocus stock on the open market in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $46.59, for a total transaction of $209,655.00. Following the transaction, the chief technology officer now directly owns 12,701 shares of the company’s stock, valued at approximately $591,740. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Benefitfocus (NASDAQ:BNFT) traded up 1.39% during mid-day trading on Thursday, hitting $46.73. The stock had a trading volume of 38,678 shares. Benefitfocus has a one year low of $27.52 and a one year high of $77.00. The stock’s 50-day moving average is $39.30 and its 200-day moving average is $50.51. The company’s market cap is $1.173 billion.

Benefitfocus (NASDAQ:BNFT) last announced its earnings results on Monday, May 5th. The company reported ($0.46) EPS for the quarter, beating the Thomson Reuters 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 quarterly revenue was up 29.0% on a year-over-year basis. Analysts expect that Benefitfocus will post $-2.47 EPS for the current fiscal year.

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 investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $51.17.

Benefitfocus, Inc is a provider of cloud-based benefits software solutions for consumers, employers, insurance carriers, and brokers.

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