Castlight Health major shareholder Maverick Capital Ltd Acquires 304,393 Shares (CSLT)
Castlight Health (NASDAQ:CSLT) major shareholder Maverick Capital Ltd acquired 304,393 shares of the stock on the open market in a transaction dated Friday, August 29th. The stock was purchased at an average cost of $11.83 per share, with a total value of $3,600,969.19. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Castlight Health (NASDAQ:CSLT) traded down 0.15% during mid-day trading on Wednesday, hitting $13.38. 968,735 shares of the company’s stock traded hands. Castlight Health has a 52 week low of $10.05 and a 52 week high of $41.95. The stock’s 50-day moving average is $12.85 and its 200-day moving average is $16.39. The company’s market cap is $1.200 billion. Castlight Health also was the target of some unusual options trading on Monday. Investors bought 630 put options on the stock. This represents an increase of 254% compared to the average volume of 178 put options.
Castlight Health (NASDAQ:CSLT) last issued its quarterly earnings data on Wednesday, August 20th. The company reported ($0.24) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.25) by $0.01. On average, analysts predict that Castlight Health will post $-1.01 earnings per share for the current fiscal year.
Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Castlight Health in a research note on Wednesday, July 30th. They now have a $19.00 price target on the stock, up previously from $15.00. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Castlight Health has a consensus rating of “Buy” and a consensus price target of $19.00.
Castlight Health, Inc is a provider of cloud-based software, that enables enterprises to gain control over their rapidly escalating health care costs.
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