Castlight Health, inc. (CSLT) Insider Sells $96,390.00 in Stock
Castlight Health, inc. (NYSE:CSLT) insider Giovanni M. Colella sold 23,800 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $4.05, for a total value of $96,390.00. Following the completion of the transaction, the insider now directly owns 78,906 shares of the company’s stock, valued at $319,569.30. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Castlight Health, inc. (NYSE:CSLT) traded down 3.70% during midday trading on Wednesday, hitting $3.90. The stock had a trading volume of 315,148 shares. The stock’s market cap is $513.58 million. Castlight Health, inc. has a one year low of $3.05 and a one year high of $5.50. The firm has a 50 day moving average price of $4.25 and a 200 day moving average price of $3.80.
Castlight Health, inc. (NYSE:CSLT) last announced its earnings results on Wednesday, August 2nd. The software maker reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.02. Castlight Health, inc. had a negative net margin of 42.54% and a negative return on equity of 36.30%. The company had revenue of $32.10 million for the quarter, compared to the consensus estimate of $31.14 million. During the same period in the previous year, the business earned ($0.11) EPS. The company’s revenue was up 36.0% on a year-over-year basis. Equities analysts expect that Castlight Health, inc. will post ($0.25) EPS for the current year.
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A number of hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp increased its stake in shares of Castlight Health, inc. by 4.3% in the first quarter. Stifel Financial Corp now owns 36,500 shares of the software maker’s stock valued at $133,000 after buying an additional 1,500 shares during the period. Oxford Asset Management purchased a new stake in shares of Castlight Health, inc. during the first quarter valued at about $102,000. Teachers Advisors LLC increased its stake in shares of Castlight Health, inc. by 8.1% in the fourth quarter. Teachers Advisors LLC now owns 62,781 shares of the software maker’s stock valued at $311,000 after buying an additional 4,717 shares during the period. FNY Partners Fund LP purchased a new stake in shares of Castlight Health, inc. during the first quarter valued at about $164,000. Finally, State Street Corp increased its stake in shares of Castlight Health, inc. by 11.3% in the fourth quarter. State Street Corp now owns 663,065 shares of the software maker’s stock valued at $3,277,000 after buying an additional 67,459 shares during the period. 40.17% of the stock is currently owned by institutional investors.
A number of equities research analysts have commented on the company. ValuEngine cut Castlight Health, inc. from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Cowen and Company reiterated a “market perform” rating and set a $4.50 target price (up previously from $4.00) on shares of Castlight Health, inc. in a report on Thursday, August 3rd. BidaskClub cut Castlight Health, inc. from a “hold” rating to a “sell” rating in a report on Sunday, July 30th. Zacks Investment Research upgraded Castlight Health, inc. from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Chardan Capital assumed coverage on Castlight Health, inc. in a report on Tuesday, June 6th. They set a “buy” rating and a $4.50 target price on the stock. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $4.57.
About Castlight Health, inc.
Castlight Health, Inc offers a health benefits platform that engages employees to make healthcare decisions, and enables employers to communicate and measure their benefit programs. The Company operates through cloud-based products segment. Its technology offering aggregates data and applies analytics to make healthcare data transparent.
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