Castlight Health, inc. (NYSE:CSLT) CEO John C. Doyle sold 3,289 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $3.90, for a total value of $12,827.10. Following the completion of the sale, the chief executive officer now owns 71,115 shares of the company’s stock, valued at $277,348.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Castlight Health, inc. (CSLT) traded down 6.41% on Thursday, hitting $3.65. The stock had a trading volume of 1,076,299 shares. Castlight Health, inc. has a 12-month low of $3.05 and a 12-month high of $5.50. The stock has a 50 day moving average price of $4.23 and a 200-day moving average price of $3.80. The company’s market cap is $480.66 million.

Castlight Health, inc. (NYSE:CSLT) last posted its earnings results on Wednesday, August 2nd. The software maker reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. Castlight Health, inc. had a negative return on equity of 36.30% and a negative net margin of 42.54%. The business had revenue of $32.10 million during 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 business’s quarterly revenue was up 36.0% on a year-over-year basis. On average, equities analysts expect that Castlight Health, inc. will post ($0.25) earnings per share for the current year.

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Hedge funds have recently bought and sold shares of the stock. State Street Corp increased its stake in 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 last quarter. Teachers Advisors LLC increased its stake in 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 last quarter. Acadian Asset Management LLC purchased a new stake in Castlight Health, inc. during the first quarter valued at $329,000. Cowen Prime Services LLC purchased a new stake in Castlight Health, inc. during the first quarter valued at $183,000. Finally, Oxford Asset Management purchased a new stake in Castlight Health, inc. during the first quarter valued at $102,000. 40.17% of the stock is owned by institutional investors and hedge funds.

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 research note on Friday, May 19th. Zacks Investment Research upgraded Castlight Health, inc. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. BidaskClub upgraded Castlight Health, inc. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Chardan Capital assumed coverage on Castlight Health, inc. in a research note on Tuesday, June 6th. They issued a “buy” rating and a $4.50 price target for the company. Finally, Dougherty & Co assumed coverage on Castlight Health, inc. in a research note on Wednesday, May 10th. They issued a “buy” rating and a $5.50 price target for the company. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target 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.

Insider Buying and Selling by Quarter for Castlight Health, inc. (NYSE:CSLT)

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