Castlight Health Inc. (NYSE:CSLT) CFO Mangini Siobhan Nolan sold 4,715 shares of the firm’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $4.98, for a total value of $23,480.70. Following the completion of the transaction, the chief financial officer now owns 18,491 shares of the company’s stock, valued at $92,085.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Castlight Health Inc. (NYSE:CSLT) opened at 4.90 on Friday. Castlight Health Inc. has a 12-month low of $2.54 and a 12-month high of $5.15. The company’s 50-day moving average price is $4.26 and its 200 day moving average price is $4.13. The firm’s market capitalization is $508.15 million.

Castlight Health (NYSE:CSLT) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.04. The firm earned $25.50 million during the quarter, compared to the consensus estimate of $24.81 million. Castlight Health had a negative return on equity of 58.57% and a negative net margin of 73.57%. The company’s quarterly revenue was up 30.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.17) earnings per share. On average, equities analysts forecast that Castlight Health Inc. will post ($0.34) earnings per share for the current year.

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

Several research analysts have recently commented on CSLT shares. Zacks Investment Research downgraded Castlight Health from a “buy” rating to a “hold” rating in a research note on Tuesday, October 11th. Morgan Stanley reiterated a “hold” rating and set a $4.00 target price on shares of Castlight Health in a research note on Thursday, August 25th. Canaccord Genuity reiterated a “hold” rating and set a $5.00 target price on shares of Castlight Health in a research note on Sunday, September 11th. Finally, FBR & Co reiterated a “hold” rating and set a $4.00 target price on shares of Castlight Health in a research note on Wednesday, August 10th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $4.58.

Hedge funds have recently modified their holdings of the company. Westpac Banking Corp bought a new stake in shares of Castlight Health during the second quarter valued at approximately $639,000. Concourse Capital Management LLC increased its stake in shares of Castlight Health by 13.4% in the second quarter. Concourse Capital Management LLC now owns 68,286 shares of the company’s stock valued at $270,000 after buying an additional 8,046 shares during the period. California State Teachers Retirement System increased its stake in shares of Castlight Health by 16.7% in the second quarter. California State Teachers Retirement System now owns 84,599 shares of the company’s stock valued at $335,000 after buying an additional 12,117 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Castlight Health by 13.1% in the second quarter. Bank of New York Mellon Corp now owns 169,786 shares of the company’s stock valued at $672,000 after buying an additional 19,615 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Castlight Health by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 95,094 shares of the company’s stock valued at $377,000 after buying an additional 1,638 shares during the period. 51.71% of the stock is owned by hedge funds and other institutional investors.

About Castlight Health

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 products deliver employee engagement and enable employers to integrate benefit programs into a single platform available to employees and their families.

5 Day Chart for NYSE:CSLT

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