Castlight Health Inc. (CSLT) Insider Jonathan Rende Sells 7,794 Shares
Castlight Health Inc. (NYSE:CSLT) insider Jonathan Rende sold 7,794 shares of the stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $4.99, for a total transaction of $38,892.06. Following the transaction, the insider now directly owns 82,818 shares of the company’s stock, valued at approximately $413,261.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Castlight Health Inc. (NYSE:CSLT) traded up 2.11% during mid-day trading on Monday, reaching $4.85. 43,979 shares of the company’s stock traded hands. The stock’s market capitalization is $502.96 million. The company’s 50-day moving average price is $4.27 and its 200-day moving average price is $4.13. Castlight Health Inc. has a 12-month low of $2.54 and a 12-month high of $5.15.
Castlight Health (NYSE:CSLT) last posted its earnings results on Wednesday, November 2nd. The company reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.04. Castlight Health had a negative net margin of 73.57% and a negative return on equity of 58.57%. The firm earned $25.50 million during the quarter, compared to the consensus estimate of $24.81 million. During the same period last year, the firm posted ($0.17) EPS. The firm’s revenue for the quarter was up 30.8% on a year-over-year basis. Analysts anticipate that Castlight Health Inc. will post ($0.34) earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can boosted its stake in Castlight Health by 4,752.0% in the third quarter. Bank of Montreal Can now owns 24,260 shares of the company’s stock valued at $101,000 after buying an additional 23,760 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in Castlight Health during the third quarter valued at about $132,000. Rhumbline Advisers boosted its stake in Castlight Health by 2.1% in the third quarter. Rhumbline Advisers now owns 32,087 shares of the company’s stock valued at $133,000 after buying an additional 650 shares in the last quarter. Metropolitan Life Insurance Co. NY bought a new stake in Castlight Health during the second quarter valued at about $136,000. Finally, Stifel Financial Corp boosted its stake in Castlight Health by 40.9% in the second quarter. Stifel Financial Corp now owns 38,330 shares of the company’s stock valued at $152,000 after buying an additional 11,130 shares in the last quarter. Hedge funds and other institutional investors own 50.75% of the company’s stock.
A number of research analysts recently commented on the stock. FBR & Co reaffirmed a “hold” rating and issued a $4.00 price target on shares of Castlight Health in a report on Wednesday, August 10th. Morgan Stanley reaffirmed a “hold” rating and issued a $4.00 price target on shares of Castlight Health in a report on Thursday, August 25th. Zacks Investment Research raised shares of Castlight Health from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a report on Friday, August 12th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $5.00 price target on shares of Castlight Health in a report on Sunday, September 11th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $4.58.
Castlight Health Company Profile
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.
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