Castlight Health Inc. (NYSE:CSLT) COO John C. Doyle sold 3,167 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $4.98, for a total value of $15,771.66. Following the sale, the chief operating officer now directly owns 33,642 shares of the company’s stock, valued at $167,537.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Castlight Health Inc. (NYSE:CSLT) opened at 4.85 on Tuesday. The firm’s market cap is $502.96 million. The firm’s 50-day moving average price is $4.30 and its 200 day moving average price is $4.16. Castlight Health Inc. has a 52-week low of $2.54 and a 52-week high of $5.15.

Castlight Health (NYSE:CSLT) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.05) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.04. The business 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 revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.17) earnings per share. On average, equities analysts anticipate 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 analysts have commented on the company. FBR & Co reaffirmed a “hold” rating and set a $4.00 price objective on shares of Castlight Health in a research note on Wednesday, August 10th. Morgan Stanley reaffirmed a “hold” rating and set a $4.00 price objective on shares of Castlight Health in a research note on Thursday, August 25th. Zacks Investment Research raised Castlight Health from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research note on Friday, August 12th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $5.00 price objective on shares of Castlight Health in a research note on Sunday, September 11th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $4.58.

A number of institutional investors have recently bought and sold shares of CSLT. Westpac Banking Corp purchased a new position in Castlight Health during the second quarter worth approximately $639,000. Concourse Capital Management LLC increased its position in Castlight Health by 13.4% in the second quarter. Concourse Capital Management LLC now owns 68,286 shares of the company’s stock worth $270,000 after buying an additional 8,046 shares during the period. California State Teachers Retirement System increased its position in Castlight Health by 16.7% in the second quarter. California State Teachers Retirement System now owns 84,599 shares of the company’s stock worth $335,000 after buying an additional 12,117 shares during the period. Bank of New York Mellon Corp increased its position in 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 worth $672,000 after buying an additional 19,615 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in Castlight Health by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 95,094 shares of the company’s stock worth $377,000 after buying an additional 1,638 shares during the period. Institutional investors and hedge funds own 50.75% of the company’s stock.

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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