Insider Selling: Castlight Health, inc. (CSLT) CFO Sells $32,804.20 in Stock
Castlight Health, inc. (NYSE:CSLT) CFO Mangini Siobhan Nolan sold 8,866 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $3.70, for a total transaction of $32,804.20. Following the completion of the transaction, the chief financial officer now directly owns 78,561 shares of the company’s stock, valued at $290,675.70. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Castlight Health, inc. (CSLT) opened at $3.75 on Monday. Castlight Health, inc. has a 12 month low of $3.05 and a 12 month high of $5.50. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.03.
Castlight Health, inc. (NYSE:CSLT) last released its quarterly earnings data on Wednesday, October 25th. The software maker reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.02. The firm had revenue of $34.60 million for the quarter, compared to analyst estimates of $34.61 million. Castlight Health, inc. had a negative net margin of 45.14% and a negative return on equity of 32.57%. Castlight Health, inc.’s quarterly revenue was up 35.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.05) earnings per share. equities analysts expect that Castlight Health, inc. will post -0.43 earnings per share for the current year.
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A number of equities analysts have weighed in on CSLT shares. Canaccord Genuity raised shares of Castlight Health, inc. from a “hold” rating to a “buy” rating in a research report on Tuesday, October 10th. Zacks Investment Research raised shares of Castlight Health, inc. from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a research report on Monday, October 30th. BidaskClub raised shares of Castlight Health, inc. from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 13th. ValuEngine cut shares of Castlight Health, inc. from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Finally, Chardan Capital decreased their price objective on shares of Castlight Health, inc. from $6.50 to $6.30 and set a “buy” rating for the company in a research report on Thursday, October 26th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $5.22.
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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