Castlight Health Inc (NYSE:CSLT) EVP Maeve O’meara sold 28,171 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $1.41, for a total transaction of $39,721.11. Following the completion of the sale, the executive vice president now owns 322,775 shares of the company’s stock, valued at approximately $455,112.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

CSLT stock opened at $1.45 on Friday. Castlight Health Inc has a 12-month low of $1.34 and a 12-month high of $4.15. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.08. The company has a market cap of $216.42 million, a price-to-earnings ratio of -9.06 and a beta of 1.41. The company has a 50 day moving average of $2.32 and a two-hundred day moving average of $3.18.

Castlight Health (NYSE:CSLT) last released its quarterly earnings results on Tuesday, July 30th. The software maker reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The business had revenue of $35.90 million for the quarter, compared to the consensus estimate of $36.95 million. Castlight Health had a negative net margin of 19.68% and a negative return on equity of 9.28%. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.10) EPS. On average, research analysts anticipate that Castlight Health Inc will post -0.19 EPS for the current year.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Castlight Health from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. Cantor Fitzgerald downgraded shares of Castlight Health from an “overweight” rating to a “neutral” rating in a research report on Tuesday, July 30th. TheStreet downgraded shares of Castlight Health from a “c-” rating to a “d+” rating in a research report on Monday. Finally, ValuEngine upgraded shares of Castlight Health from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $4.50.

Several institutional investors have recently added to or reduced their stakes in CSLT. BlackRock Inc. raised its holdings in shares of Castlight Health by 18.2% during the 2nd quarter. BlackRock Inc. now owns 7,807,963 shares of the software maker’s stock valued at $25,220,000 after purchasing an additional 1,202,805 shares in the last quarter. Vanguard Group Inc. grew its holdings in Castlight Health by 15.2% during the 2nd quarter. Vanguard Group Inc. now owns 7,878,814 shares of the software maker’s stock valued at $25,449,000 after buying an additional 1,038,771 shares in the last quarter. Gagnon Securities LLC grew its holdings in Castlight Health by 40.3% during the 1st quarter. Gagnon Securities LLC now owns 2,773,736 shares of the software maker’s stock valued at $10,402,000 after buying an additional 796,659 shares in the last quarter. Gagnon Advisors LLC grew its holdings in Castlight Health by 63.4% during the 1st quarter. Gagnon Advisors LLC now owns 1,909,825 shares of the software maker’s stock valued at $7,162,000 after buying an additional 740,769 shares in the last quarter. Finally, FMR LLC grew its holdings in Castlight Health by 4.6% during the 1st quarter. FMR LLC now owns 15,952,562 shares of the software maker’s stock valued at $59,823,000 after buying an additional 705,543 shares in the last quarter. Institutional investors and hedge funds own 55.47% of the company’s stock.

About Castlight Health

Castlight Health, Inc provides a software-as-a-service platform used for health benefits navigation for employees in the United States. Its platform matches employees to the resources their employers make available to them; managing a condition; and assists them to manage their benefits. The company also offers implementation, user and customer support, and marketplace services.

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

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