Castlight Health, inc. (NYSE:CSLT) Insider Sells $93,380.00 in Stock

Castlight Health, inc. (NYSE:CSLT) insider Giovanni M. Colella sold 23,000 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $4.06, for a total transaction of $93,380.00. Following the completion of the transaction, the insider now owns 78,906 shares in the company, valued at $320,358.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Castlight Health, inc. (NYSE:CSLT) traded down 3.75% during midday trading on Thursday, reaching $3.85. The company’s stock had a trading volume of 170,254 shares. The company’s market capitalization is $506.99 million. Castlight Health, inc. has a 1-year low of $3.05 and a 1-year high of $5.50. The company’s 50-day moving average price is $4.28 and its 200-day moving average price is $3.78.

Castlight Health, inc. (NYSE:CSLT) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.02. The firm had revenue of $32.10 million during the quarter, compared to the consensus estimate of $31.14 million. Castlight Health, inc. had a negative return on equity of 36.30% and a negative net margin of 42.54%. The business’s revenue for the quarter was up 36.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.11) EPS. On average, analysts predict that Castlight Health, inc. will post ($0.25) earnings per share for the current fiscal year.

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A number of large investors have recently made changes to their positions in the company. Oxford Asset Management purchased a new position in shares of Castlight Health, inc. during the first quarter valued at $102,000. Stifel Financial Corp raised its position in shares of Castlight Health, inc. by 4.3% in the first quarter. Stifel Financial Corp now owns 36,500 shares of the software maker’s stock valued at $133,000 after buying an additional 1,500 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of Castlight Health, inc. by 49.5% in the second quarter. Nationwide Fund Advisors now owns 36,418 shares of the software maker’s stock valued at $151,000 after buying an additional 12,061 shares during the last quarter. FNY Partners Fund LP purchased a new position in shares of Castlight Health, inc. during the first quarter valued at $164,000. Finally, Edge Wealth Management LLC purchased a new position in shares of Castlight Health, inc. during the first quarter valued at $172,000. 39.10% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on CSLT. ValuEngine lowered shares of Castlight Health, inc. from a “hold” rating to a “sell” rating in a research report on Thursday. Cowen and Company restated a “market perform” rating and set a $4.50 target price (up from $4.00) on shares of Castlight Health, inc. in a research report on Thursday, August 3rd. BidaskClub lowered shares of Castlight Health, inc. from a “hold” rating to a “sell” rating in a research report on Sunday, July 30th. Zacks Investment Research upgraded shares of Castlight Health, inc. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Chardan Capital began coverage on shares of Castlight Health, inc. in a research report on Tuesday, June 6th. They set a “buy” rating and a $4.50 target price on the stock. Three analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $4.50.

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.

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

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