Oregon Public Employees Retirement Fund Takes $272,000 Position in Castlight Health Inc (CSLT)

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Oregon Public Employees Retirement Fund bought a new stake in shares of Castlight Health Inc (NYSE:CSLT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 125,370 shares of the software maker’s stock, valued at approximately $272,000.

Several other large investors have also bought and sold shares of CSLT. Penbrook Management LLC increased its stake in shares of Castlight Health by 2.8% during the fourth quarter. Penbrook Management LLC now owns 271,030 shares of the software maker’s stock worth $588,000 after acquiring an additional 7,500 shares during the period. Rhumbline Advisers increased its stake in shares of Castlight Health by 52.1% during the fourth quarter. Rhumbline Advisers now owns 99,846 shares of the software maker’s stock worth $217,000 after acquiring an additional 34,199 shares during the period. CWM LLC increased its stake in shares of Castlight Health by 10.6% during the fourth quarter. CWM LLC now owns 633,294 shares of the software maker’s stock worth $1,374,000 after acquiring an additional 60,922 shares during the period. Cowen Prime Services LLC increased its stake in shares of Castlight Health by 1.1% during the fourth quarter. Cowen Prime Services LLC now owns 2,192,456 shares of the software maker’s stock worth $4,758,000 after acquiring an additional 24,250 shares during the period. Finally, Edge Wealth Management LLC increased its stake in shares of Castlight Health by 13.2% during the fourth quarter. Edge Wealth Management LLC now owns 119,625 shares of the software maker’s stock worth $260,000 after acquiring an additional 13,950 shares during the period. Hedge funds and other institutional investors own 51.15% of the company’s stock.

A number of brokerages have recently issued reports on CSLT. William Blair reiterated an “outperform” rating on shares of Castlight Health in a research note on Thursday, December 20th. Zacks Investment Research lowered shares of Castlight Health from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Cantor Fitzgerald reiterated a “buy” rating and set a $5.00 price target on shares of Castlight Health in a research note on Monday, December 17th. Finally, ValuEngine upgraded shares of Castlight Health from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Castlight Health currently has an average rating of “Buy” and a consensus target price of $5.06.

In other Castlight Health news, CFO Mangini Siobhan Nolan sold 11,319 shares of the company’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $2.21, for a total transaction of $25,014.99. Following the transaction, the chief financial officer now directly owns 225,458 shares in the company, valued at $498,262.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John C. Doyle sold 22,956 shares of the company’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $3.13, for a total transaction of $71,852.28. Following the transaction, the chief executive officer now owns 276,773 shares in the company, valued at $866,299.49. The disclosure for this sale can be found here. Insiders have sold 88,105 shares of company stock worth $266,964 over the last 90 days. 22.58% of the stock is currently owned by company insiders.

Shares of CSLT opened at $3.97 on Friday. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.02. Castlight Health Inc has a twelve month low of $1.86 and a twelve month high of $5.95. The stock has a market cap of $568.34 million, a price-to-earnings ratio of -24.81 and a beta of 1.55.

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Castlight Health Company Profile

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 communication and testing, implementation, and user customer support services.

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Institutional Ownership by Quarter for Castlight Health (NYSE:CSLT)

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