Castlight Health, inc. (NYSE:CSLT) President Robert Derek Newell bought 30,000 shares of the stock in a transaction dated Friday, October 27th. The shares were purchased at an average cost of $3.95 per share, for a total transaction of $118,500.00. Following the completion of the transaction, the president now directly owns 128,671 shares of the company’s stock, valued at $508,250.45. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Robert Derek Newell also recently made the following trade(s):

  • On Wednesday, November 1st, Robert Derek Newell bought 30,468 shares of Castlight Health, inc. stock. The shares were purchased at an average cost of $3.95 per share, for a total transaction of $120,348.60.

Shares of Castlight Health, inc. (CSLT) opened at $4.20 on Friday. Castlight Health, inc. has a 1-year low of $3.05 and a 1-year high of $5.50. The company has a quick ratio of 2.23, a current ratio of 1.94 and a debt-to-equity ratio of 0.03.

Castlight Health, inc. (NYSE:CSLT) last announced its quarterly earnings results on Wednesday, October 25th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.02. Castlight Health, inc. had a negative return on equity of 32.57% and a negative net margin of 45.14%. The business had revenue of $34.60 million during the quarter, compared to the consensus estimate of $34.61 million. During the same quarter in the prior year, the company posted ($0.05) earnings per share. Castlight Health, inc.’s revenue was up 35.7% compared to the same quarter last year. equities research analysts predict that Castlight Health, inc. will post -0.44 earnings per share for the current fiscal year.

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A number of brokerages have recently weighed in on CSLT. BidaskClub raised Castlight Health, inc. from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Cowen and Company reiterated a “market perform” rating and set a $4.50 price target (up previously from $4.00) on shares of Castlight Health, inc. in a report on Thursday, August 3rd. Canaccord Genuity upgraded Castlight Health, inc. from a “hold” rating to a “buy” rating in a report on Tuesday, October 10th. ValuEngine upgraded Castlight Health, inc. from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $5.00 price target on shares of Castlight Health, inc. in a report on Wednesday, October 25th. Three equities research 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. Castlight Health, inc. presently has an average rating of “Hold” and an average target price of $5.22.

A number of large investors have recently made changes to their positions in the business. Swiss National Bank grew its stake in Castlight Health, inc. by 173.3% in the 3rd quarter. Swiss National Bank now owns 108,350 shares of the software maker’s stock valued at $466,000 after purchasing an additional 68,700 shares during the period. Jaffetilchin Investment Partners LLC grew its stake in Castlight Health, inc. by 80.7% in the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 102,888 shares of the software maker’s stock valued at $442,000 after purchasing an additional 45,935 shares during the period. Wilbanks Smith & Thomas Asset Management LLC bought a new position in Castlight Health, inc. in the 2nd quarter valued at $264,000. California State Teachers Retirement System grew its stake in Castlight Health, inc. by 39.7% in the 2nd quarter. California State Teachers Retirement System now owns 113,399 shares of the software maker’s stock valued at $471,000 after purchasing an additional 32,200 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in Castlight Health, inc. by 59.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 56,233 shares of the software maker’s stock valued at $233,000 after purchasing an additional 20,983 shares during the period. Hedge funds and other institutional investors own 41.29% of the company’s stock.

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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