Castlight Health Inc (NYSE:CSLT) CEO John C. Doyle sold 3,328 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $3.70, for a total value of $12,313.60. Following the sale, the chief executive officer now directly owns 144,831 shares in the company, valued at approximately $535,874.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of Castlight Health Inc (NYSE:CSLT) opened at $3.55 on Wednesday. The firm has a market capitalization of $474.77, a PE ratio of -7.55 and a beta of 1.57. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.94 and a current ratio of 1.94. Castlight Health Inc has a 12-month low of $3.10 and a 12-month high of $4.75.
Several equities research analysts have recently weighed in on the company. Chardan Capital cut their target price on Castlight Health from $6.50 to $6.30 and set a “buy” rating on the stock in a research report on Thursday, October 26th. Cantor Fitzgerald reissued a “hold” rating and set a $5.00 target price on shares of Castlight Health in a research report on Wednesday, October 25th. Canaccord Genuity reissued a “buy” rating and set a $7.00 target price on shares of Castlight Health in a research report on Thursday, October 26th. Zacks Investment Research raised Castlight Health from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a research report on Monday, October 30th. Finally, BidaskClub lowered Castlight Health from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Castlight Health currently has a consensus rating of “Hold” and an average price target of $5.11.
A number of large investors have recently added to or reduced their stakes in CSLT. Voya Investment Management LLC grew its stake in Castlight Health by 25.4% during the 2nd quarter. Voya Investment Management LLC now owns 26,929 shares of the software maker’s stock worth $112,000 after buying an additional 5,453 shares during the last quarter. MetLife Investment Advisors LLC purchased a new position in Castlight Health during the 4th quarter worth approximately $126,000. Nationwide Fund Advisors grew its stake in Castlight Health by 49.5% during the 2nd quarter. Nationwide Fund Advisors now owns 36,418 shares of the software maker’s stock worth $151,000 after buying an additional 12,061 shares during the last quarter. First Quadrant L P CA purchased a new position in Castlight Health during the 4th quarter worth approximately $167,000. Finally, Stifel Financial Corp grew its stake in Castlight Health by 12.3% during the 2nd quarter. Stifel Financial Corp now owns 41,000 shares of the software maker’s stock worth $171,000 after buying an additional 4,500 shares during the last quarter. Hedge funds and other institutional investors own 43.40% of the company’s stock.
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About Castlight Health
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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