Fmr LLC boosted its stake in Castlight Health Inc (NYSE:CSLT) by 18.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,247,019 shares of the software maker’s stock after buying an additional 2,371,475 shares during the period. Fmr LLC owned approximately 10.91% of Castlight Health worth $33,086,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. grew its position in Castlight Health by 24.5% in the 3rd quarter. BlackRock Inc. now owns 5,774,330 shares of the software maker’s stock valued at $15,589,000 after acquiring an additional 1,136,982 shares in the last quarter. Raging Capital Management LLC acquired a new position in Castlight Health in the 4th quarter valued at about $1,557,000. Dimensional Fund Advisors LP grew its position in Castlight Health by 199.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 789,163 shares of the software maker’s stock valued at $2,130,000 after acquiring an additional 525,259 shares in the last quarter. AQR Capital Management LLC acquired a new position in Castlight Health in the 3rd quarter valued at about $1,030,000. Finally, Vanguard Group Inc grew its position in Castlight Health by 5.0% in the 3rd quarter. Vanguard Group Inc now owns 6,263,568 shares of the software maker’s stock valued at $16,911,000 after acquiring an additional 300,834 shares in the last quarter. Hedge funds and other institutional investors own 49.79% of the company’s stock.
In other news, EVP Neeraj Gupta sold 12,500 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $3.80, for a total transaction of $47,500.00. Following the completion of the transaction, the executive vice president now directly owns 265,255 shares of the company’s stock, valued at $1,007,969. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO John C. Doyle sold 22,956 shares of the business’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $3.13, for a total value of $71,852.28. Following the transaction, the chief executive officer now directly owns 276,773 shares of the company’s stock, valued at $866,299.49. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,342 shares of company stock valued at $233,445. Corporate insiders own 22.58% of the company’s stock.
Several equities analysts have weighed in on the company. Zacks Investment Research downgraded Castlight Health from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. ValuEngine raised Castlight Health from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Castlight Health presently has a consensus rating of “Buy” and an average price target of $5.06.
NYSE CSLT opened at $3.68 on Friday. Castlight Health Inc has a 1-year low of $1.86 and a 1-year high of $5.95. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.11 and a current ratio of 2.11.
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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 implementation, user and customer support, and marketplace services.
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