Shares of Castlight Health, Inc. (NYSE:CSLT) fell 6.9% during trading on Tuesday . The stock traded as low as $1.58 and last traded at $1.61. 1,841,953 shares were traded during trading, an increase of 41% from the average session volume of 1,308,484 shares. The stock had previously closed at $1.73.
Several brokerages recently commented on CSLT. Zacks Investment Research raised shares of Castlight Health from a “hold” rating to a “buy” rating and set a $1.75 price objective on the stock in a research report on Thursday, January 28th. Canaccord Genuity raised their price target on shares of Castlight Health from $1.00 to $2.00 and gave the company a “hold” rating in a report on Thursday, February 11th.
The business’s fifty day moving average price is $1.71 and its 200-day moving average price is $1.29. The stock has a market cap of $247.59 million, a PE ratio of -3.53 and a beta of 1.88.
In other news, CFO William Bondurant sold 19,676 shares of the stock in a transaction that occurred on Wednesday, February 17th. The shares were sold at an average price of $1.89, for a total value of $37,187.64. Also, CEO Maeve O’meara sold 59,615 shares of the stock in a transaction that occurred on Wednesday, February 17th. The stock was sold at an average price of $1.89, for a total transaction of $112,672.35. Following the completion of the transaction, the chief executive officer now owns 1,243,988 shares in the company, valued at approximately $2,351,137.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 176,421 shares of company stock worth $322,516. Insiders own 17.05% of the company’s stock.
Several large investors have recently modified their holdings of CSLT. Madison Wealth Management bought a new position in shares of Castlight Health in the 3rd quarter worth approximately $36,000. Virtu Financial LLC bought a new stake in Castlight Health during the 3rd quarter worth approximately $42,000. Must Asset Management Inc. bought a new stake in Castlight Health during the 4th quarter worth approximately $51,000. GSA Capital Partners LLP raised its stake in Castlight Health by 235.4% during the 3rd quarter. GSA Capital Partners LLP now owns 84,394 shares of the software maker’s stock worth $95,000 after acquiring an additional 59,235 shares during the period. Finally, Metropolitan Life Insurance Co NY bought a new stake in Castlight Health during the 1st quarter worth approximately $97,000. Hedge funds and other institutional investors own 46.22% of the company’s stock.
Castlight Health Company Profile (NYSE:CSLT)
Castlight Health, Inc provides health navigation solutions for employers and health plan customers in education, manufacturing, retail, technology, and government industries in the United States. It provides Care Guidance Navigator that enables users to make care decisions and navigate the employer-sponsored healthcare benefit programs; Wellbeing Navigator, which helps to drive engagement across an employer's benefits program; and Complete Health Navigator that combines the Wellbeing Navigator and Care Guidance Navigator packages for unified user experience.
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