November 28, 2016 - By Ruchi Gupta
The Chief Revenue Officer of Castlight Health Inc, John Mccracken not a long ago got closely $72,157 U.S Dollars for 14,430 shares in the Castlight Health Inc company at an approx. $5.0 for each one share. In the last month, he also sold 104,941 shares with value $525,188 USD.
Out of 6 analysts covering Castlight Health (NYSE:CSLT), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. $8 is the highest target while $3.50 is the lowest. The $5.14 average target is 3.84% above today’s ($4.95) stock price. Castlight Health has been the topic of 12 analyst reports since October 9, 2015 according to StockzIntelligence Inc. The stock of Castlight Health Inc (NYSE:CSLT) has “Buy” rating given on Thursday, February 18 by Stifel Nicolaus. The stock has “Buy” rating given by Stifel Nicolaus on Thursday, November 5. Leerink Swann downgraded the stock to “Mkt Perform” rating in Thursday, November 5 report. As per Wednesday, May 11, the company rating was maintained by FBR Capital. Topeka Capital Markets maintained the stock with “Buy” rating in Thursday, February 18 report. The rating was initiated by Topeka Capital Markets with “Buy” on Wednesday, December 16. The rating was upgraded by First Analysis on Friday, October 9 to “Overweight”. FBR Capital initiated it with “Mkt Perform” rating and $5 target price in Wednesday, November 18 report.
Insitutional Activity: The institutional sentiment increased to 1.69 in Q2 2016. Its up 0.15, from 1.54 in 2016Q1. The ratio increased, as 6 funds sold all Castlight Health Inc shares owned while 22 reduced positions. 10 funds bought stakes while 33 increased positions. They now own 40.64 million shares or 0.35% more from 40.50 million shares in 2016Q1.
Rhumbline Advisers accumulated 0% or 31,437 shares. State Street Corporation has invested 0% of its portfolio in Castlight Health Inc (NYSE:CSLT). Millennium Limited Liability Corp last reported 93,161 shares in the company. Stoneridge Investment Partners Limited Liability Corporation has 37,704 shares for 0.02% of their US portfolio. Endurant Capital L P last reported 77,558 shares in the company. Wellington Limited Liability Partnership holds 0% of its portfolio in Castlight Health Inc (NYSE:CSLT) for 1.88M shares. Redmile Group Ltd Liability Corporation has invested 0% of its portfolio in Castlight Health Inc (NYSE:CSLT). The New Jersey-based Kcg Incorporated has invested 0% in Castlight Health Inc (NYSE:CSLT). Continental Ltd Liability Company last reported 134,000 shares in the company. Westpac has invested 0% of its portfolio in Castlight Health Inc (NYSE:CSLT). The Delaware-based Blackrock Advsrs Ltd Liability Com has invested 0% in Castlight Health Inc (NYSE:CSLT). Teton Advsr, a New York-based fund reported 218,060 shares. Sfmg has 10,000 shares for 0.01% of their US portfolio. Moreover, Citadel Advsr Limited Liability Company has 0% invested in Castlight Health Inc (NYSE:CSLT) for 182,078 shares. Prudential Public Ltd Company has 3.24 million shares for 0.05% of their US portfolio.
Insider Transactions: Since August 15, 2016, the stock had 0 buys, and 13 insider sales for $725,359 net activity. $498,380 worth of Castlight Health Inc (NYSE:CSLT) was sold by McCracken John. $23,498 worth of Castlight Health Inc (NYSE:CSLT) was sold by Nolan Mangini Siobhan. Rende Jonathan sold $38,856 worth of stock. DOYLE JOHN C had sold 3,167 shares worth $15,760. Colella Giovanni M. sold $17,601 worth of Castlight Health Inc (NYSE:CSLT) on Tuesday, November 15.
The stock decreased 1.00% or $0.05 during the last trading session, hitting $4.95. About 156,412 shares traded hands. Castlight Health Inc (NYSE:CSLT) has risen 27.55% since April 25, 2016 and is uptrending. It has outperformed by 21.54% the S&P500.
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 has a market cap of $508.26 million. The Firm operates through cloud products segment. It currently has negative earnings. The Company’s products deliver employee engagement and enable employers to integrate benefit programs into a single platform available to employees and their families.
According to Zacks Investment Research, “Castlight Health, Inc. operates as a provider of cloud-based software. Its enables enterprises to gain control over their rapidly escalating health care costs. The Company’s Enterprise Healthcare Cloud allows its customers to conquer the complexity of the existing health care system by providing personalized, actionable information to their employees, implementing technology-enabled benefit designs and integrating disparate systems and applications. Castlight Health, Inc. is headquartered in San Francisco, California.”
Analysts await Castlight Health Inc (NYSE:CSLT) to report earnings on February, 15. They expect $-0.11 EPS, up 47.62% or $0.10 from last year’s $-0.21 per share. After $-0.10 actual EPS reported by Castlight Health Inc for the previous quarter, Wall Street now forecasts 10.00% negative EPS growth.
More notable recent Castlight Health Inc (NYSE:CSLT) news were published by: Fool.com which released: “Why Castlight Health Inc. Is SkyrocketingToday” on May 18, 2016, also Fool.com with their article: “Why Castlight Health Inc Is Surging Today” published on August 09, 2016, Fool.com published: “Castlight Health Jumped 12.1% in August — Here’s Why” on September 09, 2016. More interesting news about Castlight Health Inc (NYSE:CSLT) were released by: Seekingalpha.com and their article: “Very Negative Outlook For Castlight Health” published on February 03, 2016 as well as Seekingalpha.com‘s news article titled: “Castlight Health Remains On The Same Bad Track” with publication date: March 03, 2016.
Castlight Health, Inc., incorporated on January 31, 2008, offers a health benefits platform that engages employees to make healthcare decisions, and enables employers to communicate and measure their benefit programs. The Firm operates through cloud products segment. The Company’s technology offering aggregates data and applies analytics to make healthcare data transparent. The Company’s products deliver employee engagement and enable employers to integrate benefit programs into a single platform available to employees and their families. The Company’s health benefits platform engages external data and its substantial user base to provide a single, end-to-end solution that integrates benefit programs and engages employees through personalized and relevant communications. The Company’s offering provides employers the opportunity to communicate, measure, and get value out of their benefits and programs on a real-time basis. It obtains external data from a range of sources, such as healthcare providers, insurance companies, governmental agencies and quality-monitoring organizations, as well as internal data it generates from the usage of its products. It applies data science techniques, including predictive modeling and epidemiological analytics that engage its database to drive insights.
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By Ruchi Gupta