$CSLT,Castlight Health major shareholder Purchases $1,319,500.00 in Stock (CSLT)
Posted by Brady Heezen on Nov 16th, 2015 // No Comments
Castlight Health logoCastlight Health (NASDAQ:CSLT) major shareholder Associates V. Lp Venrock bought 350,000 shares of the stock in a transaction on Tuesday, November 10th. The shares were acquired at an average cost of $3.77 per share, for a total transaction of $1,319,500.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Castlight Health (NASDAQ:CSLT) opened at 3.85 on Monday. The firm’s market cap is $364.38 million. The stock’s 50 day moving average price is $4.45 and its 200 day moving average price is $6.62. Castlight Health has a 52 week low of $3.59 and a 52 week high of $13.44.
Castlight Health (NASDAQ:CSLT) last issued its quarterly earnings results on Wednesday, November 4th. The company reported ($0.17) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.17). During the same quarter in the previous year, the business posted ($0.18) EPS. The business earned $19.50 million during the quarter, compared to the consensus estimate of $19.42 million. The company’s revenue for the quarter was up 59.8% on a year-over-year basis. On average, equities research analysts predict that Castlight Health will post ($0.70) EPS for the current year.
Several brokerages have commented on CSLT. Canaccord Genuity restated a “hold” rating and set a $8.00 price objective on shares of Castlight Health in a research report on Thursday, August 6th. Stifel Nicolaus upped their price target on Castlight Health from $7.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, November 5th. First Analysis raised Castlight Health from an “equal weight” rating to an “overweight” rating and set a $8.00 price objective on the stock in a research note on Friday, October 9th. Finally, Leerink Swann lowered Castlight Health from an “outperform” rating to a “market perform” rating and cut their price target for the company from $14.00 to $5.00 in a research note on Thursday, November 5th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $8.50.
Castlight Health, Inc. is a provider of cloud-established software that enables businesses to understand and handle health care spending as a company investment, and help workers and their families make medical decisions. The Enterprise Healthcare Cloud of the Company’s provides its workers with advice, implementing technology- enabled benefit designs and incorporating applications and systems. The business sets up consumer-oriented applications that deliver employee involvement and enable employers to integrate benefit programs into one platform available to workers as well as their own families. Data is transformed by the organization ‘s Enterprise Healthcare Cloud offering into transparent and useful advice. This data comprise external data, which it obtains from sources, like quality, insurance providers, governmental agencies and health care providers -monitoring organizations, as well as internal data created through its applications’ use.
Posted by Brady Heezen on Nov 16th, 2015 // No Comments
Castlight Health logoCastlight Health (NASDAQ:CSLT) major shareholder Associates V. Lp Venrock bought 350,000 shares of the stock in a transaction on Tuesday, November 10th. The shares were acquired at an average cost of $3.77 per share, for a total transaction of $1,319,500.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Castlight Health (NASDAQ:CSLT) opened at 3.85 on Monday. The firm’s market cap is $364.38 million. The stock’s 50 day moving average price is $4.45 and its 200 day moving average price is $6.62. Castlight Health has a 52 week low of $3.59 and a 52 week high of $13.44.
Castlight Health (NASDAQ:CSLT) last issued its quarterly earnings results on Wednesday, November 4th. The company reported ($0.17) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.17). During the same quarter in the previous year, the business posted ($0.18) EPS. The business earned $19.50 million during the quarter, compared to the consensus estimate of $19.42 million. The company’s revenue for the quarter was up 59.8% on a year-over-year basis. On average, equities research analysts predict that Castlight Health will post ($0.70) EPS for the current year.
Several brokerages have commented on CSLT. Canaccord Genuity restated a “hold” rating and set a $8.00 price objective on shares of Castlight Health in a research report on Thursday, August 6th. Stifel Nicolaus upped their price target on Castlight Health from $7.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, November 5th. First Analysis raised Castlight Health from an “equal weight” rating to an “overweight” rating and set a $8.00 price objective on the stock in a research note on Friday, October 9th. Finally, Leerink Swann lowered Castlight Health from an “outperform” rating to a “market perform” rating and cut their price target for the company from $14.00 to $5.00 in a research note on Thursday, November 5th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $8.50.
Castlight Health, Inc. is a provider of cloud-established software that enables businesses to understand and handle health care spending as a company investment, and help workers and their families make medical decisions. The Enterprise Healthcare Cloud of the Company’s provides its workers with advice, implementing technology- enabled benefit designs and incorporating applications and systems. The business sets up consumer-oriented applications that deliver employee involvement and enable employers to integrate benefit programs into one platform available to workers as well as their own families. Data is transformed by the organization ‘s Enterprise Healthcare Cloud offering into transparent and useful advice. This data comprise external data, which it obtains from sources, like quality, insurance providers, governmental agencies and health care providers -monitoring organizations, as well as internal data created through its applications’ use.
I'm in it to win it!
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
