Teachers Advisors LLC Acquires 40,579 Shares of Castlight Health, inc. (CSLT)

Teachers Advisors LLC grew its holdings in shares of Castlight Health, inc. (NYSE:CSLT) by 55.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 113,462 shares of the software maker’s stock after purchasing an additional 40,579 shares during the quarter. Teachers Advisors LLC owned about 0.09% of Castlight Health, inc. worth $471,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Edge Wealth Management LLC raised its holdings in Castlight Health, inc. by 6.5% in the 2nd quarter. Edge Wealth Management LLC now owns 50,050 shares of the software maker’s stock worth $198,000 after acquiring an additional 3,050 shares during the period. Jaffetilchin Investment Partners LLC bought a new position in Castlight Health, inc. in the 2nd quarter worth $236,000. Rhumbline Advisers raised its holdings in Castlight Health, inc. by 54.2% in the 2nd quarter. Rhumbline Advisers now owns 65,904 shares of the software maker’s stock worth $274,000 after acquiring an additional 23,170 shares during the period. Cowen Prime Services LLC raised its holdings in Castlight Health, inc. by 61.9% in the 2nd quarter. Cowen Prime Services LLC now owns 81,100 shares of the software maker’s stock worth $337,000 after acquiring an additional 31,000 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in Castlight Health, inc. by 19.0% in the 2nd quarter. Alliancebernstein L.P. now owns 95,750 shares of the software maker’s stock worth $397,000 after acquiring an additional 15,300 shares during the period. Institutional investors and hedge funds own 41.00% of the company’s stock.

Several analysts have issued reports on CSLT shares. Cantor Fitzgerald restated a “hold” rating and issued a $5.00 price target on shares of Castlight Health, inc. in a research report on Wednesday, October 25th. Chardan Capital decreased their price target on shares of Castlight Health, inc. from $6.50 to $6.30 and set a “buy” rating on the stock in a research report on Thursday, October 26th. BidaskClub lowered shares of Castlight Health, inc. from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Canaccord Genuity restated a “buy” rating and issued a $7.00 price target on shares of Castlight Health, inc. in a research report on Thursday, October 26th. Finally, Cowen and Company restated a “market perform” rating and issued a $4.50 price target (up from $4.00) on shares of Castlight Health, inc. in a research report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Castlight Health, inc. has a consensus rating of “Hold” and a consensus target price of $5.22.

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In other Castlight Health, inc. news, insider Giovanni M. Colella sold 23,800 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $4.05, for a total value of $96,390.00. Following the completion of the transaction, the insider now directly owns 78,906 shares of the company’s stock, valued at $319,569.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Robert Derek Newell bought 30,468 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was bought at an average cost of $3.95 per share, with a total value of $120,348.60. Following the completion of the purchase, the president now owns 128,671 shares of the company’s stock, valued at approximately $508,250.45. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 158,487 shares of company stock worth $597,608. Company insiders own 24.38% of the company’s stock.

Shares of Castlight Health, inc. (CSLT) opened at $3.95 on Monday. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.03. Castlight Health, inc. has a 12-month low of $3.05 and a 12-month high of $5.50.

Castlight Health, inc. (NYSE:CSLT) last issued its earnings results on Wednesday, October 25th. The software maker reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.02. The business had revenue of $34.60 million for the quarter, compared to analyst estimates of $34.61 million. Castlight Health, inc. had a negative net margin of 45.14% and a negative return on equity of 32.57%. The firm’s revenue was up 35.7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.05) EPS. analysts forecast that Castlight Health, inc. will post -0.44 earnings per share for the current year.

Castlight Health, inc. Company Profile

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.

Institutional Ownership by Quarter for Castlight Health, inc. (NYSE:CSLT)

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