Castlight Health, Inc. (CSLT) Files Form 4 Insider Selling : Jonathan Rende Sells 30,771 Shares

Castlight Health, Inc. (CSLT): Jonathan Rende , Chief Research & Dev. Officer of Castlight Health, Inc. sold 30,771 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $3.33 per share for a total value of $102,565.90 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 17, 2016, John C Doyle (CFO, COO & Treasurer) sold 12,485 shares at $3.33 per share price.On May 17, 2016, Giovanni M. Colella (CEO and Co-Founder) sold 13,982 shares at $3.34 per share price.Also, On May 17, 2016, Jennifer Chaloemtiarana (General Counsel) sold 2,045 shares at $3.34 per share price.On Feb 19, 2016, John Mccracken (SVP, World Wide Sales) sold 7,016 shares at $2.77 per share price.

Shares of Castlight Health Inc (CSLT) ended Monday, May 16, 2016 session in red amid volatile trading. The shares closed down -0.11 points or -3.29% at $3.23 with 3,20,135 shares getting traded. Post opening the session at $3.34, the shares hit an intraday low of $3.16 and an intraday high of $3.52 and the price vacillated in this range throughout the day. The company has a market cap of $313 M and the number of outstanding shares has been calculated to be 9,68,86,328 shares. The 52-week high of Castlight Health Inc is $10.36 and the 52-week low is $2.54.

Castlight Health Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Castlight Health Inc is Reiterated by FBR Capital to Mkt Perform while Lowering the Price Target of the company shares to $ 4 from a previous price target of $5 . The Rating was issued on May 11, 2016.Castlight Health Inc is Reiterated by Topeka Capital Markets to Buy while Lowering the Price Target of the company shares to $ 6 from a previous price target of $6.50 . The Rating was issued on Feb 18, 2016.Castlight Health Inc is Reiterated by Stifel to Buy while Lowering the Price Target of the company shares to $ 6 from a previous price target of $7 . The Rating was issued on Feb 18, 2016.

Castlight Health Inc. is a provider of cloud-based software that enables enterprises to understand and manage health care spending as a business investment and help employees and their families make medical decisions. The Company’s Enterprise Healthcare Cloud provides information to its employees implementing technology-enabled benefit designs and integrating systems and applications. The Company deploys consumer-oriented applications that deliver employee engagement and enable employers to integrate benefit programs into one platform available to employees and their families. The Company’s Enterprise Healthcare Cloud offering transforms data into transparent and useful information. This data include external data which it obtains from sources such as health care providers insurance companies governmental agencies and quality-monitoring organizations as well as internal data generated through the usage of its applications.

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