Benefitfocus,inc. (BNFT) Files Form 4 Insider Buying : Stephen M Swad Buys 2,000 Shares

Benefitfocus,inc. (BNFT): Stephen M Swad , director of Benefitfocus,inc. purchased 2,000 shares on May 6, 2016. The Insider buying transaction was reported by the company on May 10, 2016 to the Securities and Exchange Commission. The shares were purchased at $32.90 per share for a total value of $65,790.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 5, 2016, Shawn A Jenkins (CEO) sold 7,722 shares at $32.38 per share price.On Apr 5, 2016, Raymond Alexander August (President and COO) sold 2,314 shares at $32.38 per share price.Also, On Dec 2, 2015, Stephen M Swad (director) purchased 2,500 shares at $39.32 per share price.On Dec 1, 2015, Milton Alpern (Chief Financial Officer) sold 5,000 shares at $40.52 per share price.

Shares of Benefitfocus Inc (BNFT) ended Friday, May 6, 2016 session in red amid volatile trading. The shares closed down -1.7 points or -4.92% at $32.86 with 6,04,380 shares getting traded. Post opening the session at $33.24, the shares hit an intraday low of $29.18 and an intraday high of $33.24 and the price vacillated in this range throughout the day. The company has a market cap of $965 M and the number of outstanding shares has been calculated to be 2,93,79,918 shares. The 52-week high of Benefitfocus Inc is $47.49 and the 52-week low is $21.04.

Benefitfocus Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Benefitfocus Inc is Reiterated by Canaccord Genuity to Buy and the brokerage firm has raised the Price Target to $ 36 from a previous price target of $35 .The Rating was issued on Mar 10, 2016.Benefitfocus Inc is Reiterated by RBC Capital Mkts to Sector Perform while Lowering the Price Target of the company shares to $ 34 from a previous price target of $36 . The Rating was issued on Mar 9, 2016.

Benefitfocus Inc. (Benefitfocus) is a provider of cloud-based benefits software solutions for consumers employers insurance carriers and brokers. The Benefitfocus platform provides solutions that enable the Company’s employer and insurance carrier customers to shop enroll manage and exchange benefits information. The Company operates through two business segments: Employer and Carrier. The Company offers a range of products and services for employers and insurance carriers. For employers the Company offers Benefitfocus Marketplace Data Cloud and Benefit Analytics Implementation Services Benefitfocus Service Center Media and Animation Services App Development Platform Software-Enabled Services and Benefitstore. For insurance carriers the Company offers eEnrollment eBilling eExchange eSales Marketplaces Data Cloud and Benefit Analytics Implementation Services Media and Animation Services App Development Platform Software-Enabled Services and BenefitStore.

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