Castlight Health, Inc. (CSLT): John Mccracken , SVP, World Wide Sales of Castlight Health, Inc. sold 4,526 shares on May 18, 2016. The Insider selling transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were sold at $3.99 per share for a total value of $18,041.99 , 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, Jonathan Rende (Chief Research & Dev. Officer) sold 30,771 shares at $3.33 per share price.On May 17, 2016, John C Doyle (CFO, COO & Treasurer) sold 12,485 shares at $3.33 per share price.Also, On May 17, 2016, Giovanni M. Colella (CEO and Co-Founder) sold 13,982 shares at $3.34 per share price.On May 17, 2016, Jennifer Chaloemtiarana (General Counsel) sold 2,045 shares at $3.34 per share price.
Castlight Health Inc: On Thursday, May 19, 2016 heightened volatility was witnessed in Castlight Health Inc which led to swings in the share price. The shares opened for trading at $4.17 and hit $4.8327 on the upside , eventually ending the session at $4.39, with a gain of 8.40% or 0.34 points. The heightened volatility saw the trading volume jump to 16,61,948 shares. The 52-week high of the share price is $10.36 and the company has a market cap of $186,057 M . The 52-week low of the share price is at $2.54.
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 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.