Benefitfocus,inc. (BNFT) Files Form 4 Insider Selling : Francis J. Pelzer Sells 1,530 Shares

Benefitfocus,inc. (BNFT): Francis J. Pelzer , director of Benefitfocus,inc. sold 1,530 shares on Jun 17, 2016. The Insider selling transaction was reported by the company on Jun 21, 2016 to the Securities and Exchange Commission. The shares were sold at $39.54 per share for a total value of $60,496.20 , 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 10, 2016, Stephen M Swad (director) purchased 2,000 shares at $32.90 per share price.On May 10, 2016, Douglas Dennerline (director) sold 3,200 shares at $31.85 per share price.Also, 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.

Benefitfocus Inc: On Monday, Jun 20, 2016 heightened volatility was witnessed in Benefitfocus Inc which led to swings in the share price. The shares opened for trading at $39.53 and hit $41.24 on the upside , eventually ending the session at $40.17, with a gain of 2.45% or 0.96 points. The heightened volatility saw the trading volume jump to 1,45,360 shares. The 52-week high of the share price is $46.89 and the company has a market cap of $1,180 M . The 52-week low of the share price is at $21.04.

Benefitfocus Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Benefitfocus Inc is Initiated by Goldman to Neutral and the brokerage firm has set the Price Target at $38. The Rating was issued on May 23, 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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