Benefitfocus Inc (NASDAQ:BNFT) CFO Jonathon E. Dussault sold 4,045 shares of the business’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $36.81, for a total transaction of $148,896.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

BNFT opened at $36.90 on Friday. The company has a debt-to-equity ratio of -3.49, a quick ratio of 0.98 and a current ratio of 0.98. Benefitfocus Inc has a twelve month low of $21.75 and a twelve month high of $40.00. The stock has a market capitalization of $1.17 billion, a PE ratio of -46.71 and a beta of 0.85.

Benefitfocus (NASDAQ:BNFT) last posted its earnings results on Thursday, August 2nd. The software maker reported ($0.24) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.40) by $0.16. The firm had revenue of $60.60 million during the quarter, compared to the consensus estimate of $56.93 million. During the same period in the previous year, the company posted ($0.05) EPS. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. analysts expect that Benefitfocus Inc will post -1.21 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of BNFT. Millennium Management LLC grew its holdings in shares of Benefitfocus by 776.0% in the 2nd quarter. Millennium Management LLC now owns 735,496 shares of the software maker’s stock worth $24,713,000 after purchasing an additional 651,532 shares during the last quarter. Frontier Capital Management Co. LLC grew its holdings in shares of Benefitfocus by 31.8% in the 1st quarter. Frontier Capital Management Co. LLC now owns 2,310,556 shares of the software maker’s stock worth $56,378,000 after purchasing an additional 557,638 shares during the last quarter. FMR LLC grew its holdings in shares of Benefitfocus by 8.3% in the 2nd quarter. FMR LLC now owns 4,395,000 shares of the software maker’s stock worth $147,672,000 after purchasing an additional 336,048 shares during the last quarter. Baillie Gifford & Co. grew its holdings in shares of Benefitfocus by 88.3% in the 2nd quarter. Baillie Gifford & Co. now owns 696,164 shares of the software maker’s stock worth $23,391,000 after purchasing an additional 326,460 shares during the last quarter. Finally, Elk Creek Partners LLC bought a new stake in shares of Benefitfocus in the 1st quarter worth about $7,666,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on BNFT shares. BidaskClub raised shares of Benefitfocus from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Chardan Capital boosted their price target on shares of Benefitfocus from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Friday, August 3rd. Zacks Investment Research raised shares of Benefitfocus from a “sell” rating to a “hold” rating and set a $39.00 price target on the stock in a report on Tuesday, May 15th. Piper Jaffray Companies boosted their price target on shares of Benefitfocus to $40.00 and gave the company an “overweight” rating in a report on Friday, June 29th. Finally, Berenberg Bank set a $35.00 price target on shares of Benefitfocus and gave the company a “buy” rating in a report on Friday, May 4th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Benefitfocus currently has a consensus rating of “Buy” and an average target price of $35.50.

Benefitfocus Company Profile

Benefitfocus, Inc provides cloud-based benefits management platform for consumers, employers, insurance carriers, and brokers in the United States. It operates through Employer and Carrier segments. The company's products for insurance carriers include Marketplaces, which are online shopping environments; eEnrollment that provides online enrollment for benefits; eBilling, an electronic invoice presentment and payment solution; eExchange, a solution for communication; eSales for carriers and brokers to organize and manage accounts, track leads, generate quotes, and create proposals for products; and Core & Advanced Analytics, a data analytics solution.

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