Benefitfocus unifies the entire benefits industry through innovative technology solutions that bring efficiency, cost savings and simplicity to employee benefits administration. The Company's powerful cloud-based software, data-driven insights and thoughtfully designed services help employers, insurance brokers, health plans and suppliers address the complexity of benefits enrollment and engagement, while bringing easier access to health, wealth and lifestyle products through a world-class benefits experience. The Company's mission is simple: to improve lives with benefits.
Company profile
Ticker
BNFT
Exchange
Website
CEO
Raymond August
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Microsoft • Oracle • Mobileye Global Inc - Ordinary Shares • Activision Blizzard • Gen Digital • Vmware • Adobe • Salesforce • BlackBerry • Dayforce ...
Former names
Benefitfocus,Inc.
SEC CIK
Corporate docs
Subsidiaries
A Delaware corporation • Benefitfocus.com, Inc. • BenefitStore, Inc. • Tango Health, Inc. ...
IRS number
462346314
BNFT stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
3 Feb 23
EFFECT
Notice of effectiveness
31 Jan 23
EFFECT
Notice of effectiveness
31 Jan 23
EFFECT
Notice of effectiveness
31 Jan 23
S-8 POS
Registration of securities for employees (post-effective amendment)
24 Jan 23
S-8 POS
Registration of securities for employees (post-effective amendment)
24 Jan 23
POS AM
Prospectus update (post-effective amendment)
24 Jan 23
S-8 POS
Registration of securities for employees (post-effective amendment)
24 Jan 23
POS AM
Prospectus update (post-effective amendment)
24 Jan 23
S-8 POS
Registration of securities for employees (post-effective amendment)
24 Jan 23
Transcripts
BNFT
Earnings call transcript
2022 Q2
4 Aug 22
BNFT
Earnings call transcript
2022 Q1
6 May 22
BNFT
Earnings call transcript
2021 Q4
2 Mar 22
BNFT
Earnings call transcript
2021 Q3
3 Nov 21
BNFT
Earnings call transcript
2021 Q2
4 Aug 21
BNFT
Earnings call transcript
2021 Q1
8 May 21
BNFT
Earnings call transcript
2020 Q4
9 Mar 21
BNFT
Earnings call transcript
2020 Q3
8 Nov 20
BNFT
Earnings call transcript
2020 Q2
9 Aug 20
BNFT
Earnings call transcript
2020 Q1
10 May 20
Latest ownership filings
SC 13G/A
Archon Capital Management LLC
13 Feb 23
SC 13G/A
VANGUARD GROUP INC
9 Feb 23
SC 13G/A
BlackRock Inc.
1 Feb 23
4
A Lanham Napier
26 Jan 23
4
Zeynep Young
26 Jan 23
4
Change in insider ownership
26 Jan 23
4
Alpana Wegner
25 Jan 23
4
Coretha M Rushing
25 Jan 23
4
J Bradley Wilson
25 Jan 23
4
Stephen M Swad
25 Jan 23
Financial summary
Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 55.12 mm | 55.12 mm | 55.12 mm | 55.12 mm | 55.12 mm | 55.12 mm |
Cash burn (monthly) | (no burn) | (no burn) | 2.31 mm | 1.33 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | 41.52 mm | 23.89 mm | n/a | n/a |
Cash remaining | n/a | n/a | 13.60 mm | 31.23 mm | n/a | n/a |
Runway (months of cash) | n/a | n/a | 5.9 | 23.5 | n/a | n/a |
Institutional ownership, Q1 2023
15.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 2 |
Opened positions | 0 |
Closed positions | 106 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 54.49 mm |
Total shares | 5.33 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
BuildGroup Management | 5.33 mm | $37.28 mm |
FinTrust Capital Advisors | 1.65 k | $17.21 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
24 Jan 23 | Indaba Capital Management | Common Stock | Sale back to company | Dispose D | Yes | No | 10.5 | 20,726 | 217.62 k | 0 |
24 Jan 23 | Indaba Capital Management | Common Stock | Sale back to company | Dispose D | Yes | No | 10.5 | 17,890 | 187.85 k | 0 |
24 Jan 23 | Indaba Capital Management | Common Stock | Sale back to company | Dispose D | Yes | No | 10.5 | 3,963,694 | 41.62 mm | 0 |
24 Jan 23 | Matthew Levin | Common Stock | Sale back to company | Dispose D | No | No | 0 | 559,245 | 0.00 | 0 |
24 Jan 23 | Matthew Levin | Common Stock | Sale back to company | Dispose D | No | No | 0 | 197,855 | 0.00 | 559,245 |
24 Jan 23 | Matthew Levin | Common Stock | Option exercise | Acquire M | No | No | 0 | 12,360 | 0.00 | 757,100 |
24 Jan 23 | Matthew Levin | RSU Common Stock | Sale back to company | Dispose D | No | No | 0 | 106,640 | 0.00 | 0 |
24 Jan 23 | Matthew Levin | RSU Common Stock | Sale back to company | Dispose D | No | No | 0 | 142,100 | 0.00 | 0 |
24 Jan 23 | Matthew Levin | RSU Common Stock | Sale back to company | Dispose D | No | No | 0 | 88,532 | 0.00 | 142,100 |
24 Jan 23 | Matthew Levin | RSU Common Stock | Sale back to company | Dispose D | No | No | 0 | 12,512 | 0.00 | 0 |