CareCloud, Inc. (NASDAQ:CCLD) Director John N. Daly Sells 5,000 Shares

CareCloud, Inc. (NASDAQ:CCLD) Director John N. Daly sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $3.87, for a total value of $19,350.00. Following the sale, the director now directly owns 61,750 shares of the company’s stock, valued at $238,972.50. This represents a 7.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

CareCloud Price Performance

CCLD stock opened at $3.67 on Friday. The stock has a market capitalization of $59.66 million, a price-to-earnings ratio of -1.15 and a beta of 1.40. The business’s fifty day moving average price is $3.22 and its two-hundred day moving average price is $2.66. CareCloud, Inc. has a fifty-two week low of $1.01 and a fifty-two week high of $4.84.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Roth Mkm downgraded CareCloud from a “buy” rating to a “neutral” rating and cut their price target for the company from $5.00 to $3.50 in a report on Wednesday, November 13th. Roth Capital downgraded CareCloud from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Finally, Benchmark reaffirmed a “buy” rating and set a $4.50 price target on shares of CareCloud in a report on Friday, November 15th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in CareCloud during the 3rd quarter worth $42,000. Heron Bay Capital Management increased its position in CareCloud by 126.8% during the 2nd quarter. Heron Bay Capital Management now owns 34,576 shares of the company’s stock worth $66,000 after buying an additional 19,329 shares during the period. Finally, Renaissance Technologies LLC increased its position in CareCloud by 25.1% during the 2nd quarter. Renaissance Technologies LLC now owns 107,200 shares of the company’s stock worth $206,000 after buying an additional 21,500 shares during the period. Institutional investors own 10.16% of the company’s stock.

CareCloud Company Profile

CareCloud, Inc, a healthcare information technology (IT) company, provides a suite of cloud-based solutions and related business services to healthcare providers and hospitals primarily in the United States. It operates in two segments, Healthcare IT and Medical Practice Management. The company's portfolio of proprietary software and business services includes technology-enabled business solutions; cloud-based software; digital health services; healthcare IT professional services and staffing; and medical practice management services.