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

CareCloud, Inc. (NASDAQ:CCLD) Director John N. Daly sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $3.87, for a total transaction of $19,350.00. Following the sale, the director now owns 61,750 shares of the company’s stock, valued at $238,972.50. The trade was a 7.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

CareCloud Stock Performance

CareCloud stock opened at $3.67 on Friday. The company has a 50 day moving average price of $3.22 and a 200 day moving average price of $2.67. CareCloud, Inc. has a 52 week low of $1.01 and a 52 week high of $4.84. The firm has a market capitalization of $59.66 million, a price-to-earnings ratio of -1.15 and a beta of 1.40.

Analyst Upgrades and Downgrades

CCLD has been the subject of a number of research reports. Roth Mkm cut shares of CareCloud from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $5.00 to $3.50 in a report on Wednesday, November 13th. Roth Capital lowered shares of CareCloud from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Finally, Benchmark reaffirmed a “buy” rating and issued a $4.50 price objective on shares of CareCloud in a research note on Friday, November 15th.

Institutional Investors Weigh In On CareCloud

Institutional investors have recently modified their holdings of the stock. XTX Topco Ltd acquired a new stake in shares of CareCloud during the 3rd quarter valued at $42,000. Heron Bay Capital Management boosted its stake in shares of CareCloud by 126.8% during the 2nd quarter. Heron Bay Capital Management now owns 34,576 shares of the company’s stock valued at $66,000 after buying an additional 19,329 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of CareCloud by 25.1% during the 2nd quarter. Renaissance Technologies LLC now owns 107,200 shares of the company’s stock valued at $206,000 after buying an additional 21,500 shares during the period. Institutional investors and hedge funds 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.