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

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

CareCloud Stock Up 4.1 %

Shares of NASDAQ CCLD opened at $3.81 on Friday. CareCloud, Inc. has a 12-month low of $1.01 and a 12-month high of $4.84. The firm’s 50-day simple moving average is $3.20 and its 200 day simple moving average is $2.65. The company has a market cap of $61.94 million, a price-to-earnings ratio of -1.19 and a beta of 1.44.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On CareCloud

A number of large investors have recently modified their holdings of the stock. XTX Topco Ltd acquired a new stake in shares of CareCloud in the third quarter valued at approximately $42,000. Heron Bay Capital Management increased its stake in shares of CareCloud by 126.8% in 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 increased its stake in shares of CareCloud by 25.1% in 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. 10.16% of the stock is currently owned by institutional investors and hedge funds.

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.