John N. Daly Sells 10,000 Shares of CareCloud, Inc. (NASDAQ:CCLD) Stock

CareCloud, Inc. (NASDAQ:CCLDGet Free Report) Director John N. Daly sold 10,000 shares of CareCloud stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $3.65, for a total value of $36,500.00. Following the completion of the transaction, the director now owns 66,750 shares of the company’s stock, valued at approximately $243,637.50. The trade was a 13.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

CareCloud Price Performance

CCLD opened at $3.95 on Friday. CareCloud, Inc. has a 1-year low of $0.68 and a 1-year high of $4.45. The business has a 50 day moving average price of $2.67 and a two-hundred day moving average price of $2.52. The company has a market capitalization of $64.19 million, a price-to-earnings ratio of -1.17 and a beta of 1.44.

Analyst Ratings Changes

A number of equities analysts have commented on CCLD shares. Roth Capital downgraded CareCloud from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Benchmark reiterated a “buy” rating and set a $4.50 price objective on shares of CareCloud in a research report on Friday, November 15th. Finally, Roth Mkm downgraded CareCloud from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $5.00 to $3.50 in a research report on Wednesday, November 13th.

View Our Latest Stock Report on CareCloud

Institutional Investors Weigh In On CareCloud

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its holdings in shares of CareCloud by 25.1% in the second quarter. Renaissance Technologies LLC now owns 107,200 shares of the company’s stock valued at $206,000 after purchasing an additional 21,500 shares in the last quarter. Heron Bay Capital Management lifted its holdings in shares of CareCloud by 126.8% in the second quarter. Heron Bay Capital Management now owns 34,576 shares of the company’s stock valued at $66,000 after purchasing an additional 19,329 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of CareCloud in the third quarter valued at $42,000. Institutional investors and hedge funds own 10.16% of the company’s stock.

CareCloud Company Profile

(Get Free Report)

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.

Further Reading

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