John N. Daly Sells 15,000 Shares of CareCloud, Inc. (NASDAQ:CCLD) Stock

CareCloud, Inc. (NASDAQ:CCLD) Director John N. Daly sold 15,000 shares of the company’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $2.11, for a total transaction of $31,650.00. Following the sale, the director now directly owns 61,750 shares of the company’s stock, valued at approximately $130,292.50. This trade represents a 19.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

CareCloud Price Performance

NASDAQ:CCLD opened at $2.52 on Thursday. The firm has a 50-day moving average of $1.90 and a two-hundred day moving average of $2.62. The stock has a market cap of $106.65 million, a P/E ratio of -11.45 and a beta of 2.05. CareCloud, Inc. has a 1-year low of $1.14 and a 1-year high of $4.84.

CareCloud (NASDAQ:CCLD) last issued its earnings results on Tuesday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). The company had revenue of $27.60 million during the quarter, compared to analyst estimates of $25.94 million. CareCloud had a net margin of 8.92% and a return on equity of 24.08%. As a group, equities analysts expect that CareCloud, Inc. will post 0.58 earnings per share for the current year.

Analyst Ratings Changes

CCLD has been the subject of a number of research reports. Roth Mkm reaffirmed a “neutral” rating and set a $1.50 price target (down from $3.50) on shares of CareCloud in a research report on Friday, March 14th. Roth Capital reaffirmed a “neutral” rating on shares of CareCloud in a research report on Tuesday, May 6th.

Institutional Investors Weigh In On CareCloud

Institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in CareCloud by 31.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 15,096 shares of the company’s stock worth $55,000 after acquiring an additional 3,641 shares during the period. HighTower Advisors LLC acquired a new stake in CareCloud during the first quarter worth about $28,000. Two Sigma Advisers LP acquired a new stake in CareCloud during the fourth quarter worth about $81,000. XTX Topco Ltd acquired a new stake in CareCloud during the first quarter worth about $35,000. Finally, Kingsview Wealth Management LLC acquired a new stake in CareCloud during the first quarter worth about $36,000. 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.