TruBridge (NASDAQ:TBRG) Insider Michael Daughton Buys 10,167 Shares

TruBridge, Inc. (NASDAQ:TBRG) insider Michael Daughton bought 10,167 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were purchased at an average price of $19.95 per share, for a total transaction of $202,831.65. Following the transaction, the insider owned 33,138 shares of the company’s stock, valued at $661,103.10. The trade was a 44.26% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Michael Daughton also recently made the following trade(s):

• On Monday, November 17th, Michael Daughton acquired 17,500 shares of TruBridge stock. The shares were bought at an average price of $20.46 per share, for a total transaction of $358,050.00.
• On Friday, November 14th, Michael Daughton bought 2,500 shares of TruBridge stock. The stock was bought at an average price of $20.15 per share, with a total value of $50,375.00.
• On Thursday, November 13th, Michael Daughton purchased 4,354 shares of TruBridge stock. The shares were acquired at an average cost of $20.16 per share, for a total transaction of $87,776.64.
• On Tuesday, November 11th, Michael Daughton bought 15,479 shares of TruBridge stock. The shares were acquired at an average price of $19.39 per share, for a total transaction of $300,137.81.

TruBridge Stock Up 2.7%

Shares of TBRG traded up $0.56 during midday trading on Tuesday, reaching $21.07. 43,117 shares of the company were exchanged, compared to its average volume of 147,014. The company has a current ratio of 1.80, a quick ratio of 1.79 and a debt-to-equity ratio of 0.94. TruBridge, Inc. has a 1-year low of $15.69 and a 1-year high of $32.00. The company has a market cap of $316.30 million, a price-to-earnings ratio of -25.04 and a beta of 0.57. The stock has a 50-day moving average price of $20.11 and a 200-day moving average price of $21.64.

TruBridge (NASDAQ:TBRG) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.48. The company had revenue of $86.11 million during the quarter, compared to the consensus estimate of $85.56 million. TruBridge had a negative net margin of 3.63% and a positive return on equity of 3.30%. TruBridge has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts expect that TruBridge, Inc. will post 0.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of TruBridge in a report on Friday, October 31st. BMO Capital Markets initiated coverage on shares of TruBridge in a research report on Thursday, November 13th. They set a “market perform” rating and a $19.50 price target for the company. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, TruBridge currently has an average rating of “Hold” and an average price target of $25.50.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc acquired a new position in shares of TruBridge during the second quarter valued at $26,000. First Horizon Corp acquired a new stake in shares of TruBridge in the third quarter valued at approximately $42,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of TruBridge during the second quarter valued at approximately $59,000. New York State Common Retirement Fund bought a new stake in shares of TruBridge during the second quarter valued at approximately $101,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in TruBridge in the 2nd quarter worth approximately $128,000. 88.64% of the stock is currently owned by institutional investors.

TruBridge Company Profile

TruBridge, Inc provides healthcare solutions and services for community hospitals, clinics, and other healthcare systems in the United States and internationally. The company operates in three segments: Revenue Cycle Management (RCM), Electronic Health Record (HER), and Patient Engagement. It focuses on providing RCM solutions for care settings, regardless of primary healthcare information solutions provider along with business management, consulting, managed IT services, and analytics and business intelligence.