TruBridge (NASDAQ:TBRG) Insider Michael Daughton Purchases 15,479 Shares of Stock

TruBridge, Inc. (NASDAQ:TBRG) insider Michael Daughton purchased 15,479 shares of TruBridge stock in a transaction that occurred on Tuesday, November 11th. The stock was acquired at an average cost of $19.39 per share, with a total value of $300,137.81. Following the transaction, the insider owned 22,971 shares in the company, valued at $445,407.69. This trade represents a 206.61% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, November 17th, Michael Daughton acquired 17,500 shares of TruBridge stock. The stock was acquired at an average cost of $20.46 per share, for a total transaction of $358,050.00.
• On Friday, November 14th, Michael Daughton acquired 2,500 shares of TruBridge stock. The shares were acquired at an average price of $20.15 per share, with a total value of $50,375.00.
• On Thursday, November 13th, Michael Daughton bought 4,354 shares of TruBridge stock. The shares were acquired at an average cost of $20.16 per share, with a total value of $87,776.64.
• On Wednesday, November 12th, Michael Daughton purchased 10,167 shares of TruBridge stock. The stock was acquired at an average cost of $19.95 per share, for a total transaction of $202,831.65.

TruBridge Price Performance

TBRG stock opened at $21.11 on Wednesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.79 and a current ratio of 1.80. The business has a 50-day simple moving average of $20.13 and a two-hundred day simple moving average of $21.61. The company has a market capitalization of $316.84 million, a P/E ratio of -25.13 and a beta of 0.57. TruBridge, Inc. has a 52-week low of $15.69 and a 52-week high of $32.00.

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

Analyst Ratings Changes

Several brokerages have weighed in on TBRG. BMO Capital Markets started coverage on TruBridge in a research note on Thursday, November 13th. They set a “market perform” rating and a $19.50 price objective on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of TruBridge in a report on Friday, October 31st. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, TruBridge currently has an average rating of “Hold” and an average target price of $25.50.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Legal & General Group Plc purchased a new stake in shares of TruBridge during the 2nd quarter valued at $26,000. First Horizon Corp bought a new position in TruBridge during the third quarter valued at about $42,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in TruBridge during the second quarter worth about $59,000. New York State Common Retirement Fund bought a new stake in TruBridge in the second quarter worth about $101,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in TruBridge in the second quarter worth about $128,000. Institutional investors own 88.64% of the company’s stock.

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.