TruBridge (NASDAQ:TBRG) Insider Michael Daughton Purchases 17,500 Shares

TruBridge, Inc. (NASDAQ:TBRG) insider Michael Daughton acquired 17,500 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was purchased at an average cost of $20.46 per share, for a total transaction of $358,050.00. Following the completion of the acquisition, the insider owned 57,492 shares in the company, valued at approximately $1,176,286.32. This represents a 43.76% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, November 14th, Michael Daughton bought 2,500 shares of TruBridge stock. The shares were purchased at an average cost 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 stock was 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 price of $19.95 per share, for a total transaction of $202,831.65.
• On Tuesday, November 11th, Michael Daughton purchased 15,479 shares of TruBridge stock. The shares were acquired at an average cost of $19.39 per share, for a total transaction of $300,137.81.

TruBridge Price Performance

Shares of TruBridge stock opened at $21.11 on Wednesday. The company has a quick ratio of 1.79, a current ratio of 1.80 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $316.84 million, a price-to-earnings ratio of -25.13 and a beta of 0.57. TruBridge, Inc. has a twelve month low of $15.69 and a twelve month high of $32.00. The company has a 50-day simple moving average of $20.13 and a two-hundred day simple moving average of $21.61.

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

Analyst Ratings Changes

TBRG has been the subject of several analyst reports. BMO Capital Markets assumed coverage on TruBridge in a report on Thursday, November 13th. They issued a “market perform” rating and a $19.50 price objective for the company. Weiss Ratings restated a “sell (e+)” rating on shares of TruBridge in a research report on Friday, October 31st. One 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $25.50.

Institutional Investors Weigh In On TruBridge

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nellore Capital Management LLC lifted its stake in TruBridge by 9.2% during the third quarter. Nellore Capital Management LLC now owns 747,032 shares of the company’s stock worth $15,068,000 after purchasing an additional 63,111 shares during the last quarter. Millennium Management LLC bought a new position in shares of TruBridge in the 3rd quarter valued at $254,000. Squarepoint Ops LLC raised its holdings in shares of TruBridge by 175.9% during the 3rd quarter. Squarepoint Ops LLC now owns 86,672 shares of the company’s stock worth $1,748,000 after buying an additional 55,259 shares in the last quarter. Kennedy Capital Management LLC lifted its position in shares of TruBridge by 14.9% during the 3rd quarter. Kennedy Capital Management LLC now owns 276,940 shares of the company’s stock worth $5,586,000 after buying an additional 35,872 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in TruBridge by 15.5% in the third quarter. Dimensional Fund Advisors LP now owns 470,593 shares of the company’s stock valued at $9,492,000 after buying an additional 63,112 shares in the last quarter. 88.64% of the stock is currently owned by institutional investors.

About TruBridge

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.