John N. Daly Sells 5,000 Shares of CareCloud, Inc. (NASDAQ:CCLD) Stock

CareCloud, Inc. (NASDAQ:CCLD) Director John N. Daly sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $3.87, for a total transaction of $19,350.00. Following the sale, the director now directly owns 61,750 shares of the company’s stock, valued at approximately $238,972.50. This trade represents a 7.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

CareCloud Stock Up 4.1 %

Shares of CCLD stock opened at $3.81 on Friday. The firm has a market capitalization of $61.94 million, a price-to-earnings ratio of -1.19 and a beta of 1.44. CareCloud, Inc. has a 12-month low of $1.01 and a 12-month high of $4.84. The firm has a fifty day moving average of $3.20 and a 200-day moving average of $2.65.

Wall Street Analysts Forecast Growth

Several analysts have commented on CCLD shares. Roth Capital cut shares of CareCloud from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Benchmark reissued a “buy” rating and issued a $4.50 target price on shares of CareCloud in a research note on Friday, November 15th. Finally, Roth Mkm lowered CareCloud from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $5.00 to $3.50 in a research report on Wednesday, November 13th.

Institutional Investors Weigh In On CareCloud

Several large investors have recently modified their holdings of CCLD. Renaissance Technologies LLC lifted its holdings in shares of CareCloud by 25.1% during the 2nd 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 raised its holdings in CareCloud by 126.8% during the 2nd quarter. Heron Bay Capital Management now owns 34,576 shares of the company’s stock worth $66,000 after buying an additional 19,329 shares during the period. Finally, XTX Topco Ltd bought a new position in CareCloud in the third quarter valued at approximately $42,000. 10.16% of the stock is currently owned by institutional investors.

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.