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 company’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 value of $19,350.00. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

CareCloud Trading Down 3.7 %

NASDAQ CCLD opened at $3.67 on Friday. The company has a market cap of $59.66 million, a PE ratio of -1.15 and a beta of 1.40. CareCloud, Inc. has a 12 month low of $1.01 and a 12 month high of $4.84. The stock has a 50 day moving average of $3.22 and a 200-day moving average of $2.66.

Analysts Set New Price Targets

CCLD has been the subject of a number of recent research reports. Roth Capital downgraded CareCloud from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Roth Mkm downgraded CareCloud from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $5.00 to $3.50 in a research report on Wednesday, November 13th. Finally, Benchmark reaffirmed a “buy” rating and set a $4.50 price target on shares of CareCloud in a research report on Friday, November 15th.

Institutional Investors Weigh In On CareCloud

Large investors have recently made changes to their positions in the stock. XTX Topco Ltd acquired a new stake in shares of CareCloud in the 3rd quarter valued at approximately $42,000. Heron Bay Capital Management boosted its holdings in shares of CareCloud by 126.8% in the 2nd quarter. Heron Bay Capital Management now owns 34,576 shares of the company’s stock valued at $66,000 after buying an additional 19,329 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of CareCloud by 25.1% in the 2nd quarter. Renaissance Technologies LLC now owns 107,200 shares of the company’s stock valued at $206,000 after buying an additional 21,500 shares during the last quarter. Institutional investors and hedge funds own 10.16% of the company’s stock.

About CareCloud

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.