CareCloud, Inc. (NASDAQ:CCLD) Director John N. Daly Sells 15,000 Shares

CareCloud, Inc. (NASDAQ:CCLD - Get Free Report) Director John N. Daly sold 15,000 shares of CareCloud stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $2.11, for a total value of $31,650.00. Following the completion of the transaction, the director now owns 61,750 shares of the company's stock, valued at $130,292.50. The trade was a 19.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

CareCloud Price Performance

Shares of NASDAQ CCLD traded down $0.02 during midday trading on Friday, hitting $2.50. 2,511,630 shares of the company's stock were exchanged, compared to its average volume of 393,027. CareCloud, Inc. has a twelve month low of $1.14 and a twelve month high of $4.84. The company has a market cap of $105.80 million, a PE ratio of -11.36 and a beta of 2.05. The firm's fifty day simple moving average is $1.95 and its 200-day simple moving average is $2.60.

CareCloud (NASDAQ:CCLD - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.04). The firm had revenue of $27.60 million for the quarter, compared to analyst estimates of $25.94 million. CareCloud had a return on equity of 24.08% and a net margin of 8.92%. Equities analysts anticipate that CareCloud, Inc. will post 0.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CCLD shares. Roth Capital reissued a "neutral" rating on shares of CareCloud in a research report on Tuesday, May 6th. Roth Mkm reissued a "neutral" rating and set a $1.50 target price (down previously from $3.50) on shares of CareCloud in a research report on Friday, March 14th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CCLD. HighTower Advisors LLC acquired a new position in CareCloud during the first quarter worth approximately $28,000. XTX Topco Ltd acquired a new position in CareCloud during the first quarter worth approximately $35,000. Kingsview Wealth Management LLC acquired a new position in CareCloud during the first quarter worth approximately $36,000. Axxcess Wealth Management LLC acquired a new position in CareCloud during the first quarter worth approximately $41,000. Finally, Colonial River Investments LLC acquired a new position in CareCloud during the first quarter worth approximately $41,000. 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.