Key Points
- Director John Daly sold 15,000 shares at an average price of $3.41 on Nov. 10 for $51,150, trimming his stake by 22.47% to 51,750 shares (SEC filing).
- CareCloud beat quarterly expectations, reporting EPS of $0.10 versus $0.08 expected and revenue of $31.07M versus $29.01M, with a 23.51% ROE and 10.08% net margin.
- Shares traded at $3.17 (down 1.1%) with a market cap of $133.95M; the Street consensus is a Hold with an average price target of $3.08.
CareCloud, Inc. (NASDAQ:CCLD - Get Free Report) Director John Daly sold 15,000 shares of the firm's stock in a transaction on Monday, November 10th. The shares were sold at an average price of $3.41, for a total value of $51,150.00. Following the sale, the director directly owned 51,750 shares of the company's stock, valued at $176,467.50. This represents a 22.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
CareCloud Stock Down 1.1%
CCLD traded down $0.04 during trading on Thursday, hitting $3.17. The company's stock had a trading volume of 52,932 shares, compared to its average volume of 587,310. The stock has a market capitalization of $133.95 million, a price-to-earnings ratio of -78.75 and a beta of 2.07. The firm's 50 day moving average price is $3.33 and its two-hundred day moving average price is $2.72. CareCloud, Inc. has a 12 month low of $1.14 and a 12 month high of $4.84.
CareCloud (NASDAQ:CCLD - Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.02. CareCloud had a return on equity of 23.51% and a net margin of 10.08%.The business had revenue of $31.07 million during the quarter, compared to analysts' expectations of $29.01 million. On average, sell-side analysts forecast that CareCloud, Inc. will post 0.58 earnings per share for the current year.
Institutional Trading of CareCloud
Several hedge funds have recently bought and sold shares of CCLD. Baader Bank Aktiengesellschaft bought a new stake in CareCloud in the 3rd quarter valued at $39,000. Prospera Financial Services Inc boosted its position in CareCloud by 31.8% during the 2nd quarter. Prospera Financial Services Inc now owns 75,966 shares of the company's stock worth $179,000 after acquiring an additional 18,339 shares during the last quarter. HighTower Advisors LLC acquired a new position in CareCloud during the first quarter worth $28,000. Vanguard Personalized Indexing Management LLC acquired a new stake in CareCloud in the 2nd quarter valued at $50,000. Finally, XTX Topco Ltd acquired a new position in shares of CareCloud during the 1st quarter worth about $35,000. 10.16% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
CCLD has been the subject of a number of research reports. Roth Capital reissued a "neutral" rating and issued a $3.25 price target on shares of CareCloud in a report on Thursday, November 6th. Weiss Ratings reiterated a "sell (d+)" rating on shares of CareCloud in a report on Wednesday, October 8th. One equities research 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $3.08.
Check Out Our Latest Report on CCLD
About CareCloud
(
Get Free Report)
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.
Further Reading
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