Empowered Funds LLC Increases Holdings in CareCloud, Inc. (NASDAQ:CCLD)

Empowered Funds LLC lifted its position in shares of CareCloud, Inc. (NASDAQ:CCLD) by 51.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,240 shares of the company’s stock after buying an additional 20,750 shares during the period. Empowered Funds LLC owned about 0.38% of CareCloud worth $224,000 as of its most recent SEC filing.

Separately, XTX Topco Ltd purchased a new position in shares of CareCloud during the 3rd quarter valued at about $42,000. 10.16% of the stock is currently owned by institutional investors and hedge funds.

CareCloud Price Performance

Shares of CareCloud stock opened at $3.55 on Friday. CareCloud, Inc. has a one year low of $1.01 and a one year high of $4.84. The stock has a market capitalization of $57.79 million, a P/E ratio of -1.11 and a beta of 1.41. The business’s 50 day simple moving average is $3.61 and its two-hundred day simple moving average is $3.03.

Insider Activity

In other news, Director John N. Daly sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $3.65, for a total transaction of $36,500.00. Following the transaction, the director now directly owns 66,750 shares of the company’s stock, valued at approximately $243,637.50. The trade was a 13.03 % 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. Insiders own 38.40% of the company’s stock.

Analyst Upgrades and Downgrades

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

CareCloud 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.