Have Insiders Sold CareCloud Shares Recently?

We'd be surprised if CareCloud, Inc. (NASDAQ:CCLD) shareholders haven't noticed that the Independent Director, Cameron Munter, recently sold US$123k worth of stock at US$4.10 per share. The eyebrow raising move amounted to a reduction of 16% in their holding.

View our latest analysis for CareCloud

The Last 12 Months Of Insider Transactions At CareCloud

In the last twelve months, the biggest single purchase by an insider was when Founder & Executive Chairman Mahmud Haq bought US$645k worth of shares at a price of US$1.57 per share. Even though the purchase was made at a significantly lower price than the recent price (US$3.42), we still think insider buying is a positive. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

Mahmud Haq purchased 532.50k shares over the year. The average price per share was US$1.30. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. CareCloud insiders own about US$21m worth of shares. That equates to 39% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The CareCloud Insider Transactions Indicate?

Insiders sold stock recently, but they haven't been buying. On the other hand, the insider transactions over the last year are encouraging. It's good to see insiders are shareholders. So the recent selling doesn't worry us too much. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing CareCloud. For example - CareCloud has 5 warning signs we think you should be aware of.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.