CareCloud director Daly sells $32k in shares

Published 19/06/2025, 02:46
CareCloud director Daly sells $32k in shares

Director John N Daly of CareCloud, Inc. (NASDAQ:CCLD) sold 15,000 shares of common stock on June 17, 2025. The shares were sold at a weighted average price of $2.11, for a total transaction value of $31,649. The stock, which has shown significant volatility according to InvestingPro data, has since risen to $2.52, posting a strong 16.7% return over the past week.

The sales occurred in multiple transactions at prices ranging from $2.10 to $2.14. Following the transaction, Daly directly owns 61,750 shares of CareCloud, Inc. common stock. With a market capitalization of $105.8 million and an overall Financial Health Score rated as GREAT by InvestingPro, which offers 12 additional investment insights for this stock in its comprehensive Pro Research Report.

In other recent news, CareCloud, Inc. announced the outcomes of its Annual Meeting of Shareholders. The meeting involved significant decisions, such as the election of three directors: Anne Busquet, Bill Korn, and Lawrence Sharnak, who secured their positions with varying vote counts. Shareholders also granted advisory approval for the executive compensation plan, with a notable majority voting in favor. Furthermore, the appointment of Rosenberg Rich Baker Berman, P.A. as the independent registered public accounting firm for the fiscal year ending December 31, 2025, received approval. The meeting took place in Somerset, New Jersey, with a substantial number of shares eligible to vote. This development follows the guidelines set forth in the company’s proxy statement issued earlier this year. The results reflect shareholder engagement and decision-making on key corporate governance matters.

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