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Even if it's not a huge purchase, we think it was good to see that Anne Busquet, the Independent Director of CareCloud, Inc. (NASDAQ:CCLD) recently shelled out US$97k to buy stock, at US$1.17 per share. While that isn't the hugest buy, it actually boosted their shareholding by 58%, which is good to see.
View our latest analysis for CareCloud
The Last 12 Months Of Insider Transactions At CareCloud
In fact, the recent purchase by Anne Busquet was the biggest purchase of CareCloud shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$1.15). Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.
In the last twelve months CareCloud insiders were buying shares, but not selling. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership Of CareCloud
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 35% of CareCloud shares, worth about US$6.6m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About CareCloud Insiders?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Insiders likely see value in CareCloud shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing CareCloud. To assist with this, we've discovered 4 warning signs that you should run your eye over to get a better picture of CareCloud.