TruBridge Inc’s recent filing unveils that its 10% Owner L6 Holdings Inc. acquired Company’s shares for reported $2.45 million on Feb 25 ’25. In the deal valued at $28.09 per share,87,232 shares were bought. As a result of this transaction, L6 Holdings Inc. now holds 1,828,393 shares worth roughly $53.79 million.
Then, L6 Holdings Inc. bought 30,377 shares, generating $859,062 in total proceeds. Upon buying the shares at $28.28, the 10% Owner now owns 1,741,161 shares.
Before that, Pinetree Capital Ltd. bought 85,784 shares. TruBridge Inc shares valued at $2,423,252 were divested by the 10% Owner at a price of $28.25 per share. As a result of the transaction, Pinetree Capital Ltd. now holds 1,710,784 shares, worth roughly $50.33 million.
RBC Capital Mkts initiated its TruBridge Inc [TBRG] rating to an Outperform in a research note published on March 28, 2024; the price target was $13. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early January with a ‘”an Equal weight”‘ rating. Cantor Fitzgerald began covering TBRG with “an Overweight” recommendation on August 15, 2023. Stephens started covering the stock on April 12, 2023. It rated TBRG as “an Equal-weight”.
Price Performance Review of TBRG
On Tuesday, TruBridge Inc [NASDAQ:TBRG] saw its stock jump 7.49% to $29.42. Over the last five days, the stock has gained 4.47%. TruBridge Inc shares have risen nearly 49.19% since the year began. Nevertheless, the stocks have risen 264.56% over the past one year. While a 52-week high of $31.67 was reached on 03/11/25, a 52-week low of $7.61 was recorded on 01/02/25. SMA at 50 days reached $24.97, while 200 days put it at $15.81.
Levels Of Support And Resistance For TBRG Stock
The 24-hour chart illustrates a support level at 28.10, which if violated will result in even more drops to 26.78. On the upside, there is a resistance level at 31.37. A further resistance level may holdings at 33.32. The Relative Strength Index (RSI) on the 14-day chart is 61.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.33%. Stochastics %K at 28.64% indicates the stock is a holding.
