TBRG TruBridge, Inc. Insider Trading

10% Owner Pinetree Capital purchases 130,000 shares ($2.9M) across 3 days; stock up 21.3% in 30 days, +15.4% in 90 days.

Pinetree Capital, a 10% shareholder, executed 3 separate purchases totaling 130,000 shares for $2,932,400.00 on consecutive trading days (Dec 1–3), raising its stake to 2,130,000 shares from 2,000,000 shares pre-transaction (+6.5% increase). The purchases occurred at a blended average price of $22.56, while the current price stands at $23.29, representing modest near-term gains in the post-transaction window. Notably, the stock has recovered +21.3% over the past 30 days and +15.4% over 90 days—periods that frame the purchasing window itself rather than a forward-looking outcome. Pinetree's cross-ticker track record shows 20 prior buys with an average 90-day return of +13.5%, though its same-ticker history at TBRG (5 prior buys all in mid-to-late November) remains too recent for 90-day outcome measurement. The company's fundamentals show a P/E of 62.95 and full-year net income was negative, despite latest-quarter revenue of $86,106,000.00 and net income of $5,602,000.00 with annual revenue growth of only +1.0%, indicating a modest profitability profile at a relatively elevated valuation multiple.

10% Owner Pinetree Capital bought 32,847 shares at blended avg $20.54; holds 850,000 shares (+4.0%) as stock trades -31.5% from 52-week high.

Pinetree Capital executed 3 separate purchases totaling 32,847 shares for $674,644.40 between November 17–19, 2025, at prices ranging from $20.42 to $20.84, increasing its position by 4.0% to 850,000 shares post-transaction. The stock is currently trading at $20.61, down 31.5% from its 52-week high of $30.09, placing the purchases near recent lows and suggesting price-driven accumulation. However, the company reports a full-year net income of negative (unprofitable over its most recent full fiscal year) alongside a P/E of 55.70, which constrains the interpretation of fundamental strength; the near-term 30-day and 90-day price changes (+4.2% and +4.6%, respectively) remain modest relative to the pulldown from peak. More notably, Pinetree's prior trades at TBRG show a 0% win rate on 90-day timing from February 2025 buys, with outcomes of -1.8% and -0.9% at 30 days and -16.1% and -13.7% at 90 days, though the three November purchases remain too recent to yield measurable outcomes. This filing warrants monitoring for whether the insider's continued purchasing at depressed levels translates to recovery or signals continuation of underperformance.

TruBridge CBO Daughton purchased 50,000 shares in 5 transactions (Nov 11-17) for $999,171.10, raising holdings 667.4% to 57.5K shares

Daughton Michael, Chief Business Officer of TruBridge, executed 5 separate open-market purchases totaling 50,000 shares for $999,171.10 between November 11–17, 2025, at prices ranging from $19.39 to $20.46 (blended average $19.98). This transaction increased his holdings from 7,492 shares to 57.5K shares, a 667.4% increase relative to pre-transaction holdings. The company's current stock price is $21.11, representing an 8.5% gain over the prior 30 days and 8.9% over 90 days, yet the stock remains 29.8% below its 52-week high of $30.09. TruBridge's fundamentals show a P/E of 57.05 with full-year net income negative, though recent quarterly revenue was $86.1M with $5.6M net income and only 1.0% year-over-year growth. The scale and intensity of the accumulation—50,000 shares purchased across multiple tranches in a single week—represents a material shift in the CBO's personal exposure to the company and warrants scrutiny of the circumstances motivating such concentrated acquisition activity.

10% owner Pinetree Capital Ltd. buys 48,903 shares at blended avg $20.25 over 3 days; 5 prior TBRG buys all underwater at 90-day mark

Pinetree Capital's 3 separate purchases totaling 48,903 shares for $990,502.84 at a blended average price of $20.25 on 2025-11-12 through 2025-11-14 represent a 6.4% increase in the insider's stake to 817,153 shares. However, the filing reveals a concerning pattern: the insider's prior 5 purchases at TBRG—all made in February 2025—have posted zero positive 90-day returns, with losses ranging from -11.0% to -16.1%. The stock has since declined 32.3% from its 52-week high of $30.09, and the company's fundamentals show it was unprofitable over its most recent full fiscal year despite generating $86,106,000.00 in quarterly revenue. This latest accumulation occurs despite the consistent underperformance of earlier purchases at the same ticker, suggesting either conviction in a recovery or continuation of a pattern in which purchases have not captured upside potential.

L6 Holdings Inc. (10% owner) buys 80,000 shares of TBRG across 3 trades for $1.9M at blended $24.15, now down 21.1% from 52-week high.

L6 Holdings purchased 80,000 shares in three separate transactions (40,000 at $24.30 on 2025-05-21, 15,000 at $23.98 on 2025-05-22, and 25,000 at $24.01 on 2025-05-23) for a combined $1,931,950.00, raising its stake to 2,005,000 shares. The blended purchase price of $24.15 is now 21.1% above the current price of $23.73, and the 30-day and 90-day performance metrics show stock weakness of -4.8% and -16.0% respectively. At the same ticker, L6 Holdings' prior 4 open-market purchases show mixed near-term outcomes (ranging from -13.2% to +1.6% at 30 days), with no outcomes yet measurable at the 90-day mark for the most recent trades. The company itself reported minimal profitability ($459,000 in net income on $87,208,000 quarterly revenue) and negative full-year earnings, paired with modest annual revenue growth of 1.0%, which provides limited fundamental tailwind for the purchase decision.

10% owner L6 Holdings buys 96,607 shares (96.6K) in 2 tranches for $2.6M at blended $27.27, boosting stake to 1.92M shares

L6 Holdings, a 10% shareholder in TruBridge, executed 2 separate purchases totaling 96,607 shares for $2,634,574.49 on March 19 and March 21, 2025, at transaction prices of $26.93 and $27.99 respectively. The purchases increased the holder's position from 1,828,393 to 1,925,000 shares (+5.3% growth in absolute holdings). TruBridge trades at $27.74 currently, down 2.8% over 30 days but up 52.5% over 90 days, and remains below its 52-week high of $30.09 by 7.8%. The company reported quarterly revenue of $83,830,000.00 but posted a net loss of $-9,809,000.00 with full-year profitability absent; annual revenue growth stands at +1.0%. This acquisition by an established 10% owner during a period of positive 90-day momentum but continued unprofitability represents a material increase in an already substantial stake, warranting monitoring of the filer's future disclosures and the company's path to profitability.

President/CEO Fowler buys 16 shares of TBRG for $178.63; cluster pattern with 2 other insider purchases in 14 days

Christopher L. Fowler, President and CEO of TruBridge, Inc., executed 3 separate purchases totaling 16 shares for $178.63 (blended average $11.16) between November 14 and 29, 2023. This activity occurs within a cluster pattern: 2 other insiders also bought within the past 14 days, suggesting coordinated open-market accumulation at the executive level. The company's fundamentals present a mixed backdrop: while annual revenue growth stands at +3.9%, the company reported net income of $-9.8M on quarterly revenue of $83.8M and was unprofitable over its most recent full fiscal year. Since these purchases, the stock has rallied materially—currently trading at $30.09, up +27.5% over 30 days and +67.6% over 90 days, reaching its 52-week high. The cluster buy pattern at depressed basis prices combined with the subsequent recovery warrants tracking whether this represents a turning point for the fundamentally challenged operator.

10% owner L6 Holdings buys 117,609 shares ($3.3M) at $28.14 avg; stock up 27.5% in 30 days, 65.1% in 90 days.

L6 Holdings, a 10% owner, executed two separate purchases totaling 117,609 shares for $3,309,408.44 on consecutive business days (2025-02-24 and 2025-02-25), at a blended average price of $28.14. This represents a 6.9% increase in the insider's position, which grew from 1,710,784 shares to 1,828,393 shares. The current price of $29.30 sits at the 52-week high, with the stock having risen 27.5% over the past 30 days and 65.1% over the past 90 days—a notable rally that preceded or closely coincided with these purchases. The underlying business remains unprofitable (net income of $-9,809,000.00 in the latest quarter) with marginal 3.9% annual revenue growth, so the timing and magnitude of this buy against a steep near-term price appreciation warrants examination of whether the insider's transaction reflects forward-looking confidence or responds to broader market momentum in the stock.

Pinetree Capital (10% owner) bought 124,858 shares of TBRG over 3 days (Feb 19–21) for $3.5M at $28.17 blended avg, raising stake to 1.71M shares.

Pinetree Capital executed 3 separate purchases totaling 124,858 shares for $3,517,144.26 at a blended average price of $28.17, increasing its post-transaction holdings to 1,710,784 shares (a +7.9% increase vs. pre-transaction holdings). The current price of $28.26 is -1.0% from the 52-week high of $28.53 and the stock has gained +23.3% over the past 30 days and +70.9% over 90 days. Pinetree's prior trades at TBRG (on 2024-10-03) both delivered +9.0%–9.2% 30-day returns and +65.3%–65.6% 90-day returns; the 2 measurable prior purchases at this ticker were well-timed. However, the company is unprofitable (net income of $-9,809,000.00 in the latest quarter, with negative full-year net income) despite +3.9% annual revenue growth, and the stock is trading near its 52-week highs, requiring investors to assess whether near-peak valuations align with the unprofitable operating backdrop.

10% owner Pinetree Capital buys 110.2K shares in 3 tranches for $3.1M ($27.74 avg) as stock near 52-week high

Pinetree Capital executed 3 separate purchases totaling 110,176 shares for $3,056,801.77 between February 13–18, 2025, increasing holdings by 17.8% to 729,176 shares. The blended average purchase price of $27.74 sits near the current price of $28.25 and the 52-week high of $28.25, indicating purchases made at elevated valuation levels relative to the stock's $7.65 low. Across Pinetree's open-market history, 10 prior buys posted an average 90-day return of +65.4% with a 100% win rate, and the 3 prior TBRG purchases showed consistent +65% 90-day returns. However, TruBridge remains unprofitable with net income of $-9,809,000.00 on $83,830,000.00 revenue, and the stock has surged +23.2% over 30 days and +71.0% over 90 days, raising the question whether these purchases reflect conviction in recovery fundamentals or accumulation after substantial prior gains.