CalAmp Corp. (CAMP) VP Sells $410,947.20 in Stock
CalAmp Corp. (NASDAQ:CAMP) VP Richard K. Vitelle sold 27,360 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $15.02, for a total transaction of $410,947.20. Following the sale, the vice president now directly owns 284,810 shares of the company’s stock, valued at approximately $4,277,846.20. The sale was disclosed in a filing with the SEC, which is available at this link.
CalAmp Corp. (NASDAQ:CAMP) traded up 0.13% during midday trading on Tuesday, reaching $15.25. 215,642 shares of the company’s stock were exchanged. CalAmp Corp. has a 52 week low of $12.13 and a 52 week high of $21.35. The firm has a market capitalization of $554.06 million, a P/E ratio of 79.02 and a beta of 1.31. The stock’s 50 day moving average is $13.66 and its 200 day moving average is $14.51.
CalAmp Corp. (NASDAQ:CAMP) last released its quarterly earnings data on Thursday, September 29th. The company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. CalAmp Corp. had a net margin of 2.21% and a return on equity of 21.17%. The company earned $90.50 million during the quarter. During the same quarter in the prior year, the firm earned $0.27 earnings per share. CalAmp Corp.’s quarterly revenue was up 29.6% compared to the same quarter last year. On average, analysts expect that CalAmp Corp. will post $1.09 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in CAMP. Mutual of America Capital Management LLC increased its stake in CalAmp Corp. by 20.1% in the second quarter. Mutual of America Capital Management LLC now owns 387,224 shares of the company’s stock valued at $5,735,000 after buying an additional 64,672 shares in the last quarter. Swiss National Bank boosted its position in CalAmp Corp. by 2.4% in the second quarter. Swiss National Bank now owns 59,500 shares of the company’s stock worth $881,000 after buying an additional 1,400 shares during the last quarter. New Jersey Better Educational Savings Trust boosted its position in CalAmp Corp. by 20.0% in the second quarter. New Jersey Better Educational Savings Trust now owns 30,000 shares of the company’s stock worth $444,000 after buying an additional 5,000 shares during the last quarter. Rice Hall James & Associates LLC boosted its position in CalAmp Corp. by 1.4% in the second quarter. Rice Hall James & Associates LLC now owns 384,891 shares of the company’s stock worth $5,700,000 after buying an additional 5,426 shares during the last quarter. Finally, Capital Fund Management S.A. purchased a new position in CalAmp Corp. during the second quarter worth approximately $674,000. Institutional investors own 70.09% of the company’s stock.
Several analysts have recently weighed in on CAMP shares. B. Riley reissued a “buy” rating and issued a $22.00 price target on shares of CalAmp Corp. in a research note on Thursday, October 6th. First Analysis dropped their price target on shares of CalAmp Corp. from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Monday, August 15th. Canaccord Genuity reissued a “buy” rating and issued a $25.00 price target on shares of CalAmp Corp. in a research note on Thursday, August 11th. Aegis cut shares of CalAmp Corp. from a “buy” rating to a “hold” rating in a research note on Monday, October 3rd. Finally, Zacks Investment Research cut shares of CalAmp Corp. from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. CalAmp Corp. currently has a consensus rating of “Hold” and an average target price of $20.80.
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About CalAmp Corp.
CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.
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