CAlAmp Corp. CFO Unloads $230,600 in Stock (CAMP)
CAlAmp Corp. (NASDAQ:CAMP) CFO Richard Vitelle sold 10,000 shares of CAlAmp Corp. stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $23.06, for a total transaction of $230,600.00. Following the completion of the sale, the chief financial officer now directly owns 322,516 shares in the company, valued at approximately $7,437,219. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of CAlAmp Corp. (NASDAQ:CAMP) traded down 0.31% on Wednesday, hitting $22.50. 543,326 shares of the company’s stock traded hands. CAlAmp Corp. has a one year low of $7.65 and a one year high of $23.94. The stock’s 50-day moving average is $17. and its 200-day moving average is $14.2. The company has a market cap of $783.2 million and a price-to-earnings ratio of 18.07.
CAlAmp Corp. (NASDAQ:CAMP) last posted its quarterly earnings results on Wednesday, October 2nd. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.16 by $0.03. The company had revenue of $58.80 million for the quarter, compared to the consensus estimate of $54.80 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 33.6% on a year-over-year basis. Analysts expect that CAlAmp Corp. will post $0.80 EPS for the current fiscal year.
A number of research firms have recently commented on CAMP. Analysts at Northland Securities raised their price target on shares of CAlAmp Corp. from $19.00 to $25.00 in a research note to investors on Thursday, October 3rd. Separately, analysts at Canaccord Genuity set a $30.00 price target on shares of CAlAmp Corp. in a research note to investors on Thursday, October 3rd. They now have a “buy” rating on the stock. Finally, analysts at Northland Capital Partners raised their price target on shares of CAlAmp Corp. from $19.00 to $25.00 in a research note to investors on Thursday, October 3rd. They now have an “outperform” rating on the stock. Five investment analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus price target of $23.30.
CalAmp Corp. (NASDAQ:CAMP) develops and markets wireless technology solutions that deliver data, voice and video for critical networked communications and other applications.
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