Insider Selling: Frank Perna Jr Unloads 35,652 Shares of CAlAmp Corp. Stock (CAMP)
CAlAmp Corp. (NASDAQ:CAMP) Director Frank Perna, Jr. unloaded 35,652 shares of CAlAmp Corp. stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $23.03, for a total value of $821,065.56. Following the completion of the sale, the director now directly owns 302,170 shares in the company, valued at approximately $6,958,975. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on CAMP shares. 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 research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average price target of $23.30.
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 $17.7 and its 200-day moving average is $14.27. The company has a market cap of $783.2 million and a P/E ratio of 18.07.
CAlAmp Corp. (NASDAQ:CAMP) last released its earnings data on Wednesday, October 2nd. The company reported $0.19 earnings per share (EPS) for the quarter, beating the 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 last year, the company posted $0.17 earnings per share. CAlAmp Corp.’s revenue was up 33.6% compared to the same quarter last year. On average, analysts predict that CAlAmp Corp. will post $0.80 earnings per share for the current fiscal year.
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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