Insider Selling: Garo Sarkis Sarkissian Unloads 5,000 Shares of CAlAmp Corp. Stock (CAMP)
CAlAmp Corp. (NASDAQ:CAMP) SVP Garo Sarkis Sarkissian sold 5,000 shares of CAlAmp Corp. stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $22.98, for a total value of $114,900.00. Following the completion of the sale, the senior vice president now directly owns 170,762 shares of the company’s stock, valued at approximately $3,924,111. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. 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, CAlAmp Corp. has a consensus rating of “Buy” and a consensus price target of $23.30.
Shares of CAlAmp Corp. (NASDAQ:CAMP) traded down 0.31% during mid-day trading on Wednesday, hitting $22.50. The stock had a trading volume of 543,326 shares. CAlAmp Corp. has a 52 week low of $7.65 and a 52 week 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 price-to-earnings ratio of 18.07.
CAlAmp Corp. (NASDAQ:CAMP) last issued its quarterly earnings data on Wednesday, October 2nd. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that CAlAmp Corp. will post $0.80 EPS 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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