CAlAmp Corp. Director Sells $225,000 in Stock (CAMP)
CAlAmp Corp. (NASDAQ:CAMP) Director Kimberly Alexy unloaded 10,000 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $22.50, for a total transaction of $225,000.00. Following the completion of the transaction, the director now directly owns 61,071 shares in the company, valued at approximately $1,374,098. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
CAlAmp Corp. (NASDAQ:CAMP) traded down 1.41% during mid-day trading on Friday, hitting $23.78. 398,387 shares of the company’s stock traded hands. CAlAmp Corp. has a 52-week low of $7.65 and a 52-week high of $24.58. The stock’s 50-day moving average is $18.00 and its 200-day moving average is $14.34. The company has a market cap of $827.7 million and a P/E ratio of 19.31.
CAlAmp Corp. (NASDAQ:CAMP) last released its earnings data 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 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.
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 equities research analysts have rated the stock with a buy rating, The stock 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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