CAlAmp Corp. SVP Garo Sarkis Sarkissian Unloads 5,000 Shares (CAMP)
CAlAmp Corp. (NASDAQ:CAMP) SVP Garo Sarkis Sarkissian unloaded 5,000 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $27.43, for a total value of $137,150.00. Following the completion of the transaction, the senior vice president now directly owns 170,762 shares in the company, valued at approximately $4,684,002. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on CAMP shares. Analysts at Canaccord Genuity raised their price target on shares of CAlAmp Corp. from $30.00 to $33.00 in a research note to investors on Tuesday, December 24th. They now have a “buy” rating on the stock. Separately, analysts at First Analysis downgraded shares of CAlAmp Corp. from an “overweight” rating to an “equal weight” rating in a research note to investors on Tuesday, December 24th. Finally, analysts at Northland Securities reiterated an “outperform” rating on shares of CAlAmp Corp. in a research note to investors on Monday, November 18th. They now have a $28.00 price target on the stock, up previously from $25.00. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $25.75.
CAlAmp Corp. (NASDAQ:CAMP) traded up 1.70% during mid-day trading on Friday, hitting $27.56. 522,079 shares of the company’s stock traded hands. CAlAmp Corp. has a 52-week low of $7.97 and a 52-week high of $29.74. The stock has a 50-day moving average of $25.06 and a 200-day moving average of $19.. The company has a market cap of $969.3 million and a P/E ratio of 22.68.
CAlAmp Corp. (NASDAQ:CAMP) last posted its quarterly earnings results on Monday, December 23rd. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. The company had revenue of $63.50 million for the quarter, compared to the consensus estimate of $61.22 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 43.3% on a year-over-year basis. Analysts expect that CAlAmp Corp. will post $0.79 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.