Insider Selling: CAlAmp Corp. Director Sells 25,000 Shares of Stock (CAMP)
CAlAmp Corp. (NASDAQ:CAMP) Director Larry Wolfe unloaded 25,000 shares of CAlAmp Corp. stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $27.26, for a total value of $681,500.00. Following the completion of the sale, the director now directly owns 86,931 shares in the company, valued at approximately $2,369,739. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of CAlAmp Corp. (NASDAQ:CAMP) traded up 1.70% on Friday, hitting $27.56. 522,079 shares of the company’s stock traded hands. CAlAmp Corp. has a 1-year low of $7.97 and a 1-year high of $29.74. The stock’s 50-day moving average is $25.06 and its 200-day moving average is $19.. The company has a market cap of $969.3 million and a price-to-earnings ratio of 22.68.
CAlAmp Corp. (NASDAQ:CAMP) last released its earnings data on Monday, December 23rd. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that CAlAmp Corp. will post $0.79 earnings per share for the current fiscal year.
CAMP has been the subject of a number of recent research reports. 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 issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $25.75.
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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