CalAmp Corp. (NASDAQ:CAMP) CEO Michael J. Burdiek sold 9,000 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $22.26, for a total transaction of $200,340.00. Following the transaction, the chief executive officer now directly owns 502,434 shares in the company, valued at approximately $11,184,180.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of CalAmp Corp. (NASDAQ CAMP) traded down $0.54 during midday trading on Friday, reaching $22.19. 258,844 shares of the company’s stock were exchanged, compared to its average volume of 256,212. The stock has a market capitalization of $789.99 million, a P/E ratio of 24.93 and a beta of 1.66.

CalAmp Corp. (NASDAQ:CAMP) last issued its earnings results on Thursday, September 28th. The Wireless communications provider reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. CalAmp Corp. had a net margin of 1.31% and a return on equity of 18.18%. The firm had revenue of $89.80 million for the quarter, compared to analysts’ expectations of $88.72 million. During the same quarter last year, the company posted $0.27 earnings per share. CalAmp Corp.’s revenue was down .8% on a year-over-year basis. analysts predict that CalAmp Corp. will post 0.95 EPS for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the business. Thrivent Financial For Lutherans increased its stake in shares of CalAmp Corp. by 0.8% in the first quarter. Thrivent Financial For Lutherans now owns 19,970 shares of the Wireless communications provider’s stock valued at $335,000 after purchasing an additional 160 shares during the period. Texas Permanent School Fund increased its stake in shares of CalAmp Corp. by 0.7% in the second quarter. Texas Permanent School Fund now owns 25,808 shares of the Wireless communications provider’s stock valued at $525,000 after purchasing an additional 170 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of CalAmp Corp. by 0.5% in the second quarter. TIAA CREF Investment Management LLC now owns 96,324 shares of the Wireless communications provider’s stock valued at $1,958,000 after purchasing an additional 468 shares during the period. Baker Avenue Asset Management LP increased its stake in shares of CalAmp Corp. by 1.5% in the second quarter. Baker Avenue Asset Management LP now owns 48,492 shares of the Wireless communications provider’s stock valued at $986,000 after purchasing an additional 736 shares during the period. Finally, Dubuque Bank & Trust Co. increased its stake in shares of CalAmp Corp. by 9.2% in the second quarter. Dubuque Bank & Trust Co. now owns 11,924 shares of the Wireless communications provider’s stock valued at $242,000 after purchasing an additional 1,006 shares during the period. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on CAMP shares. Craig Hallum increased their price target on shares of CalAmp Corp. from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, September 29th. BidaskClub cut shares of CalAmp Corp. from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Zacks Investment Research cut shares of CalAmp Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. J P Morgan Chase & Co cut shares of CalAmp Corp. from a “neutral” rating to an “underweight” rating and set a $22.00 price target on the stock. in a research report on Wednesday, October 4th. Finally, TheStreet raised shares of CalAmp Corp. from a “c” rating to a “b” rating in a research report on Friday, September 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $25.14.

About CalAmp Corp.

CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company operates through two business segments: Wireless DataCom and Satellite. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.

Insider Buying and Selling by Quarter for CalAmp Corp. (NASDAQ:CAMP)

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