CalAmp Corp. (CAMP) SVP Sells $66,000.00 in Stock

CalAmp Corp. (NASDAQ:CAMP) SVP Garo Sarkis Sarkissian sold 3,000 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $22.00, for a total transaction of $66,000.00. Following the transaction, the senior vice president now owns 195,289 shares of the company’s stock, valued at approximately $4,296,358. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of CalAmp Corp. (NASDAQ:CAMP) traded up $0.29 on Thursday, hitting $22.52. 322,509 shares of the stock were exchanged, compared to its average volume of 442,733. CalAmp Corp. has a fifty-two week low of $14.56 and a fifty-two week high of $24.68. The firm has a market cap of $801.74, a price-to-earnings ratio of 47.91 and a beta of 1.63. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.76 and a quick ratio of 2.36.

CalAmp (NASDAQ:CAMP) last announced its quarterly earnings results on Thursday, December 21st. The Wireless communications provider reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.07. CalAmp had a net margin of 5.00% and a return on equity of 19.20%. The firm had revenue of $93.67 million for the quarter, compared to analyst estimates of $91.10 million. During the same period last year, the business earned $0.21 EPS. CalAmp’s revenue for the quarter was up 12.4% compared to the same quarter last year. equities research analysts expect that CalAmp Corp. will post 0.92 EPS for the current year.

Several research analysts recently weighed in on CAMP shares. Craig Hallum upped their price target on shares of CalAmp from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, September 29th. Zacks Investment Research downgraded shares of CalAmp from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. JPMorgan Chase & Co. downgraded shares of CalAmp from a “neutral” rating to an “underweight” rating and set a $22.00 price objective for the company. in a report on Wednesday, October 4th. TheStreet upgraded shares of CalAmp from a “c” rating to a “b” rating in a report on Friday, September 29th. Finally, ValuEngine cut shares of CalAmp from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $25.29.

Institutional investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. boosted its holdings in shares of CalAmp by 7.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 174,728 shares of the Wireless communications provider’s stock valued at $3,553,000 after acquiring an additional 12,178 shares in the last quarter. Legal & General Group Plc boosted its holdings in CalAmp by 7.1% during the second quarter. Legal & General Group Plc now owns 63,153 shares of the Wireless communications provider’s stock worth $1,284,000 after buying an additional 4,186 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in CalAmp by 58.9% during the second quarter. BNP Paribas Arbitrage SA now owns 10,740 shares of the Wireless communications provider’s stock worth $218,000 after buying an additional 3,979 shares in the last quarter. Marshall Wace North America L.P. acquired a new position in CalAmp during the second quarter worth about $1,751,000. Finally, TIAA CREF Investment Management LLC raised its position in CalAmp by 0.5% during the second quarter. TIAA CREF Investment Management LLC now owns 96,324 shares of the Wireless communications provider’s stock worth $1,958,000 after acquiring an additional 468 shares during the last quarter. 72.14% of the stock is currently owned by institutional investors.

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CalAmp Company Profile

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 (NASDAQ:CAMP)

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