CalAmp Corp. (NASDAQ:CAMP) Director Kimberly Alexy sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $22.62, for a total transaction of $565,500.00. Following the sale, the director now directly owns 64,729 shares in the company, valued at approximately $1,464,169.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
CalAmp Corp. (NASDAQ CAMP) opened at 23.28 on Friday. CalAmp Corp. has a 52 week low of $12.13 and a 52 week high of $24.69. The company has a market cap of $828.79 million, a PE ratio of 215.56 and a beta of 1.60. The stock has a 50 day moving average of $21.64 and a 200 day moving average of $19.50.
CalAmp Corp. (NASDAQ:CAMP) last issued its earnings results on Thursday, September 28th. The Wireless communications provider reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. The firm had revenue of $89.80 million for the quarter, compared to analyst estimates of $88.72 million. CalAmp Corp. had a return on equity of 18.18% and a net margin of 1.31%. CalAmp Corp.’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 earnings per share. Equities research analysts predict that CalAmp Corp. will post $1.17 EPS for the current fiscal year.
A number of analysts have recently issued reports on CAMP shares. B. Riley reaffirmed a “buy” rating and set a $28.00 price target on shares of CalAmp Corp. in a report on Saturday, July 1st. BidaskClub downgraded shares of CalAmp Corp. from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. J P Morgan Chase & Co started coverage on shares of CalAmp Corp. in a report on Monday, August 28th. They set a “neutral” rating and a $20.00 price target on the stock. Northland Securities reaffirmed a “buy” rating and set a $22.00 price target on shares of CalAmp Corp. in a report on Tuesday, September 5th. Finally, Craig Hallum raised their price target on shares of CalAmp Corp. from $23.00 to $25.00 and gave the company a “buy” rating in a report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.75.
A number of hedge funds and other institutional investors have recently modified their holdings of CAMP. US Bancorp DE boosted its position in CalAmp Corp. by 101.3% in the second quarter. US Bancorp DE now owns 5,284 shares of the Wireless communications provider’s stock valued at $108,000 after buying an additional 2,659 shares during the last quarter. Mason Street Advisors LLC boosted its position in CalAmp Corp. by 4.3% in the first quarter. Mason Street Advisors LLC now owns 8,280 shares of the Wireless communications provider’s stock valued at $139,000 after buying an additional 341 shares during the last quarter. State of Alaska Department of Revenue boosted its position in CalAmp Corp. by 77.1% in the second quarter. State of Alaska Department of Revenue now owns 6,941 shares of the Wireless communications provider’s stock valued at $141,000 after buying an additional 3,021 shares during the last quarter. Stifel Financial Corp purchased a new stake in CalAmp Corp. in the first quarter valued at approximately $171,000. Finally, Karp Capital Management Corp purchased a new stake in CalAmp Corp. in the first quarter valued at approximately $176,000. Hedge funds and other institutional investors own 72.38% of the company’s stock.
CalAmp Corp. 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.
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