Kimberly Alexy Sells 25,000 Shares of CalAmp Corp. (CAMP) Stock

CalAmp Corp. (NASDAQ:CAMP) Director Kimberly Alexy sold 25,000 shares of the 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 completion of the transaction, the director now owns 64,729 shares of the company’s stock, valued at approximately $1,464,169.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

CalAmp Corp. (CAMP) traded down $0.12 during trading on Friday, reaching $21.20. 131,800 shares of the company’s stock were exchanged, compared to its average volume of 308,772. CalAmp Corp. has a 1 year low of $13.83 and a 1 year high of $24.68. The firm has a market capitalization of $759.02, a P/E ratio of 23.95 and a beta of 1.66. The company has a current ratio of 2.72, a quick ratio of 2.36 and a debt-to-equity ratio of 0.81.

CalAmp Corp. (NASDAQ:CAMP) last announced its quarterly earnings results on Thursday, September 28th. The Wireless communications provider reported $0.27 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $89.80 million during the quarter, compared to the consensus estimate of $88.72 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. research analysts predict that CalAmp Corp. will post 0.95 EPS for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of CAMP. Columbus Circle Investors bought a new stake in shares of CalAmp Corp. during the second quarter valued at about $4,021,000. Dimensional Fund Advisors LP raised its holdings in CalAmp Corp. by 9.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,735,058 shares of the Wireless communications provider’s stock worth $35,274,000 after buying an additional 155,739 shares during the period. Rice Hall James & Associates LLC raised its holdings in CalAmp Corp. by 23.7% during the 2nd quarter. Rice Hall James & Associates LLC now owns 665,196 shares of the Wireless communications provider’s stock worth $13,523,000 after buying an additional 127,640 shares during the period. EAM Investors LLC acquired a new stake in CalAmp Corp. during the 3rd quarter worth about $2,420,000. Finally, Vanguard Group Inc. grew its stake in CalAmp Corp. by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 1,948,640 shares of the Wireless communications provider’s stock valued at $32,717,000 after acquiring an additional 98,825 shares in the last quarter. Institutional investors and hedge funds own 72.06% of the company’s stock.

CAMP has been the topic of several analyst reports. J P Morgan Chase & Co initiated coverage on shares of CalAmp Corp. in a research note on Monday, August 28th. They set a “neutral” rating and a $20.00 price target on the stock. Northland Securities reissued a “buy” rating and issued a $22.00 target price on shares of CalAmp Corp. in a research report on Tuesday, September 5th. Zacks Investment Research raised shares of CalAmp Corp. from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Tuesday, October 3rd. BidaskClub upgraded shares of CalAmp Corp. from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Finally, Canaccord Genuity raised their price target on shares of CalAmp Corp. from $23.00 to $26.00 and gave the company a “buy” rating in a report on Friday, September 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target 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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