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.
ILLEGAL ACTIVITY WARNING: This report was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another site, it was stolen and republished in violation of US & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.dispatchtribunal.com/2017/11/11/kimberly-alexy-sells-25000-shares-of-calamp-corp-camp-stock.html.
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.
Receive News & Ratings for CalAmp Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CalAmp Corp. and related companies with MarketBeat.com's FREE daily email newsletter.