CalAmp Corp. (CAMP) SVP Garo Sarkis Sarkissian Sells 9,833 Shares
CalAmp Corp. (NASDAQ:CAMP) SVP Garo Sarkis Sarkissian sold 9,833 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $23.89, for a total value of $234,910.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
CalAmp Corp. (NASDAQ:CAMP) traded down 1.21% during trading on Friday, hitting $23.70. The stock had a trading volume of 141,397 shares. 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 $843.74 million, a PE ratio of 219.44 and a beta of 1.60. The stock has a 50-day moving average price of $19.78 and a 200-day moving average price of $18.82.
CalAmp Corp. (NASDAQ:CAMP) last announced its quarterly earnings results on Thursday, September 28th. The Wireless communications provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The firm had revenue of $89.80 million during the quarter, compared to analysts’ expectations of $88.72 million. CalAmp Corp. had a net margin of 1.31% and a return on equity of 18.18%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 earnings per share. Equities analysts predict that CalAmp Corp. will post $1.17 EPS for the current year.
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Several analysts have issued reports on the company. TheStreet upgraded CalAmp Corp. from a “c” rating to a “b” rating in a research note on Friday, September 29th. Zacks Investment Research cut CalAmp Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday. B. Riley restated a “buy” rating and set a $28.00 price objective on shares of CalAmp Corp. in a research note on Wednesday. J P Morgan Chase & Co cut CalAmp Corp. from a “neutral” rating to an “underweight” rating and set a $22.00 price objective on the stock. in a research note on Wednesday. Finally, Northland Securities restated a “buy” rating and set a $25.00 price objective on shares of CalAmp Corp. in a research note on Sunday, October 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $23.75.
A number of institutional investors and hedge funds have recently made changes to their positions in CAMP. US Bancorp DE lifted its stake in CalAmp Corp. by 101.3% during the second quarter. US Bancorp DE now owns 5,284 shares of the Wireless communications provider’s stock worth $108,000 after purchasing an additional 2,659 shares during the period. Mason Street Advisors LLC lifted its stake in CalAmp Corp. by 4.3% during the first quarter. Mason Street Advisors LLC now owns 8,280 shares of the Wireless communications provider’s stock worth $139,000 after purchasing an additional 341 shares during the period. State of Alaska Department of Revenue lifted its stake in CalAmp Corp. by 77.1% during the second quarter. State of Alaska Department of Revenue now owns 6,941 shares of the Wireless communications provider’s stock worth $141,000 after purchasing an additional 3,021 shares during the period. Stifel Financial Corp bought a new position in CalAmp Corp. during the first quarter worth about $171,000. Finally, Karp Capital Management Corp bought a new position in CalAmp Corp. during the first quarter worth about $176,000. Hedge funds and other institutional investors own 72.88% 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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