Todays Report: Today, CalAmp Corp. (CAMP) VP Sold $410,947.20 in Stock

Today, CalAmp Corp. (CAMP) VP Sold $410,947.20 in Stock

CalAmp Corp. (NASDAQ:CAMP) VP Richard K. Vitelle sold 27,360 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $15.02, for a total transaction of $410,947.20. Following the sale, the vice president now directly owns 284,810 shares of the company’s stock, valued at approximately $4,277,846.20. The sale was disclosed in a filing with the SEC, which is available at this link.

CalAmp Corp. (NASDAQ:CAMP) opened at 15.43 on Friday. CalAmp Corp. has a one year low of $12.13 and a one year high of $21.35. The stock has a 50 day moving average of $13.76 and a 200 day moving average of $14.52. The firm has a market capitalization of $560.60 million, a price-to-earnings ratio of 79.95 and a beta of 1.31.

CalAmp Corp. (NASDAQ:CAMP) last announced its earnings results on Thursday, September 29th. The company reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. The company earned $90.50 million during the quarter. CalAmp Corp. had a net margin of 2.21% and a return on equity of 21.17%. The business’s revenue was up 29.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 EPS. Analysts forecast that CalAmp Corp. will post $1.09 earnings per share for the current year.

Several brokerages recently issued reports on CAMP. First Analysis cut shares of CalAmp Corp. from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $19.00 to $16.00 in a research note on Friday, September 30th. B. Riley dropped their price objective on shares of CalAmp Corp. from $29.00 to $22.00 and set a “buy” rating for the company in a research note on Monday, September 26th. Canaccord Genuity reaffirmed a “buy” rating and set a $25.00 price objective on shares of CalAmp Corp. in a research note on Thursday, August 11th. Aegis cut shares of CalAmp Corp. from a “buy” rating to a “hold” rating in a research note on Monday, October 3rd. Finally, Zacks Investment Research cut shares of CalAmp Corp. from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $20.80.

Institutional investors have recently made changes to their positions in the company. BlackRock Institutional Trust Company N.A. boosted its position in shares of CalAmp Corp. by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 935,991 shares of the company’s stock worth $16,782,000 after buying an additional 3,643 shares during the last quarter. Barclays PLC boosted its position in shares of CalAmp Corp. by 5.5% in the first quarter. Barclays PLC now owns 255,275 shares of the company’s stock worth $4,340,000 after buying an additional 13,398 shares during the last quarter. Quotient Investors LLC acquired a new position in shares of CalAmp Corp. during the second quarter worth about $333,000. Independent Portfolio Consultants Inc. boosted its position in shares of CalAmp Corp. by 58.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 28,810 shares of the company’s stock worth $427,000 after buying an additional 10,650 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in shares of CalAmp Corp. during the second quarter worth about $347,000. Institutional investors own 70.09% of the company’s stock.

About CalAmp Corp.

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