Insider Exclusive: Reasons for Richard Vitelle’s Shares Sale of CalAmp Corp. (NASDAQ:CAMP)’s Stock

November 23, 2016 - By Richard Conner

Insider Exclusive: Reasons for Richard Vitelle's Shares Sale of CalAmp Corp. (NASDAQ:CAMP)'s Stock

Richard Vitelle Insider Sell

An insider of the company Calamp Corp, Richard Vitelle also its Executive VP & CFO, disclosed his insider activities with the (SEC) on November 22, 2016. As reported in the document, Richard had sold 27,360 shares of the Pinksheet-listed company. The total trade was worth $411,080 USD. At the time of the transaction the price of a share was $15.0. Richard Vitelle right now owns 284,810 shares or 0.78% of the company’s market cap (total dollar market value of all company’s outstanding shares).

CalAmp Corp. (NASDAQ:CAMP) Ratings Coverage

Out of 9 analysts covering CalAmp (NASDAQ:CAMP), 5 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 56% are positive. $27.0 is the highest target while $16 is the lowest. The $22.80 average target is 49.51% above today’s ($15.25) stock price. CalAmp has been the topic of 11 analyst reports since December 7, 2015 according to StockzIntelligence Inc. As per Tuesday, March 22, the company rating was maintained by Northland Capital. Chardan Capital Markets initiated CalAmp Corp. (NASDAQ:CAMP) rating on Monday, December 7. Chardan Capital Markets has “Buy” rating and $24 price target. On Monday, August 15 the stock rating was maintained by First Analysis with “Overweight”. The stock of CalAmp Corp. (NASDAQ:CAMP) earned “Market Perform” rating by William Blair on Wednesday, April 20. On Tuesday, March 22 the stock rating was downgraded by Sidoti to “Neutral”. The firm has “Hold” rating by Aegis Capital given on Monday, October 3. The stock has “Buy” rating given by Craig Hallum on Wednesday, June 29. On Wednesday, December 23 the stock rating was maintained by Canaccord Genuity with “Buy”. On Monday, May 9 the stock rating was upgraded by Sidoti to “Buy”. The firm earned “Neutral” rating on Monday, October 31 by Macquarie Research.

Insitutional Activity: The institutional sentiment increased to 1.09 in 2016 Q2. Its up 0.09, from 1 in 2016Q1. The ratio improved, as 23 funds sold all CalAmp Corp. shares owned while 46 reduced positions. 21 funds bought stakes while 48 increased positions. They now own 22.80 million shares or 12.80% less from 26.15 million shares in 2016Q1.

Putnam Limited Liability Company accumulated 98,870 shares or 0% of the stock. Royal National Bank & Trust Of Canada owns 167,178 shares or 0% of their US portfolio. Blackrock Ltd owns 17,234 shares or 0% of their US portfolio. Prescott Group Capital Ltd has 0.51% invested in the company for 142,345 shares. Arizona State Retirement Sys has invested 0% of its portfolio in CalAmp Corp. (NASDAQ:CAMP). Quantbot Lp accumulated 5,713 shares or 0.01% of the stock. State Common Retirement Fund last reported 0% of its portfolio in the stock. Westwood Management Il reported 73,000 shares or 0.21% of all its holdings. Deutsche Retail Bank Ag accumulated 234,185 shares or 0% of the stock. California Public Employees Retirement System holds 293,700 shares or 0.01% of its portfolio. Moreover, Ladenburg Thalmann Financial Svcs has 0% invested in CalAmp Corp. (NASDAQ:CAMP) for 11,048 shares. Bnp Paribas Arbitrage holds 11,385 shares or 0% of its portfolio. Creative Planning accumulated 0% or 4,637 shares. Barclays Pcl last reported 0% of its portfolio in the stock. Moreover, Renaissance has 0.01% invested in CalAmp Corp. (NASDAQ:CAMP) for 14,679 shares.

Insider Transactions: Since July 1, 2016, the stock had 1 insider purchase, and 3 selling transactions for $457,686 net activity. On Wednesday, July 6 GARDNER JEFFERY R bought $14,110 worth of the stock or 1,000 shares. $225,046 worth of CalAmp Corp. (NASDAQ:CAMP) was sold by VITELLE RICHARD K on Friday, September 2.

The stock increased 0.13% or $0.02 during the last trading session, hitting $15.25. About 215,642 shares traded hands. CalAmp Corp. (NASDAQ:CAMP) has declined 2.12% since April 20, 2016 and is downtrending. It has underperformed by 6.68% the S&P500.

CalAmp Corp. is a provider of wireless communications solutions for a range of applications to clients globally. The company has a market cap of $558.84 million. The Firm operates through two business divisions: Wireless DataCom and Satellite. It has a 78.86 P/E ratio. 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.

According to Zacks Investment Research, “CalAmp Corp. is a leading provider of wireless communications products that enable anytime/anywhere access to critical information, data and entertainment content. With comprehensive capabilities ranging from product design and development through volume production, CalAmp delivers cost-effective high quality solutions to a broad array of customers and end markets. CalAmp is the leading supplier of Direct Broadcast Satellite outdoor customer premise equipment to the U.S. satellite television market. The Company also provides wireless data communication solutions for the telemetry and asset tracking markets, private wireless networks, public safety communications and critical infrastructure and process control applications.”

More notable recent CalAmp Corp. (NASDAQ:CAMP) news were published by: Fool.com which released: “CalAmp Corp. Keeps Moving Forward” on July 19, 2016, also Fool.com with their article: “Why CalAmp Corp. Stock Plunged 16.5% in April” published on May 12, 2016, Fool.com published: “CalAmp Corp. Loses Its (Satellite) Signal” on April 20, 2016. More interesting news about CalAmp Corp. (NASDAQ:CAMP) were released by: Streetinsider.com and their article: “Form 4 CalAmp Corp. For: Nov 18 Filed by: VITELLE RICHARD K” published on November 22, 2016 as well as Zacks.com‘s news article titled: “Weakness Seen in CalAmp Corp. (CAMP) Estimates: Should You Stay Away?” with publication date: October 27, 2016.

CAMP Company Profile

CalAmp Corp. (CalAmp), incorporated on September 8, 1987, is a well-known provider of wireless communications solutions for a range of applications to clients globally. The Firm operates through two business divisions: Wireless DataCom and Satellite. The Firm has facilities in various locations, including Carlsbad, California; Torrance, California; Herndon, Virginia; Waseca, Minnesota; Eden Prairie, Minnesota, and Auckland, New Zealand.

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