November 24, 2016 - By Richard Conner
Company insider, Garo Sarkissian, SVP Business Development of Calamp Corp unloaded a total of 2,992 shares of the firm, based on an avg price of $15.1 a share. The probability of this transaction staying ignored is extremely low, with the SVP Business Development currently owning 195,680 shares — that is 0.53% of the total market cap of the company.
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 47.76% above today’s ($15.43) stock price. CalAmp has been the topic of 11 analyst reports since December 7, 2015 according to StockzIntelligence Inc. On Wednesday, December 23 the stock rating was maintained by Canaccord Genuity with “Buy”. The stock of CalAmp Corp. (NASDAQ:CAMP) has “Overweight” rating given on Monday, August 15 by First Analysis. Northland Capital maintained the stock with “Outperform” rating in Tuesday, March 22 report. The firm has “Buy” rating by Craig Hallum given on Wednesday, June 29. The firm has “Market Perform” rating by William Blair given on Wednesday, April 20. Sidoti downgraded the shares of CAMP in a report on Tuesday, March 22 to “Neutral” rating. The stock of CalAmp Corp. (NASDAQ:CAMP) earned “Buy” rating by Chardan Capital Markets on Monday, December 7. The stock of CalAmp Corp. (NASDAQ:CAMP) has “Equal-Weight” rating given on Friday, September 30 by First Analysis. As per Monday, May 9, the company rating was upgraded by Sidoti. The firm has “Neutral” rating by Macquarie Research given on Monday, October 31.
Insitutional Activity: The institutional sentiment increased to 1.09 in Q2 2016. Its up 0.09, from 1 in 2016Q1. The ratio is positive, 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.
Moreover, Highbridge Mgmt Lc has 0.01% invested in CalAmp Corp. (NASDAQ:CAMP) for 56,777 shares. The California-based Rice Hall James Assoc has invested 0.33% in CalAmp Corp. (NASDAQ:CAMP). Legal General Grp Public Ltd Company holds 0% or 4,701 shares in its portfolio. Great West Life Assurance Communication Can last reported 4,000 shares in the company. Jpmorgan Chase, a New York-based fund reported 217,577 shares. Empire Capital Ltd Limited Liability Company accumulated 1.29% or 59,000 shares. Teacher Retirement Systems Of Texas holds 0% of its portfolio in CalAmp Corp. (NASDAQ:CAMP) for 5,094 shares. Los Angeles & Equity Rech Inc has 63,147 shares for 0.01% of their US portfolio. Pnc Financial Svcs Group Incorporated reported 3,193 shares or 0% of all its holdings. Prescott Grp Incorporated Cap Limited Com has invested 0.51% of its portfolio in CalAmp Corp. (NASDAQ:CAMP). Moreover, Ameriprise Fin Incorporated has 0% invested in CalAmp Corp. (NASDAQ:CAMP) for 177,550 shares. Tower Capital Ltd Co (Trc) last reported 1,353 shares in the company. New Jersey Better Educational Savings Trust owns 30,000 shares or 0.3% of their US portfolio. Pinebridge Limited Partnership accumulated 4,636 shares or 0% of the stock. Paradigm Asset Co Ltd Limited Liability Company, a New York-based fund reported 1,350 shares.
Insider Transactions: Since July 1, 2016, the stock had 1 buy, and 5 selling transactions for $913,945 net activity. The insider GARDNER JEFFERY R bought 1,000 shares worth $14,110. VITELLE RICHARD K sold $225,046 worth of CalAmp Corp. (NASDAQ:CAMP) on Friday, September 2. 2,992 shares were sold by Sarkissian Garo Sarkis, worth $45,179.
The stock increased 1.18% or $0.18 during the last trading session, hitting $15.43. About 226,050 shares traded hands. CalAmp Corp. (NASDAQ:CAMP) has risen 0.06% since April 22, 2016 and is uptrending. It has underperformed by 5.26% 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 $561.34 million. The Firm operates through two business divisions: Wireless DataCom and Satellite. It has a 79.79 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.”
Analysts await CalAmp Corp. (NASDAQ:CAMP) to report earnings on December, 27. They expect $0.21 EPS, down 25.00% or $0.07 from last year’s $0.28 per share. CAMP’s profit will be $7.64 million for 18.37 P/E if the $0.21 EPS becomes a reality. After $0.24 actual EPS reported by CalAmp Corp. for the previous quarter, Wall Street now forecasts -12.50% negative EPS growth.
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: “Calamp Corp. (CAMP) to Acquire LoJack (LOJN) in $134M Deal” published on February 01, 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.
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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