CalAmp Corp. (NASDAQ:CAMP) SVP Garo Sarkis Sarkissian sold 9,833 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $23.89, for a total value of $234,910.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of CalAmp Corp. (NASDAQ CAMP) opened at 23.70 on Friday. The firm’s 50-day moving average is $19.94 and its 200-day moving average is $18.87. CalAmp Corp. has a one year low of $12.13 and a one year 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.

CalAmp Corp. (NASDAQ:CAMP) last issued its quarterly earnings results on Thursday, September 28th. The Wireless communications provider reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The business had revenue of $89.80 million for 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 was down .8% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 EPS. On average, equities analysts anticipate that CalAmp Corp. will post $1.17 EPS for the current year.

WARNING: This story was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://www.dailypolitical.com/2017/10/07/garo-sarkis-sarkissian-sells-9833-shares-of-calamp-corp-camp-stock.html.

Several research firms recently commented on CAMP. B. Riley reiterated a “buy” rating and issued a $28.00 price objective on shares of CalAmp Corp. in a research note on Saturday, July 1st. Craig Hallum upped their price objective on CalAmp Corp. from $19.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, June 28th. TheStreet upgraded CalAmp Corp. from a “c” rating to a “b” rating in a research note on Friday, September 29th. BidaskClub downgraded CalAmp Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, J P Morgan Chase & Co downgraded 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. CalAmp Corp. has an average rating of “Hold” and a consensus price target of $23.75.

Several institutional investors have recently modified their holdings of the company. Thrivent Financial For Lutherans boosted its stake in shares of CalAmp Corp. by 0.8% during the 1st quarter. Thrivent Financial For Lutherans now owns 19,970 shares of the Wireless communications provider’s stock worth $335,000 after acquiring an additional 160 shares during the last quarter. Texas Permanent School Fund boosted its stake in shares of CalAmp Corp. by 0.7% during the 2nd quarter. Texas Permanent School Fund now owns 25,808 shares of the Wireless communications provider’s stock worth $525,000 after acquiring an additional 170 shares during the last quarter. Mason Street Advisors LLC boosted its stake in shares of CalAmp Corp. by 4.3% during the 1st quarter. Mason Street Advisors LLC now owns 8,280 shares of the Wireless communications provider’s stock worth $139,000 after acquiring an additional 341 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of CalAmp Corp. by 0.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 96,324 shares of the Wireless communications provider’s stock worth $1,958,000 after acquiring an additional 468 shares during the last quarter. Finally, Baker Avenue Asset Management LP boosted its stake in shares of CalAmp Corp. by 1.5% during the 2nd quarter. Baker Avenue Asset Management LP now owns 48,492 shares of the Wireless communications provider’s stock worth $986,000 after acquiring an additional 736 shares during the last quarter. Institutional investors and hedge funds own 72.88% of the company’s stock.

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.

Insider Buying and Selling by Quarter for CalAmp Corp. (NASDAQ:CAMP)

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.