CalAmp Corp. (NASDAQ:CAMP – Get Rating) Director Wes Cummins purchased 40,000 shares of the company's stock in a transaction dated Tuesday, December 27th. The shares were acquired at an average cost of $4.00 per share, for a total transaction of $160,000.00. Following the transaction, the director now owns 3,299,059 shares of the company's stock, valued at $13,196,236. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.
Wes Cummins also recently made the following trade(s):
Get CalAmp alerts:- On Friday, December 23rd, Wes Cummins purchased 25,000 shares of CalAmp stock. The shares were acquired at an average cost of $4.17 per share, for a total transaction of $104,250.00.
- On Wednesday, November 9th, Wes Cummins purchased 63,500 shares of CalAmp stock. The shares were acquired at an average cost of $3.04 per share, for a total transaction of $193,040.00.
- On Friday, October 14th, Wes Cummins purchased 75,000 shares of CalAmp stock. The shares were acquired at an average cost of $3.25 per share, for a total transaction of $243,750.00.
- On Wednesday, October 12th, Wes Cummins bought 60,000 shares of CalAmp stock. The stock was purchased at an average cost of $3.38 per share, for a total transaction of $202,800.00.
- On Monday, October 10th, Wes Cummins bought 50,000 shares of CalAmp stock. The stock was purchased at an average cost of $3.95 per share, for a total transaction of $197,500.00.
- On Friday, October 7th, Wes Cummins bought 100,000 shares of CalAmp stock. The stock was purchased at an average cost of $4.04 per share, for a total transaction of $404,000.00.
CalAmp Stock Down 1.5 %
CAMP stock opened at $4.48 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.68 and a debt-to-equity ratio of 12.15. The business has a 50 day moving average price of $3.68 and a two-hundred day moving average price of $4.44. The company has a market cap of $165.62 million, a price-to-earnings ratio of -4.77 and a beta of 2.21. CalAmp Corp. has a twelve month low of $2.96 and a twelve month high of $7.62.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of CAMP. Engineers Gate Manager LP bought a new position in CalAmp in the third quarter valued at approximately $43,000. Laurion Capital Management LP bought a new position in shares of CalAmp during the 2nd quarter worth approximately $44,000. Barclays PLC boosted its stake in shares of CalAmp by 44.2% during the 3rd quarter. Barclays PLC now owns 13,600 shares of the Wireless communications provider's stock worth $52,000 after acquiring an additional 4,169 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of CalAmp by 95.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 17,910 shares of the Wireless communications provider's stock worth $69,000 after acquiring an additional 8,752 shares during the period. Finally, Quent Capital LLC bought a new position in shares of CalAmp during the 3rd quarter worth approximately $73,000. 75.52% of the stock is currently owned by institutional investors.Analysts Set New Price Targets
CAMP has been the topic of a number of recent research reports. StockNews.com raised CalAmp from a "sell" rating to a "hold" rating in a research report on Thursday, December 22nd. The Goldman Sachs Group dropped their target price on CalAmp from $4.30 to $3.70 and set a "sell" rating on the stock in a research report on Friday, October 14th.
CalAmp Company Profile
(Get Rating)
CalAmp Corp., a connected intelligence company, provides leverages a data-driven solutions ecosystem to people and organizations in the United States, Europe, the Middle East, Africa, Latin America, the Asia-Pacific, and internationally. The company operates in two segments, Software & Subscription Services and Telematics Products.
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