Calamp Corporation (NASDAQ:CAMP)’s Stock Is Buy After Less Market Selling

September 17, 2017 - By Clifton Ray

 Calamp Corporation (NASDAQ:CAMP)'s Stock Is Buy After Less Market Selling

Investors sentiment increased to 1.67 in 2016 Q4. Its up 0.58, from 1.09 in 2016Q3. It improved, as 17 investors sold CalAmp Corp. shares while 28 reduced holdings. 21 funds opened positions while 54 raised stakes. 24.60 million shares or 6.55% more from 23.09 million shares in 2016Q3 were reported.
Envestnet Asset Inc owns 14,936 shares. The California-based Kestrel Inv has invested 1.68% in CalAmp Corp. (NASDAQ:CAMP). Aqr Mgmt Lc invested 0% in CalAmp Corp. (NASDAQ:CAMP). Blackrock Limited has invested 0% in CalAmp Corp. (NASDAQ:CAMP). Goldman Sachs Grp Inc Inc invested in 0% or 96,428 shares. Nationwide Fund stated it has 0% of its portfolio in CalAmp Corp. (NASDAQ:CAMP). Schwab Charles Mgmt Inc has invested 0% of its portfolio in CalAmp Corp. (NASDAQ:CAMP). Los Angeles Capital Mngmt Equity owns 47,658 shares. Blackrock holds 0% of its portfolio in CalAmp Corp. (NASDAQ:CAMP) for 2,558 shares. 266,444 were reported by Principal Fin Group Inc Incorporated Inc. Legal And General Pcl has invested 0% in CalAmp Corp. (NASDAQ:CAMP). Baker Avenue Asset Mgmt Ltd Partnership has invested 0.09% of its portfolio in CalAmp Corp. (NASDAQ:CAMP). Pub Sector Pension Investment Board invested 0% in CalAmp Corp. (NASDAQ:CAMP). Alliancebernstein L P invested 0% of its portfolio in CalAmp Corp. (NASDAQ:CAMP). Barclays Public Limited has 149,825 shares for 0% of their portfolio.

Since May 15, 2017, it had 0 buys, and 3 sales for $852,400 activity. Sarkissian Garo Sarkis sold $282,400 worth of stock.

The stock of Calamp Corporation (NASDAQ:CAMP) registered a decrease of 6.32% in short interest. CAMP’s total short interest was 1.99 million shares in September as published by FINRA. Its down 6.32% from 2.12 million shares, reported previously. With 184,100 shares average volume, it will take short sellers 11 days to cover their CAMP’s short positions. The short interest to Calamp Corporation’s float is 5.82%.

The stock increased 0.36% or $0.07 on September 15, reaching $19.36. About 420,936 shares traded or 85.86% up from the average. CalAmp Corp. (NASDAQ:CAMP) has risen 30.70% since September 17, 2016 and is uptrending. It has outperformed by 14.00% the S&P500.

CalAmp Corp. is a provider of wireless communications solutions for a range of applications to clients globally. The company has market cap of $685.28 million. The Firm operates through two business divisions: Wireless DataCom and Satellite. It currently has negative earnings. 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.

CalAmp Corp. (NASDAQ:CAMP) Ratings Coverage

Among 11 analysts covering CalAmp (NASDAQ:CAMP), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. CalAmp had 18 analyst reports since December 7, 2015 according to SRatingsIntel. The company was maintained on Tuesday, September 5 by Northland Capital. On Friday, September 30 the stock rating was downgraded by First Analysis to “Equal-Weight”. The stock of CalAmp Corp. (NASDAQ:CAMP) has “Buy” rating given on Friday, May 26 by Canaccord Genuity. The stock has “Buy” rating by Craig Hallum on Wednesday, June 28. The stock of CalAmp Corp. (NASDAQ:CAMP) earned “Buy” rating by Canaccord Genuity on Wednesday, December 23. On Tuesday, March 22 the stock rating was maintained by Northland Capital with “Outperform”. Sidoti downgraded the stock to “Neutral” rating in Tuesday, March 22 report. The rating was initiated by Macquarie Research on Monday, October 31 with “Neutral”. The stock has “Overweight” rating by First Analysis on Monday, August 15. The company was maintained on Wednesday, June 29 by Craig Hallum.

More notable recent CalAmp Corp. (NASDAQ:CAMP) news were published by: Seekingalpha.com which released: “CalAmp: Has It Run Far Enough?” on June 15, 2017, also Fool.com with their article: “How CalAmp makes most of its money” published on April 12, 2017, Fool.com published: “What Sierra Wireless does” on June 22, 2017. More interesting news about CalAmp Corp. (NASDAQ:CAMP) were released by: Fool.com and their article: “Better Buy: CalAmp Corp. vs. NVIDIA” published on August 27, 2017 as well as Fool.com‘s news article titled: “Why CalAmp Corp. Shareholders Have Nothing to Worry About” with publication date: May 31, 2017.

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