Could Calamp Corp (NASDAQ:CAMP) Skyrocket? The Stock Has Too Many Sellers

February 24, 2018 - By Marguerite Chambers

 Could Calamp Corp (NASDAQ:CAMP) Skyrocket? The Stock Has Too Many Sellers

Investors sentiment decreased to 1.07 in 2017 Q3. Its down 0.17, from 1.24 in 2017Q2. It worsened, as 6 investors sold CalAmp Corp. shares while 48 reduced holdings. 20 funds opened positions while 38 raised stakes. 24.25 million shares or 0.10% less from 24.28 million shares in 2017Q2 were reported.
State Of Tennessee Treasury Department has 30,888 shares. Rhumbline Advisers holds 0% in CalAmp Corp. (NASDAQ:CAMP) or 67,718 shares. John G Ullman & Assocs Inc holds 0.95% or 208,600 shares in its portfolio. Baker Avenue Asset Management L P owns 46,698 shares or 0.12% of their US portfolio. Credit Suisse Ag stated it has 39,097 shares. Comerica National Bank & Trust has 0.01% invested in CalAmp Corp. (NASDAQ:CAMP) for 37,924 shares. Millrace Asset Grp holds 0.88% or 40,200 shares. Envestnet Asset Mgmt Incorporated stated it has 0% of its portfolio in CalAmp Corp. (NASDAQ:CAMP). Jefferies Grp Inc Limited Liability Corporation reported 0% of its portfolio in CalAmp Corp. (NASDAQ:CAMP). Ny State Teachers Retirement Sys, a New York-based fund reported 16,243 shares. Oak Assocs Oh reported 0.06% stake. Bbva Compass Savings Bank stated it has 22,912 shares. Columbus Circle Investors accumulated 0.08% or 193,242 shares. Lazard Asset Mgmt Ltd Liability Corporation holds 0% of its portfolio in CalAmp Corp. (NASDAQ:CAMP) for 5,795 shares. Deutsche State Bank Ag stated it has 0% of its portfolio in CalAmp Corp. (NASDAQ:CAMP).

Since October 3, 2017, it had 0 buys, and 7 insider sales for $1.42 million activity. $195,080 worth of CalAmp Corp. (NASDAQ:CAMP) shares were sold by Burdiek Michael J. Alexy Kimberly had sold 25,000 shares worth $565,450.

The stock of Calamp Corp (NASDAQ:CAMP) registered an increase of 5.88% in short interest. CAMP’s total short interest was 1.94M shares in February as published by FINRA. Its up 5.88% from 1.83M shares, reported previously. With 399,500 shares average volume, it will take short sellers 5 days to cover their CAMP’s short positions. The short interest to Calamp Corp’s float is 5.64%.

The stock increased 1.74% or $0.41 during the last trading session, reaching $23.95. About 135,026 shares traded. CalAmp Corp. (NASDAQ:CAMP) has risen 30.70% since February 24, 2017 and is uptrending. It has outperformed by 14.00% the S&P500.

CalAmp Corp. provides Internet of Things enablement solutions for various mobile and fixed applications worldwide. The company has market cap of $853.21 million. The firm provides solutions for mobile resource management and applications for the IoT market, which enable clients in the transportation, government, construction, automotive, and energy markets to optimize their activities by collecting, monitoring, and reporting business-critical data and desired intelligence from remote and mobile assets. It has a 50.53 P/E ratio. It also offers a portfolio of wireless communications products, such as asset tracking devices, mobile telemetry units, fixed and mobile wireless gateways, and multi-mode wireless routers; and cloud telematics software-as-a-service and platform-as-a-service applications.

CalAmp Corp. (NASDAQ:CAMP) Ratings Coverage

Among 13 analysts covering CalAmp (NASDAQ:CAMP), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. CalAmp has $29.0 highest and $16 lowest target. $25.67’s average target is 7.18% above currents $23.95 stock price. CalAmp had 32 analyst reports since December 7, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Monday, October 3 by Aegis Capital. The stock of CalAmp Corp. (NASDAQ:CAMP) earned “Overweight” rating by First Analysis on Monday, August 15. J.P. Morgan downgraded CalAmp Corp. (NASDAQ:CAMP) on Wednesday, October 4 to “Sell” rating. Northland Capital maintained the stock with “Outperform” rating in Tuesday, March 22 report. The stock of CalAmp Corp. (NASDAQ:CAMP) earned “Buy” rating by Craig Hallum on Wednesday, June 29. The stock has “Equal-Weight” rating by First Analysis on Friday, September 30. The company was initiated on Monday, December 7 by Chardan Capital Markets. The firm has “Buy” rating by Craig Hallum given on Friday, September 29. The rating was upgraded by J.P. Morgan on Thursday, January 25 to “Hold”. Canaccord Genuity maintained CalAmp Corp. (NASDAQ:CAMP) on Friday, May 26 with “Buy” rating.

More news for CalAmp Corp. (NASDAQ:CAMP) were recently published by: Seekingalpha.com, which released: “CalAmp: Exciting Growth” on January 26, 2018. Fool.com‘s article titled: “Is CalAmp Corp. a Buy?” and published on January 29, 2018 is yet another important article.

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