Calamp Corp. (CAMP) Files Form 4 Insider Selling : Richard K Vitelle Sells 7,500 Shares

Calamp Corp. (CAMP): Richard K Vitelle , Executive VP & CFO of Calamp Corp. sold 7,500 shares on May 3, 2016. The Insider selling transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were sold at $14.46 per share for a total value of $108,450.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 28, 2016, Richard K Vitelle (Executive VP & CFO) sold 7,500 shares at $15.35 per share price.On Jan 7, 2016, Michael J Burdiek (President & CEO) sold 15,000 shares at $20.00 per share price.Also, On Oct 13, 2015, Garo Sarkis Sarkissian (SVP Business Development) sold 6,243 shares at $20.07 per share price.On Aug 6, 2015, Jeffery R Gardner (director) purchased 1,000 shares at $16.63 per share price.

Shares of CalAmp Corp. (CAMP) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.17 points or -1.18% at $14.27 with 3,63,208 shares getting traded. Post opening the session at $14.53, the shares hit an intraday low of $14.25 and an intraday high of $14.66 and the price vacillated in this range throughout the day. The company has a market cap of $523 M and the number of outstanding shares has been calculated to be 3,66,74,631 shares. The 52-week high of CalAmp Corp. is $21.3499 and the 52-week low is $14.01.

CalAmp Corp. Money Flow Index Chart

Company has been under the radar of several Street Analysts.CalAmp Corp. is Reiterated by Craig Hallum to Buy while Lowering the Price Target of the company shares to $ 21 from a previous price target of $24 . The Rating was issued on Apr 20, 2016.CalAmp Corp. is Downgraded by Sidoti to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 22, 2016.

CalAmp Corp. (CalAmp) is a provider of wireless communications solutions for a range of applications to customers globally. The Company has 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. The Company’s MRM and M2M solutions collect monitor and report data and intelligence from remote and mobile assets. It delivers products software services and solutions for energy government transportation and automotive vertical markets. The Company’s Satellite segment develops manufactures and sells direct-broadcast satellite (DBS) outdoor customer premise equipment and whole home video networking devices providing the delivery of digital and high definition satellite television services.

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