Calamp Gets a Buy Rating from Northland Securities

By Carrie Williams

In a report released yesterday, Michael Latimore from Northland Securities reiterated a Buy rating on Calamp (NASDAQ: CAMP), with a price target of $20. The company’s shares closed yesterday at $19.62, close to its 52-week high of $20.27.

According to TipRanks.com, Latimore is a 1-star analyst with an average return of -0.2% and a 52.4% success rate. Latimore covers the Technology sector, focusing on stocks such as Great Elm Capital Corporation, Interactive Intelligence, and Nuance Communications.

Calamp has an analyst consensus of Strong Buy, with a price target consensus of $20.67.

The company has a one year high of $20.27 and a one year low of $12.13. Currently, Calamp has an average volume of 338.9K.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. Last month, Garo Sarkis Sarkissian, the SVP Business Development of CAMP sold 15,000 shares for a total of $282,400.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

CalAmp Corp. develops and markets wireless communications solutions. It engages in delivering data, voice and video for critical networked communications and other applications. The company operates through two business segments: Wireless DataCom and Satellite.