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Potential CalAmp Corp. (NASDAQ:CAMP) shareholders may wish to note that the President, Jeffery Gardner, recently bought US$128k worth of stock, paying US$5.35 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 10%.
See our latest analysis for CalAmp
CalAmp Insider Transactions Over The Last Year
In fact, the recent purchase by Jeffery Gardner was the biggest purchase of CalAmp shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of US$5.62 per share to be enticing. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for CalAmp share holders is that insiders were buying at near the current price.
CalAmp insiders may have bought shares in the last year, but they didn't sell any. They paid about US$6.58 on average. I'd consider this a positive as it suggests insiders see value at around the current price. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Does CalAmp Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data indicates that CalAmp insiders own about US$6.7m worth of shares (which is 3.3% of the company). Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
So What Do The CalAmp Insider Transactions Indicate?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that CalAmp insiders are expecting a bright future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Case in point: We've spotted 3 warning signs for CalAmp you should be aware of.