CommVault Systems (NASDAQ:CVLT) Insider Gary Merrill Sells 2,628 Shares

CommVault Systems, Inc. (NASDAQ:CVLT) insider Gary Merrill sold 2,628 shares of CommVault Systems stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $178.03, for a total transaction of $467,862.84. Following the completion of the sale, the insider directly owned 87,081 shares of the company’s stock, valued at $15,503,030.43. The trade was a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Gary Merrill also recently made the following trade(s):

• On Thursday, May 22nd, Gary Merrill sold 1,748 shares of CommVault Systems stock. The stock was sold at an average price of $174.91, for a total value of $305,742.68.

CommVault Systems Trading Up 0.2%

Shares of NASDAQ:CVLT opened at $176.37 on Thursday. The stock’s 50-day moving average price is $177.12 and its two-hundred day moving average price is $171.13. CommVault Systems, Inc. has a 12-month low of $128.07 and a 12-month high of $200.68. The firm has a market cap of $7.84 billion, a price-to-earnings ratio of 97.98 and a beta of 0.70.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings results on Tuesday, July 29th. The software maker reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. CommVault Systems had a return on equity of 30.83% and a net margin of 7.70%.The firm had revenue of $281.98 million for the quarter, compared to analyst estimates of $267.83 million. The firm’s revenue was up 26% on a year-over-year basis. CommVault Systems has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, research analysts forecast that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CVLT shares. Piper Sandler raised their price target on CommVault Systems from $168.00 to $170.00 and gave the stock a “neutral” rating in a research note on Monday, July 14th. DA Davidson boosted their price objective on shares of CommVault Systems from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. KeyCorp boosted their price objective on shares of CommVault Systems from $195.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Royal Bank Of Canada boosted their price objective on shares of CommVault Systems from $185.00 to $217.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 30th. Finally, Oppenheimer boosted their price objective on shares of CommVault Systems from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $205.63.

Hedge Funds Weigh In On CommVault Systems

Several hedge funds and other institutional investors have recently made changes to their positions in CVLT. Raymond James Financial Inc. acquired a new position in shares of CommVault Systems during the 4th quarter valued at $2,815,000. Mariner LLC lifted its holdings in shares of CommVault Systems by 3.7% during the 4th quarter. Mariner LLC now owns 3,310 shares of the software maker’s stock valued at $500,000 after acquiring an additional 118 shares in the last quarter. Jump Financial LLC acquired a new position in shares of CommVault Systems during the 4th quarter valued at $951,000. NewEdge Advisors LLC lifted its holdings in shares of CommVault Systems by 175.1% during the 4th quarter. NewEdge Advisors LLC now owns 4,512 shares of the software maker’s stock valued at $681,000 after acquiring an additional 2,872 shares in the last quarter. Finally, GeoWealth Management LLC acquired a new position in shares of CommVault Systems during the 4th quarter valued at $101,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

CommVault Systems Company Profile

Commvault Systems, Inc provides data protection platform that helps customers to secure, defend, and recover their data in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls.