CommVault Systems (NASDAQ:CVLT) CEO Sanjay Mirchandani Sells 13,109 Shares

CommVault Systems, Inc. (NASDAQ:CVLT) CEO Sanjay Mirchandani sold 13,109 shares of the firm’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $121.15, for a total value of $1,588,155.35. Following the completion of the sale, the chief executive officer owned 359,260 shares of the company’s stock, valued at approximately $43,524,349. This trade represents a 3.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Sanjay Mirchandani also recently made the following trade(s):

• On Tuesday, November 18th, Sanjay Mirchandani sold 14,653 shares of CommVault Systems stock. The stock was sold at an average price of $123.65, for a total transaction of $1,811,843.45.

CommVault Systems Price Performance

CVLT traded down $1.81 during midday trading on Thursday, hitting $117.69. The company had a trading volume of 497,214 shares, compared to its average volume of 586,394. CommVault Systems, Inc. has a twelve month low of $117.40 and a twelve month high of $200.68. The company has a market capitalization of $5.19 billion, a PE ratio of 66.12 and a beta of 0.68. The company has a debt-to-equity ratio of 4.18, a quick ratio of 1.24 and a current ratio of 2.53. The firm’s 50-day simple moving average is $163.81 and its 200-day simple moving average is $173.39.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings results on Tuesday, October 28th. The software maker reported $0.91 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.04). The company had revenue of $448.85 million for the quarter, compared to the consensus estimate of $273.31 million. CommVault Systems had a net margin of 7.32% and a return on equity of 31.53%. CommVault Systems’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period last year, the company earned $0.83 earnings per share. CommVault Systems has set its Q3 2026 guidance at EPS. FY 2026 guidance at EPS. Equities research analysts predict that CommVault Systems, Inc. will post 1.65 EPS for the current fiscal year.

Institutional Investors Weigh In On CommVault Systems

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of CommVault Systems by 2.1% during the third quarter. Vanguard Group Inc. now owns 5,435,497 shares of the software maker’s stock worth $1,026,113,000 after purchasing an additional 112,008 shares in the last quarter. Invesco Ltd. raised its stake in CommVault Systems by 7.1% during the 1st quarter. Invesco Ltd. now owns 1,777,307 shares of the software maker’s stock worth $280,388,000 after buying an additional 117,199 shares during the period. Acadian Asset Management LLC lifted its holdings in CommVault Systems by 2.9% during the first quarter. Acadian Asset Management LLC now owns 1,505,357 shares of the software maker’s stock worth $237,454,000 after acquiring an additional 43,075 shares in the last quarter. Geode Capital Management LLC grew its stake in CommVault Systems by 2.0% in the second quarter. Geode Capital Management LLC now owns 1,337,403 shares of the software maker’s stock valued at $233,172,000 after acquiring an additional 26,207 shares during the period. Finally, First Trust Advisors LP grew its stake in CommVault Systems by 1,335.8% in the third quarter. First Trust Advisors LP now owns 1,224,856 shares of the software maker’s stock valued at $231,228,000 after acquiring an additional 1,139,547 shares during the period. Institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CVLT. Wall Street Zen downgraded CommVault Systems from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Oppenheimer started coverage on CommVault Systems in a report on Monday, November 10th. They set an “outperform” rating for the company. Baird R W raised shares of CommVault Systems to a “strong-buy” rating in a research note on Monday, October 27th. Cantor Fitzgerald dropped their price target on shares of CommVault Systems from $189.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday, October 29th. Finally, Guggenheim restated a “buy” rating and issued a $220.00 price objective on shares of CommVault Systems in a report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $195.10.

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.