CommVault Systems (NASDAQ:CVLT) CAO Danielle Nicole Abrahamsen Sells 925 Shares of Stock

CommVault Systems, Inc. (NASDAQ:CVLT) CAO Danielle Nicole Abrahamsen sold 925 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $104.52, for a total value of $96,681.00. Following the sale, the chief accounting officer owned 14,646 shares of the company’s stock, valued at $1,530,799.92. This represents a 5.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

CommVault Systems Stock Performance

Shares of NASDAQ:CVLT opened at $101.96 on Wednesday. The firm has a market capitalization of $4.21 billion, a PE ratio of 64.13 and a beta of 0.77. The company has a debt-to-equity ratio of 117.54, a current ratio of 1.95 and a quick ratio of 1.95. The business has a 50-day moving average of $89.02 and a two-hundred day moving average of $104.69. CommVault Systems, Inc. has a 12 month low of $71.75 and a 12 month high of $200.68.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Tuesday, April 28th. The software maker reported $1.28 EPS for the quarter, topping the consensus estimate of $1.09 by $0.19. The company had revenue of $311.69 million during the quarter, compared to analyst estimates of $306.71 million. CommVault Systems had a return on equity of 51.64% and a net margin of 5.97%.The firm’s revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.03 earnings per share. As a group, research analysts forecast that CommVault Systems, Inc. will post 2.86 earnings per share for the current year.

Key CommVault Systems News

Here are the key news stories impacting CommVault Systems this week:

• Positive Sentiment: Commvault previously reported better-than-expected quarterly results, including EPS of $1.28 versus $1.09 expected and revenue of $311.69 million versus $306.71 million expected, with revenue up 13.3% year over year. This supports the longer-term fundamental case for the stock.
• Neutral Sentiment: Several company executives sold shares on May 18, but the filings say the sales were made to cover tax withholding obligations tied to vested equity awards, which limits the signal compared with discretionary insider selling.
• Negative Sentiment: A cluster of law firms announced or promoted securities class action lawsuits and investor investigations against Commvault, centered on alleged misstatements about annualized recurring revenue growth. These headlines can increase legal and reputational risk and are the main near-term drag on the stock. Article Title
• Negative Sentiment: The lawsuits also create uncertainty around potential settlement costs, distraction for management, and the possibility of further disclosure-related scrutiny, which may be contributing to the stock’s decline today. Article Title

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CVLT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in CommVault Systems by 8.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,410 shares of the software maker’s stock valued at $23,255,000 after purchasing an additional 11,700 shares during the last quarter. Sivia Capital Partners LLC bought a new position in CommVault Systems during the 2nd quarter worth approximately $327,000. Cetera Investment Advisers lifted its holdings in CommVault Systems by 13.4% during the 2nd quarter. Cetera Investment Advisers now owns 2,486 shares of the software maker’s stock worth $433,000 after buying an additional 294 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in CommVault Systems by 188.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock worth $47,000 after buying an additional 177 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its holdings in CommVault Systems by 43.8% during the 2nd quarter. Guggenheim Capital LLC now owns 4,245 shares of the software maker’s stock worth $740,000 after buying an additional 1,293 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

CVLT has been the subject of several analyst reports. Zacks Research downgraded CommVault Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Mizuho decreased their target price on CommVault Systems from $180.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, January 28th. Stephens decreased their target price on CommVault Systems from $162.00 to $135.00 and set an “overweight” rating for the company in a research report on Wednesday, January 28th. DA Davidson reaffirmed a “buy” rating and issued a $125.00 target price on shares of CommVault Systems in a research report on Monday, April 13th. Finally, Loop Capital initiated coverage on CommVault Systems in a research report on Tuesday, March 24th. They issued a “buy” rating and a $125.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $135.00.

About CommVault Systems

Commvault Systems, Inc is a global provider of data protection and information management software designed to help organizations manage, protect, and activate data across on-premises and cloud environments. Founded in 1996 and headquartered in Tinton Falls, New Jersey, Commvault offers a suite of integrated products and services that enable enterprises to back up, recover, archive, and analyze data. Its flagship solutions include Commvault Complete Data Protection, Commvault HyperScale, and the SaaS-based Metallic portfolio, which deliver scalable and automated data management capabilities across hybrid infrastructure environments.

Commvault’s platform is built on a unified architecture that allows customers to streamline operations, reduce complexity, and ensure data resiliency.