CommVault Systems (NASDAQ:CVLT) CFO Sells $323,864.92 in Stock

CommVault Systems, Inc. (NASDAQ:CVLT) CFO Gary Merrill sold 3,098 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $104.54, for a total transaction of $323,864.92. Following the completion of the sale, the chief financial officer owned 77,067 shares of the company’s stock, valued at approximately $8,056,584.18. This represents a 3.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Tuesday, May 19th, Gary Merrill sold 4,560 shares of CommVault Systems stock. The stock was sold at an average price of $105.10, for a total transaction of $479,256.00.
• On Thursday, February 19th, Gary Merrill sold 1,892 shares of CommVault Systems stock. The shares were sold at an average price of $91.28, for a total transaction of $172,701.76.
• On Wednesday, February 18th, Gary Merrill sold 2,593 shares of CommVault Systems stock. The shares were sold at an average price of $90.28, for a total transaction of $234,096.04.

CommVault Systems Stock Up 1.4%

CommVault Systems stock opened at $106.00 on Friday. The company’s 50-day moving average price is $89.91 and its two-hundred day moving average price is $104.23. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 117.54. The stock has a market cap of $4.37 billion, a P/E ratio of 66.67 and a beta of 0.77. CommVault Systems, Inc. has a twelve month low of $71.75 and a twelve month high of $200.68.

CommVault Systems (NASDAQ:CVLT) last posted its earnings results on Tuesday, April 28th. The software maker reported $1.28 EPS for the quarter, beating the consensus estimate of $1.09 by $0.19. The company had revenue of $311.69 million for the quarter, compared to the consensus estimate 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 for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.03 earnings per share. As a group, analysts expect that CommVault Systems, Inc. will post 2.86 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on CVLT shares. Guggenheim lowered their price objective on CommVault Systems from $200.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. DA Davidson reissued a “buy” rating and issued a $125.00 target price on shares of CommVault Systems in a research report on Monday, April 13th. Wells Fargo & Company lowered their price target on shares of CommVault Systems from $190.00 to $155.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 28th. Loop Capital started coverage on shares of CommVault Systems in a research note on Tuesday, March 24th. They issued a “buy” rating and a $125.00 price objective for the company. Finally, Stephens cut their price objective on shares of CommVault Systems from $162.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.00.

Institutional Trading of CommVault Systems

Institutional investors have recently modified their holdings of the stock. State of Wyoming acquired a new stake in shares of CommVault Systems during the 2nd quarter worth $35,000. Banque Cantonale Vaudoise acquired a new stake in shares of CommVault Systems during the 3rd quarter worth $39,000. Cullen Frost Bankers Inc. grew its holdings in shares of CommVault Systems by 43.8% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock worth $46,000 after purchasing an additional 74 shares in the last quarter. Assetmark Inc. grew its holdings in shares of CommVault Systems by 2,950.0% during the 3rd quarter. Assetmark Inc. now owns 244 shares of the software maker’s stock worth $46,000 after purchasing an additional 236 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of CommVault Systems during the 3rd quarter worth $47,000. 93.50% of the stock is currently owned by institutional investors.

More CommVault Systems News

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

• Positive Sentiment: Commvault’s latest quarterly results were better than expected, with EPS of $1.28 versus $1.09 expected and revenue of $311.69 million versus $306.71 million expected, while revenue rose 13.3% year over year. This supports the company’s underlying business strength.
• Neutral Sentiment: CEO Sanjay Mirchandani and other executives sold shares this week, but the filings say the transactions were made under pre-arranged 10b5-1 plans and to cover tax withholding obligations tied to vesting equity awards, which makes the sales less concerning than open-market discretionary selling.
• Neutral Sentiment: Insider sales by the CFO and CAO were also disclosed, but these were similarly tied to equity award vesting and tax obligations rather than a clear change in outlook.
• Negative Sentiment: Multiple law firms announced or promoted class action suits and investigations against Commvault over alleged securities-law violations, creating a near-term overhang for CVLT. Article Title

CommVault Systems Company Profile

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.