Insider Selling: CommVault Systems (NASDAQ:CVLT) CAO Sells 254 Shares

CommVault Systems, Inc. (NASDAQ:CVLTGet Free Report) CAO Danielle Nicole Abrahamsen sold 254 shares of the stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $150.00, for a total value of $38,100.00. Following the sale, the chief accounting officer directly owned 13,156 shares in the company, valued at $1,973,400. This trade represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Danielle Nicole Abrahamsen also recently made the following trade(s):

  • On Tuesday, May 26th, Danielle Nicole Abrahamsen sold 277 shares of CommVault Systems stock. The shares were sold at an average price of $106.70, for a total transaction of $29,555.90.
  • On Friday, May 22nd, Danielle Nicole Abrahamsen sold 101 shares of CommVault Systems stock. The stock was sold at an average price of $107.39, for a total value of $10,846.39.
  • On Wednesday, May 20th, Danielle Nicole Abrahamsen sold 365 shares of CommVault Systems stock. The shares were sold at an average price of $99.13, for a total value of $36,182.45.
  • On Tuesday, May 19th, Danielle Nicole Abrahamsen sold 1,065 shares of CommVault Systems stock. The stock was sold at an average price of $105.84, for a total value of $112,719.60.
  • On Monday, May 18th, Danielle Nicole Abrahamsen sold 925 shares of CommVault Systems stock. The shares were sold at an average price of $104.52, for a total value of $96,681.00.

CommVault Systems Stock Performance

Shares of NASDAQ CVLT traded up $3.67 during midday trading on Tuesday, hitting $153.72. 881,124 shares of the company’s stock traded hands, compared to its average volume of 1,005,288. The company has a debt-to-equity ratio of 117.54, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 96.68 and a beta of 0.79. The firm has a fifty day moving average of $117.81 and a 200 day moving average of $104.83. CommVault Systems, Inc. has a 1 year low of $71.75 and a 1 year high of $200.68.

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

Hedge Funds Weigh In On CommVault Systems

Large investors have recently bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of CommVault Systems by 8.6% during 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 period. Sivia Capital Partners LLC purchased a new stake in shares of CommVault Systems in the second quarter valued at approximately $327,000. Cetera Investment Advisers raised its position in CommVault Systems by 13.4% during the 2nd quarter. Cetera Investment Advisers now owns 2,486 shares of the software maker’s stock valued at $433,000 after purchasing an additional 294 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of CommVault Systems by 188.3% during the second quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock valued at $47,000 after buying an additional 177 shares during the period. Finally, Guggenheim Capital LLC grew 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 acquiring an additional 1,293 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

More CommVault Systems News

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

Analysts Set New Price Targets

Several research analysts have recently commented on CVLT shares. Jefferies Financial Group began coverage on CommVault Systems in a research note on Monday, April 27th. They issued a “hold” rating and a $105.00 price objective on the stock. Wolfe Research initiated coverage on shares of CommVault Systems in a research report on Friday, May 1st. They set a “peer perform” rating on the stock. KeyCorp raised their price target on CommVault Systems from $108.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Loop Capital began coverage on 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, Royal Bank Of Canada boosted their price target on CommVault Systems from $100.00 to $110.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have assigned 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 target price of $136.33.

Get Our Latest Stock Analysis on CommVault Systems

About CommVault Systems

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for CommVault Systems (NASDAQ:CVLT)

Receive News & Ratings for CommVault Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CommVault Systems and related companies with MarketBeat.com's FREE daily email newsletter.