Gary Merrill Sells 1,293 Shares of CommVault Systems (NASDAQ:CVLT) Stock

CommVault Systems, Inc. (NASDAQ:CVLT) CFO Gary Merrill sold 1,293 shares of CommVault Systems stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $142.80, for a total value of $184,640.40. Following the completion of the transaction, the chief financial officer owned 69,628 shares in the company, valued at approximately $9,942,878.40. This represents a 1.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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.

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

• On Tuesday, August 18th, Gary Merrill sold 1,854 shares of CommVault Systems stock. The shares were sold at an average price of $143.64, for a total value of $266,308.56.
• On Tuesday, May 26th, Gary Merrill sold 4,554 shares of CommVault Systems stock. The stock was sold at an average price of $106.70, for a total value of $485,911.80.
• On Friday, May 22nd, Gary Merrill sold 3,777 shares of CommVault Systems stock. The stock was sold at an average price of $107.39, for a total value of $405,612.03.

CommVault Systems Trading Down 3.8%

CVLT stock traded down $5.49 during midday trading on Wednesday, hitting $137.32. The company had a trading volume of 449,257 shares, compared to its average volume of 935,905. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 87.46 and a beta of 0.81. CommVault Systems, Inc. has a 52 week low of $71.75 and a 52 week high of $198.18. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 16.94. The stock’s 50 day moving average price is $138.16 and its 200 day moving average price is $108.64.

CommVault Systems (NASDAQ:CVLT) last issued its earnings results on Tuesday, July 28th. The software maker reported $1.42 EPS for the quarter, topping the consensus estimate of $1.16 by $0.26. CommVault Systems had a net margin of 5.62% and a return on equity of 88.75%. The company had revenue of $314.13 million for the quarter, compared to the consensus estimate of $310.43 million. During the same period in the previous year, the firm earned $1.01 earnings per share. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. As a group, equities research analysts expect that CommVault Systems, Inc. will post 2.84 earnings per share for the current fiscal year.

Key Headlines Impacting CommVault Systems

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

• Positive Sentiment: Commvault expanded its Cloud Rewind offering with broader Microsoft Azure resource coverage, aiming to help customers protect and recover cloud-native and AI-driven applications after cyberattacks or outages. The announcement supports the company’s positioning in the growing data resilience, cloud protection and AI infrastructure markets. Commvault Advances AI and Cloud Application Resilience with Expanded Cloud Rewind Coverage
• Positive Sentiment: Analysts assign Commvault a consensus rating of “Moderate Buy,” indicating that overall Wall Street sentiment remains favorable despite recent selling pressure. CommVault Systems Given Consensus Rating of Moderate Buy
• Neutral Sentiment: CEO Sanjay Mirchandani, CFO Gary Merrill and Chief Accounting Officer Danielle Abrahamsen reported sales of company stock during August 17–19. The transactions were executed under pre-arranged Rule 10b5-1 plans and were specifically described as sales to cover tax-withholding obligations from vested equity awards, reducing their significance as a discretionary bearish signal. Executives continue to own substantial positions.
• Negative Sentiment: Bernstein Liebhard announced an investigation into potential breaches of fiduciary duty by certain Commvault directors and officers. The investigation is at an early stage and does not establish wrongdoing, but it introduces legal and governance uncertainty that could weigh on investor sentiment. CommVault Shareholder Investigation Alert

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Zacks Research lowered shares of CommVault Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Piper Sandler lowered CommVault Systems from an “overweight” rating to a “neutral” rating and set a $133.00 price target for the company. in a research report on Tuesday, July 28th. Wall Street Zen cut CommVault Systems from a “buy” rating to a “hold” rating in a report on Saturday. Mizuho lifted their price objective on CommVault Systems from $140.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. Finally, Scotiabank restated a “sector perform” rating and set a $130.00 target price on shares of CommVault Systems in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, CommVault Systems presently has a consensus rating of “Moderate Buy” and an average price target of $152.47.

Institutional Trading of CommVault Systems

Several large investors have recently bought and sold shares of the company. Transamerica Financial Advisors LLC bought a new position in shares of CommVault Systems in the 2nd quarter worth approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of CommVault Systems during the second quarter valued at approximately $27,000. Silvant Capital Management LLC bought a new stake in shares of CommVault Systems during the second quarter valued at approximately $30,000. State of Wyoming purchased a new stake in CommVault Systems in the second quarter worth $35,000. Finally, Essential Partners LLC raised its holdings in CommVault Systems by 9,920.0% in the first quarter. Essential Partners LLC now owns 501 shares of the software maker’s stock worth $39,000 after purchasing an additional 496 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

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.