CommVault Systems (NASDAQ:CVLT) CFO Gary Merrill Sells 3,098 Shares of Stock

CommVault Systems, Inc. (NASDAQ:CVLT) CFO Gary Merrill sold 3,098 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $104.54, for a total value of $323,864.92. Following the completion of the sale, the chief financial officer owned 77,067 shares in the company, valued at approximately $8,056,584.18. This trade represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 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 value 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 value of $234,096.04.

CommVault Systems Stock Performance

Shares of CommVault Systems stock opened at $101.96 on Wednesday. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 64.13 and a beta of 0.77. The stock’s 50-day moving average is $89.02 and its 200-day moving average is $104.69. CommVault Systems, Inc. has a one year low of $71.75 and a one year high of $200.68. The company has a debt-to-equity ratio of 117.54, a current ratio of 1.95 and a quick ratio of 1.95.

CommVault Systems (NASDAQ:CVLT) last released its earnings results on Tuesday, April 28th. The software maker reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.19. The business 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%.CommVault Systems’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 earnings per share. Equities analysts predict that CommVault Systems, Inc. will post 2.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CommVault Systems

Hedge funds and other institutional investors have recently bought and sold shares of the business. State of Wyoming bought a new position in CommVault Systems during the second quarter worth about $35,000. Banque Cantonale Vaudoise bought a new position in CommVault Systems during the third quarter worth about $39,000. Cullen Frost Bankers Inc. boosted its holdings in shares of CommVault Systems by 43.8% during the third quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock worth $46,000 after acquiring an additional 74 shares during the period. Assetmark Inc. boosted its holdings in shares of CommVault Systems by 2,950.0% during the third quarter. Assetmark Inc. now owns 244 shares of the software maker’s stock worth $46,000 after acquiring an additional 236 shares during the period. Finally, Advisory Services Network LLC bought a new stake in shares of CommVault Systems during the third quarter worth approximately $47,000. Institutional investors own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Guggenheim lowered their target price 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. Jefferies Financial Group assumed coverage on CommVault Systems in a research report on Monday, April 27th. They issued a “hold” rating and a $105.00 target price on the stock. Mizuho lowered their target price on CommVault Systems from $180.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 28th. KeyCorp lifted their target price on CommVault Systems from $108.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada lifted their target price on CommVault Systems from $100.00 to $110.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $135.00.

More 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

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.