CommVault Systems (NASDAQ:CVLT) CFO Sells $485,911.80 in Stock

CommVault Systems, Inc. (NASDAQ:CVLTGet Free Report) CFO Gary Merrill sold 4,554 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $106.70, for a total value of $485,911.80. Following the completion of the sale, the chief financial officer owned 72,775 shares in the company, valued at $7,765,092.50. This represents a 5.89% 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 Friday, May 22nd, Gary Merrill sold 3,777 shares of CommVault Systems stock. The shares were sold at an average price of $107.39, for a total value of $405,612.03.
  • On Tuesday, May 19th, Gary Merrill sold 4,560 shares of CommVault Systems stock. The shares were sold at an average price of $105.10, for a total value of $479,256.00.
  • On Monday, May 18th, Gary Merrill sold 3,098 shares of CommVault Systems stock. The shares were sold at an average price of $104.54, for a total value of $323,864.92.

CommVault Systems Price Performance

CVLT stock opened at $110.73 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 117.54. The company has a market capitalization of $4.57 billion, a PE ratio of 69.64 and a beta of 0.77. CommVault Systems, Inc. has a 12-month low of $71.75 and a 12-month high of $200.68. The business’s fifty day moving average price is $92.70 and its 200 day moving average price is $103.40.

CommVault Systems (NASDAQ:CVLTGet Free Report) last posted its quarterly earnings data 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. The firm 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 company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 EPS. On average, sell-side analysts anticipate that CommVault Systems, Inc. will post 2.86 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CVLT shares. Scotiabank boosted their price objective on CommVault Systems from $105.00 to $110.00 and gave the company a “sector perform” rating in a report on Wednesday, April 29th. KeyCorp increased their price objective on CommVault Systems from $108.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Loop Capital started coverage on CommVault Systems in a research note on Tuesday, March 24th. They issued a “buy” rating and a $125.00 price objective on the stock. Jefferies Financial Group started coverage on CommVault Systems in a report on Monday, April 27th. They set a “hold” rating and a $105.00 price target on the stock. Finally, Wolfe Research started coverage on CommVault Systems in a report on Friday, May 1st. They set a “peer perform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $135.00.

View Our Latest Analysis on CommVault Systems

Institutional Investors Weigh In On CommVault Systems

Large investors have recently bought and sold shares of the stock. Boston Trust Walden Corp acquired a new position in shares of CommVault Systems during the 4th quarter worth about $30,830,000. Federated Hermes Inc. grew its holdings in shares of CommVault Systems by 9.7% during the third quarter. Federated Hermes Inc. now owns 322,053 shares of the software maker’s stock worth $60,797,000 after purchasing an additional 28,596 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of CommVault Systems by 131.7% during the third quarter. JPMorgan Chase & Co. now owns 382,778 shares of the software maker’s stock worth $72,261,000 after purchasing an additional 217,557 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of CommVault Systems by 19.4% during the third quarter. Victory Capital Management Inc. now owns 118,284 shares of the software maker’s stock worth $22,330,000 after purchasing an additional 19,218 shares during the last quarter. Finally, Strengthening Families & Communities LLC grew its holdings in shares of CommVault Systems by 2,215.4% during the third quarter. Strengthening Families & Communities LLC now owns 18,037 shares of the software maker’s stock worth $3,350,000 after purchasing an additional 17,258 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Key Headlines Impacting CommVault Systems

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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.

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