CommVault Systems (NASDAQ:CVLT) CAO Danielle Nicole Abrahamsen Sells 101 Shares of Stock

CommVault Systems, Inc. (NASDAQ:CVLTGet Free Report) CAO Danielle Nicole Abrahamsen sold 101 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $107.39, for a total transaction of $10,846.39. Following the sale, the chief accounting officer owned 13,443 shares of the company’s stock, valued at $1,443,643.77. This trade represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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.

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 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 transaction of $36,182.45.
  • On Tuesday, May 19th, Danielle Nicole Abrahamsen sold 1,065 shares of CommVault Systems stock. The shares were sold at an average price of $105.84, for a total transaction 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 transaction of $96,681.00.

CommVault Systems Stock Up 0.8%

CVLT stock opened at $108.09 on Wednesday. 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, Inc. has a 52-week low of $71.75 and a 52-week high of $200.68. The company has a 50-day moving average of $91.54 and a two-hundred day moving average of $103.65. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 67.98 and a beta of 0.77.

CommVault Systems (NASDAQ:CVLTGet Free Report) last released its quarterly 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. 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 analysts’ expectations of $306.71 million. During the same period in the prior year, the company earned $1.03 earnings per share. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. As a group, equities research analysts anticipate that CommVault Systems, Inc. will post 2.86 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. State of Wyoming acquired a new position in CommVault Systems in the second quarter worth about $35,000. Banque Cantonale Vaudoise acquired a new position in CommVault Systems in the third quarter worth about $39,000. Cullen Frost Bankers Inc. raised its position in CommVault Systems by 43.8% in the third 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. raised its position in CommVault Systems by 2,950.0% in the third 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 position in CommVault Systems in the third quarter worth about $47,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

More CommVault Systems News

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Wells Fargo & Company cut their price objective on shares of CommVault Systems from $190.00 to $155.00 and set an “overweight” rating for the company in a research report on Wednesday, January 28th. Guggenheim cut their price objective on shares of CommVault Systems from $200.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. Loop Capital assumed coverage on shares of CommVault Systems in a research report on Tuesday, March 24th. They set a “buy” rating and a $125.00 price objective for the company. Royal Bank Of Canada upped their price objective on shares of CommVault Systems from $100.00 to $110.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 29th. Finally, Wolfe Research assumed coverage on shares of CommVault Systems in a research report on Friday, May 1st. They set a “peer perform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $135.00.

Get Our Latest Stock Analysis on CommVault Systems

CommVault Systems Company Profile

(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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