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

CommVault Systems, Inc. (NASDAQ:CVLT) CFO Gary Merrill sold 3,098 shares of CommVault Systems stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $104.54, for a total value of $323,864.92. Following the sale, the chief financial officer directly owned 77,067 shares of the company’s stock, valued at approximately $8,056,584.18. This represents a 3.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 stock was 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 stock was sold at an average price of $90.28, for a total value of $234,096.04.

CommVault Systems Stock Performance

Shares of CVLT opened at $104.54 on Thursday. The stock has a 50-day moving average of $89.39 and a two-hundred day moving average of $104.46. 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 quick ratio of 1.95 and a current ratio of 1.95. The stock has a market cap of $4.31 billion, a P/E ratio of 65.75 and a beta of 0.77.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings results on Tuesday, April 28th. The software maker reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.19. CommVault Systems had a return on equity of 51.64% and a net margin of 5.97%.The company had revenue of $311.69 million during the quarter, compared to analysts’ expectations of $306.71 million. During the same quarter in the previous year, the firm posted $1.03 EPS. The firm’s revenue was up 13.3% compared to the same quarter last year. As a group, research analysts predict that CommVault Systems, Inc. will post 2.86 EPS for the current year.

Key Headlines Impacting CommVault Systems

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

• Negative Sentiment: Several law firms, including Rosen, Faruqi & Faruqi, Bernstein Liebhard, Levi & Korsinsky, and others, issued class-action alerts and deadline reminders for CVLT investors, increasing legal risk, uncertainty, and potential settlement costs. Article Title
• Negative Sentiment: A lawsuit filing specifically alleges securities fraud after ARR growth issues and says Commvault’s stock had already fallen sharply when those concerns surfaced, which can keep investors focused on disclosure and execution risk. Article Title
• Neutral Sentiment: Commvault executives disclosed sales of company stock, but the company said the transactions were made under pre-arranged 10b5-1 plans and to cover tax withholding on vested equity awards, which makes the signal less concerning than open-market discretionary selling. Article Title
• Positive Sentiment: The company’s most recent earnings report was stronger than expected, with EPS and revenue both beating estimates and revenue rising 13.3% year over year, which still supports the longer-term fundamental case for CVLT. Article Title

Hedge Funds Weigh In On CommVault Systems

Institutional investors and hedge funds have recently modified their holdings of the business. Boston Trust Walden Corp purchased a new position in shares of CommVault Systems in the 4th quarter valued at about $30,830,000. Federated Hermes Inc. increased its stake in shares of CommVault Systems by 9.7% in the 3rd quarter. Federated Hermes Inc. now owns 322,053 shares of the software maker’s stock valued at $60,797,000 after purchasing an additional 28,596 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of CommVault Systems by 131.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 382,778 shares of the software maker’s stock valued at $72,261,000 after purchasing an additional 217,557 shares in the last quarter. Emerald Advisers LLC increased its stake in shares of CommVault Systems by 47.4% in the 3rd quarter. Emerald Advisers LLC now owns 156,894 shares of the software maker’s stock valued at $29,618,000 after purchasing an additional 50,470 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of CommVault Systems by 19.4% in the 3rd quarter. Victory Capital Management Inc. now owns 118,284 shares of the software maker’s stock valued at $22,330,000 after purchasing an additional 19,218 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Jefferies Financial Group assumed coverage on CommVault Systems in a research note on Monday, April 27th. They set a “hold” rating and a $105.00 price objective for the company. Truist Financial reiterated a “buy” rating and set a $155.00 price objective (down from $175.00) on shares of CommVault Systems in a research note on Wednesday, January 28th. Cantor Fitzgerald reduced their price objective on CommVault Systems from $144.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, January 28th. Robert W. Baird reduced their price objective on CommVault Systems from $185.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Finally, Zacks Research lowered CommVault Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, CommVault Systems presently has an average rating of “Moderate Buy” and an average target price of $135.00.

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.