CommVault Systems (NASDAQ:CVLT) CFO Sells $266,308.56 in Stock

CommVault Systems, Inc. (NASDAQ:CVLT) CFO Gary Merrill sold 1,854 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $143.64, for a total transaction of $266,308.56. Following the completion of the transaction, the chief financial officer owned 70,921 shares in the company, valued at approximately $10,187,092.44. The trade was a 2.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 Wednesday, August 19th, Gary Merrill sold 1,293 shares of CommVault Systems stock. The shares were sold at an average price of $142.80, for a total transaction of $184,640.40.
• On Tuesday, May 26th, Gary Merrill sold 4,554 shares of CommVault Systems stock. The shares were 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 shares were sold at an average price of $107.39, for a total value of $405,612.03.

CommVault Systems Stock Performance

Shares of NASDAQ CVLT opened at $133.81 on Friday. CommVault Systems, Inc. has a 52-week low of $71.75 and a 52-week high of $198.18. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 16.94. The firm’s 50-day moving average price is $138.61 and its 200-day moving average price is $109.49. The company has a market cap of $5.55 billion, a PE ratio of 85.23 and a beta of 0.81.

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

Wall Street Analyst Weigh In

Several research firms have issued reports on CVLT. Weiss Ratings raised CommVault Systems from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 16th. Jefferies Financial Group reaffirmed a “hold” rating and set a $130.00 target price on shares of CommVault Systems in a research note on Wednesday, July 29th. Stephens lifted their price objective on CommVault Systems from $135.00 to $155.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 16th. Royal Bank Of Canada boosted their target price on shares of CommVault Systems from $100.00 to $110.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 29th. Finally, Oppenheimer increased their price target on CommVault Systems from $150.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.47.

Institutional Trading of CommVault Systems

Several institutional investors and hedge funds have recently made changes to their positions in the business. Transamerica Financial Advisors LLC purchased a new stake in shares of CommVault Systems during the second quarter valued at $25,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in CommVault Systems in the 2nd quarter worth about $27,000. Silvant Capital Management LLC bought a new stake in CommVault Systems during the 2nd quarter valued at about $30,000. State of Wyoming bought a new stake in CommVault Systems during the 2nd quarter valued at about $35,000. Finally, Essential Partners LLC boosted its position in CommVault Systems by 9,920.0% in the 1st quarter. Essential Partners LLC now owns 501 shares of the software maker’s stock valued at $39,000 after buying an additional 496 shares during the period. 93.50% of the stock is currently owned by institutional investors.

CommVault Systems Company Profile

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.