Danielle Nicole Abrahamsen Sells 925 Shares of CommVault Systems (NASDAQ:CVLT) Stock

CommVault Systems, Inc. (NASDAQ:CVLT) CAO Danielle Nicole Abrahamsen sold 925 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $104.52, for a total transaction of $96,681.00. Following the transaction, the chief accounting officer owned 14,646 shares of the company’s stock, valued at $1,530,799.92. The trade was a 5.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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.

CommVault Systems Stock Performance

Shares of CVLT opened at $104.54 on Thursday. CommVault Systems, Inc. has a 12 month low of $71.75 and a 12 month high of $200.68. The firm has a fifty day simple moving average of $89.39 and a 200 day simple moving average of $104.46. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of 65.75 and a beta of 0.77. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 117.54.

CommVault Systems (NASDAQ:CVLT) last announced its earnings results on Tuesday, April 28th. The software maker reported $1.28 EPS for the quarter, topping the consensus estimate of $1.09 by $0.19. CommVault Systems had a net margin of 5.97% and a return on equity of 51.64%. The business had revenue of $311.69 million during the quarter, compared to analysts’ expectations of $306.71 million. During the same quarter in the prior year, the company posted $1.03 earnings per share. The firm’s revenue was up 13.3% on a year-over-year basis. Research analysts forecast that CommVault Systems, Inc. will post 2.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Scotiabank increased their price target on shares of CommVault Systems from $105.00 to $110.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 29th. Jefferies Financial Group assumed coverage on shares of CommVault Systems in a research note on Monday, April 27th. They issued a “hold” rating and a $105.00 price target for the company. KeyCorp increased their price target on shares of CommVault Systems from $108.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Wolfe Research assumed coverage on shares of CommVault Systems in a research note on Friday, May 1st. They issued a “peer perform” rating for the company. Finally, Zacks Research cut shares of 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 given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $135.00.

Institutional Trading of CommVault Systems

Large investors have recently added to or reduced their stakes in the company. State of Wyoming bought a new position in shares of CommVault Systems in the second quarter valued at about $35,000. FNY Investment Advisers LLC bought a new position in shares of CommVault Systems in the fourth quarter valued at about $36,000. Banque Cantonale Vaudoise bought a new position in shares of CommVault Systems in the third quarter valued at about $39,000. Assetmark Inc. raised its position in shares of CommVault Systems by 33.6% in the fourth quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock valued at $41,000 after purchasing an additional 82 shares during the period. Finally, Cullen Frost Bankers Inc. raised its position in shares of CommVault Systems by 43.8% in the third quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock valued at $46,000 after purchasing an additional 74 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

CommVault Systems News Summary

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

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.