Insider Selling: 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 business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $143.64, for a total value of $266,308.56. Following the completion of the transaction, the chief financial officer directly 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 stock was sold at an average price of $142.80, for a total value 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 transaction 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 transaction of $405,612.03.

CommVault Systems Stock Performance

CommVault Systems stock traded down $5.49 during trading hours on Wednesday, reaching $137.32. 449,257 shares of the stock were exchanged, compared to its average volume of 935,905. CommVault Systems, Inc. has a 52-week low of $71.75 and a 52-week high of $198.18. The stock has a market cap of $5.69 billion, a P/E ratio of 87.46 and a beta of 0.81. The company has a debt-to-equity ratio of 16.94, a quick ratio of 2.04 and a current ratio of 2.04. The firm’s 50 day moving average is $138.16 and its 200 day moving average is $108.64.

CommVault Systems (NASDAQ:CVLT) last issued its earnings results on Tuesday, July 28th. The software maker reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.26. The business had revenue of $314.13 million for the quarter, compared to the consensus estimate of $310.43 million. CommVault Systems had a net margin of 5.62% and a return on equity of 88.75%. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.01 earnings per share. Analysts predict that CommVault Systems, Inc. will post 2.84 EPS for the current fiscal year.

Institutional Investors Weigh In On CommVault Systems

A number of institutional investors and hedge funds have recently modified their holdings of CVLT. Boston Trust Walden Corp acquired a new position in CommVault Systems during the fourth quarter worth $30,830,000. Intech Investment Management LLC grew its holdings in CommVault Systems by 52.4% in the fourth quarter. Intech Investment Management LLC now owns 86,634 shares of the software maker’s stock valued at $10,860,000 after purchasing an additional 29,796 shares during the last quarter. Epoch Investment Partners Inc. purchased a new position in shares of CommVault Systems in the fourth quarter valued at $27,278,000. Madison Asset Management LLC increased its position in shares of CommVault Systems by 39.7% in the first quarter. Madison Asset Management LLC now owns 33,459 shares of the software maker’s stock valued at $2,606,000 after buying an additional 9,512 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of CommVault Systems by 410.8% during the 4th quarter. BNP Paribas Financial Markets now owns 320,468 shares of the software maker’s stock worth $40,174,000 after buying an additional 257,729 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

CommVault Systems News Roundup

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

• Positive Sentiment: Commvault expanded its Cloud Rewind offering with broader Microsoft Azure resource coverage, aiming to help customers protect and recover cloud-native and AI-driven applications after cyberattacks or outages. The announcement supports the company’s positioning in the growing data resilience, cloud protection and AI infrastructure markets. Commvault Advances AI and Cloud Application Resilience with Expanded Cloud Rewind Coverage
• Positive Sentiment: Analysts assign Commvault a consensus rating of “Moderate Buy,” indicating that overall Wall Street sentiment remains favorable despite recent selling pressure. CommVault Systems Given Consensus Rating of Moderate Buy
• Neutral Sentiment: CEO Sanjay Mirchandani, CFO Gary Merrill and Chief Accounting Officer Danielle Abrahamsen reported sales of company stock during August 17–19. The transactions were executed under pre-arranged Rule 10b5-1 plans and were specifically described as sales to cover tax-withholding obligations from vested equity awards, reducing their significance as a discretionary bearish signal. Executives continue to own substantial positions.
• Negative Sentiment: Bernstein Liebhard announced an investigation into potential breaches of fiduciary duty by certain Commvault directors and officers. The investigation is at an early stage and does not establish wrongdoing, but it introduces legal and governance uncertainty that could weigh on investor sentiment. CommVault Shareholder Investigation Alert

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CVLT. Jefferies Financial Group reissued a “hold” rating and set a $130.00 target price on shares of CommVault Systems in a research note on Wednesday, July 29th. Zacks Research lowered CommVault Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Truist Financial increased their price objective on CommVault Systems from $155.00 to $182.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Oppenheimer raised their target price on CommVault Systems from $150.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Finally, KeyCorp boosted their target price on shares of CommVault Systems from $125.00 to $175.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $152.47.

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.