CommVault Systems (NASDAQ:CVLT) CAO Sells $69,400.80 in Stock

CommVault Systems, Inc. (NASDAQ:CVLT) CAO Danielle Nicole Abrahamsen sold 486 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $142.80, for a total transaction of $69,400.80. Following the completion of the transaction, the chief accounting officer owned 12,160 shares of the company’s stock, valued at $1,736,448. The trade was a 3.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through 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.

Danielle Nicole Abrahamsen also recently made the following trade(s):

• On Tuesday, August 18th, Danielle Nicole Abrahamsen sold 391 shares of CommVault Systems stock. The stock was sold at an average price of $143.64, for a total transaction of $56,163.24.
• On Monday, August 17th, Danielle Nicole Abrahamsen sold 119 shares of CommVault Systems stock. The shares were sold at an average price of $143.98, for a total transaction of $17,133.62.
• On Thursday, July 2nd, Danielle Nicole Abrahamsen sold 254 shares of CommVault Systems stock. The shares were sold at an average price of $150.00, for a total transaction of $38,100.00.
• On Tuesday, May 26th, Danielle Nicole Abrahamsen sold 277 shares of CommVault Systems stock. The stock was sold at an average price of $106.70, for a total value of $29,555.90.
• On Friday, May 22nd, Danielle Nicole Abrahamsen sold 101 shares of CommVault Systems stock. The shares were sold at an average price of $107.39, for a total value of $10,846.39.

CommVault Systems Price Performance

Shares of CVLT traded down $5.49 during midday trading on Wednesday, hitting $137.32. The company’s stock had a trading volume of 449,257 shares, compared to its average volume of 935,905. CommVault Systems, Inc. has a one year low of $71.75 and a one year high of $198.18. The company’s fifty day simple moving average is $138.16 and its two-hundred day simple moving average is $108.64. 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 stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 87.46 and a beta of 0.81.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CVLT shares. Wall Street Zen lowered shares of CommVault Systems from a “buy” rating to a “hold” rating in a report on Saturday. Stephens increased their price objective on shares of CommVault Systems from $135.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, June 16th. Truist Financial raised their target price on shares of CommVault Systems from $155.00 to $182.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. UBS Group reaffirmed a “neutral” rating on shares of CommVault Systems in a research note on Monday, July 27th. Finally, KeyCorp upped their price target on shares of CommVault Systems from $125.00 to $175.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, CommVault Systems currently has a consensus rating of “Moderate Buy” and an average price target of $152.47.

Institutional Investors Weigh In On CommVault Systems

A number of institutional investors have recently added to or reduced their stakes in CVLT. Boston Trust Walden Corp bought a new position in shares of CommVault Systems during the fourth quarter valued at $30,830,000. Intech Investment Management LLC increased 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 period. Epoch Investment Partners Inc. acquired a new stake in CommVault Systems in the fourth quarter valued at $27,278,000. Madison Asset Management LLC raised its position in CommVault Systems by 39.7% during the 1st quarter. Madison Asset Management LLC now owns 33,459 shares of the software maker’s stock worth $2,606,000 after purchasing an additional 9,512 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in 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 purchasing an additional 257,729 shares during the last quarter. 93.50% of the stock is owned by institutional investors.

Key CommVault Systems News

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

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.