CommVault Systems (NASDAQ:CVLT) CFO Sells $184,640.40 in Stock

CommVault Systems, Inc. (NASDAQ:CVLT) CFO Gary Merrill sold 1,293 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $142.80, for a total transaction of $184,640.40. Following the sale, the chief financial officer directly owned 69,628 shares in the company, valued at $9,942,878.40. The trade was a 1.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 Tuesday, August 18th, Gary Merrill sold 1,854 shares of CommVault Systems stock. The stock was sold at an average price of $143.64, for a total transaction of $266,308.56.
• 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 stock was sold at an average price of $107.39, for a total value of $405,612.03.

CommVault Systems Stock Down 3.8%

Shares of CommVault Systems stock traded down $5.49 during midday trading on Wednesday, hitting $137.32. The company had a trading volume of 449,257 shares, compared to its average volume of 935,905. 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 stock has a market capitalization of $5.69 billion, a P/E ratio of 87.46 and a beta of 0.81. The company has a 50 day moving average of $138.16 and a 200 day moving average of $108.64. CommVault Systems, Inc. has a 52-week low of $71.75 and a 52-week high of $198.18.

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

Analysts Set New Price Targets

Several analysts recently commented on the stock. Wall Street Zen downgraded shares of CommVault Systems from a “buy” rating to a “hold” rating in a research report on Saturday. Truist Financial lifted their target price on shares of CommVault Systems from $155.00 to $182.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Jefferies Financial Group reiterated a “hold” rating and issued a $130.00 target price on shares of CommVault Systems in a research note on Wednesday, July 29th. Oppenheimer raised their price target on shares of CommVault Systems from $150.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Finally, UBS Group restated a “neutral” rating on shares of CommVault Systems in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $152.47.

Key Stories Impacting CommVault Systems

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

Hedge Funds Weigh In On CommVault Systems

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Boston Trust Walden Corp purchased a new position in shares of CommVault Systems during the fourth quarter valued at approximately $30,830,000. Intech Investment Management LLC boosted 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 worth $10,860,000 after purchasing an additional 29,796 shares during the last quarter. Epoch Investment Partners Inc. bought a new stake in CommVault Systems in the 4th quarter worth approximately $27,278,000. Madison Asset Management LLC grew its position in CommVault Systems by 39.7% in 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 period. Finally, BNP Paribas Financial Markets raised its stake 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 valued at $40,174,000 after buying an additional 257,729 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

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.