CommVault Systems (NASDAQ:CVLT) CAO Danielle Nicole Abrahamsen Sells 1,065 Shares of Stock

CommVault Systems, Inc. (NASDAQ:CVLT) CAO Danielle Nicole Abrahamsen sold 1,065 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $105.84, for a total value of $112,719.60. Following the transaction, the chief accounting officer directly owned 13,581 shares of the company’s stock, valued at approximately $1,437,413.04. The trade was a 7.27% decrease in their ownership of the stock. 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.

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

• On Wednesday, May 20th, Danielle Nicole Abrahamsen sold 365 shares of CommVault Systems stock. The shares were sold at an average price of $99.13, for a total value of $36,182.45.
• On Monday, May 18th, Danielle Nicole Abrahamsen sold 925 shares of CommVault Systems stock. The shares were sold at an average price of $104.52, for a total value of $96,681.00.

CommVault Systems Price Performance

Shares of CommVault Systems stock opened at $106.00 on Friday. The stock has a 50 day moving average of $89.91 and a 200 day moving average of $104.23. CommVault Systems, Inc. has a 12 month low of $71.75 and a 12 month high of $200.68. The firm has a market cap of $4.37 billion, a PE ratio of 66.67 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 quarterly earnings results on Tuesday, April 28th. The software maker reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.19. CommVault Systems had a return on equity of 51.64% and a net margin of 5.97%.The company had revenue of $311.69 million during the quarter, compared to analyst estimates of $306.71 million. During the same period in the prior year, the company earned $1.03 earnings per share. The firm’s revenue was up 13.3% on a year-over-year basis. On average, research analysts expect that CommVault Systems, Inc. will post 2.86 EPS for the current fiscal year.

Key CommVault Systems News

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

• Positive Sentiment: Commvault’s recent quarterly results were strong, with EPS and revenue both beating expectations and revenue rising 13.3% year over year, which can support the stock over time.
• Neutral Sentiment: Several insider sales by the CEO, CFO, and CAO were disclosed, but the company said they were made under pre-arranged 10b5-1 plans and largely to cover tax withholding obligations related to equity awards.
• Negative Sentiment: Multiple law firms issued class action notices and deadline reminders alleging Commvault may have made false or misleading statements to investors, keeping legal risk in focus for Article Title
• Negative Sentiment: One lawsuit notice specifically tied the case to ARR growth problems and a prior sharp share-price decline, reinforcing concerns that guidance and growth expectations may have been too optimistic.

Analyst Ratings Changes

CVLT has been the topic of a number of recent research reports. Cantor Fitzgerald decreased their price objective on CommVault Systems from $144.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 28th. KeyCorp upped their price objective on CommVault Systems from $108.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Guggenheim decreased their price objective on CommVault Systems from $200.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. Jefferies Financial Group began coverage on CommVault Systems in a research report on Monday, April 27th. They set a “hold” rating and a $105.00 price objective on the stock. Finally, Loop Capital began coverage on CommVault Systems in a report on Tuesday, March 24th. They issued a “buy” rating and a $125.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, CommVault Systems presently has an average rating of “Moderate Buy” and a consensus target price of $135.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Boston Trust Walden Corp bought a new stake in CommVault Systems during the 4th quarter valued at $30,830,000. Federated Hermes Inc. boosted its position in CommVault Systems by 9.7% during the 3rd quarter. Federated Hermes Inc. now owns 322,053 shares of the software maker’s stock valued at $60,797,000 after acquiring an additional 28,596 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of CommVault Systems by 131.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 382,778 shares of the software maker’s stock worth $72,261,000 after purchasing an additional 217,557 shares in the last quarter. Emerald Advisers LLC boosted its position in shares of CommVault Systems by 47.4% in the 3rd quarter. Emerald Advisers LLC now owns 156,894 shares of the software maker’s stock worth $29,618,000 after purchasing an additional 50,470 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of CommVault Systems by 19.4% in the 3rd quarter. Victory Capital Management Inc. now owns 118,284 shares of the software maker’s stock worth $22,330,000 after purchasing an additional 19,218 shares in 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.