CommVault Systems (NASDAQ:CVLT) CAO Danielle Nicole Abrahamsen Sells 365 Shares

CommVault Systems, Inc. (NASDAQ:CVLT) CAO Danielle Nicole Abrahamsen sold 365 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $99.13, for a total value of $36,182.45. Following the completion of the sale, the chief accounting officer directly owned 13,216 shares of the company’s stock, valued at $1,310,102.08. This represents a 2.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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.

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

• On Tuesday, May 19th, Danielle Nicole Abrahamsen sold 1,065 shares of CommVault Systems stock. The shares were sold at an average price of $105.84, for a total value of $112,719.60.
• 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 Stock Up 1.4%

CVLT opened at $106.00 on Friday. The firm has a market cap of $4.37 billion, a P/E ratio of 66.67 and a beta of 0.77. The company has a debt-to-equity ratio of 117.54, a quick ratio of 1.95 and a current ratio of 1.95. The business has a 50 day moving average price of $89.91 and a 200 day moving average price of $104.23. CommVault Systems, Inc. has a twelve month low of $71.75 and a twelve month high of $200.68.

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 the consensus estimate 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 for the quarter, compared to the consensus estimate of $306.71 million. During the same quarter last year, the company posted $1.03 earnings per share. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. Research analysts forecast that CommVault Systems, Inc. will post 2.86 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. State of Wyoming acquired a new stake in CommVault Systems during the second quarter worth about $35,000. Banque Cantonale Vaudoise acquired a new position in CommVault Systems in the 3rd quarter valued at approximately $39,000. Cullen Frost Bankers Inc. raised its holdings in CommVault Systems by 43.8% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock valued at $46,000 after acquiring an additional 74 shares in the last quarter. Assetmark Inc. lifted its position in shares of CommVault Systems by 2,950.0% in the 3rd quarter. Assetmark Inc. now owns 244 shares of the software maker’s stock worth $46,000 after acquiring an additional 236 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in shares of CommVault Systems during the 3rd quarter worth approximately $47,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CVLT shares. Zacks Research cut shares of CommVault Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Wolfe Research began coverage on CommVault Systems in a research note on Friday, May 1st. They issued a “peer perform” rating on the stock. Royal Bank Of Canada increased their target price on CommVault Systems from $100.00 to $110.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 29th. Cantor Fitzgerald lowered their target price on CommVault Systems from $144.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, January 28th. Finally, Oppenheimer dropped their price target on CommVault Systems from $180.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 28th. One research 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’s stock. According to data from MarketBeat.com, CommVault Systems presently has an average rating of “Moderate Buy” and an average price target of $135.00.

CommVault Systems News Summary

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.

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.