CommVault Systems (NASDAQ:CVLT) CAO Sells $10,846.39 in Stock

CommVault Systems, Inc. (NASDAQ:CVLTGet Free Report) CAO Danielle Nicole Abrahamsen sold 101 shares of CommVault Systems stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $107.39, for a total transaction of $10,846.39. Following the sale, the chief accounting officer owned 13,443 shares in the company, valued at approximately $1,443,643.77. This represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 Tuesday, May 26th, Danielle Nicole Abrahamsen sold 277 shares of CommVault Systems stock. The shares were sold at an average price of $106.70, for a total transaction of $29,555.90.
  • 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 transaction of $36,182.45.
  • 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 transaction 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 transaction of $96,681.00.

CommVault Systems Stock Performance

Shares of NASDAQ CVLT traded up $0.84 during midday trading on Tuesday, reaching $108.09. 394,000 shares of the company traded hands, compared to its average volume of 1,037,406. CommVault Systems, Inc. has a 52 week low of $71.75 and a 52 week high of $200.68. The stock has a 50-day moving average price of $90.96 and a 200 day moving average price of $103.79. The company has a debt-to-equity ratio of 117.54, a current ratio of 1.95 and a quick ratio of 1.95. The company has a market cap of $4.46 billion, a price-to-earnings ratio of 67.98 and a beta of 0.77.

CommVault Systems (NASDAQ:CVLTGet Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The software maker reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.19. CommVault Systems had a net margin of 5.97% and a return on equity of 51.64%. The business had revenue of $311.69 million for the quarter, compared to analysts’ expectations of $306.71 million. During the same period in the previous year, the business earned $1.03 earnings per share. The company’s revenue was up 13.3% on a year-over-year basis. Sell-side analysts anticipate that CommVault Systems, Inc. will post 2.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. 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. Royal Bank Of Canada lifted their target price on CommVault Systems from $100.00 to $110.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 29th. Stephens lowered their target price on CommVault Systems from $162.00 to $135.00 and set an “overweight” rating on the stock in a report on Wednesday, January 28th. Guggenheim lowered their target price on CommVault Systems from $200.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Finally, Wall Street Zen lowered CommVault Systems from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.00.

Get Our Latest Stock Analysis on CommVault Systems

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CVLT. Tudor Investment Corp ET AL acquired a new position in CommVault Systems during the third quarter worth about $1,887,800,000. First Trust Advisors LP increased its stake in CommVault Systems by 1,335.8% in the 3rd quarter. First Trust Advisors LP now owns 1,224,856 shares of the software maker’s stock worth $231,228,000 after purchasing an additional 1,139,547 shares in the last quarter. M&T Bank Corp increased its stake in CommVault Systems by 22,133.9% in the 4th quarter. M&T Bank Corp now owns 610,098 shares of the software maker’s stock worth $76,482,000 after purchasing an additional 607,354 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in CommVault Systems by 135.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 786,175 shares of the software maker’s stock worth $148,414,000 after purchasing an additional 452,422 shares in the last quarter. Finally, TD Asset Management Inc increased its stake in CommVault Systems by 14,047.5% in the 4th quarter. TD Asset Management Inc now owns 381,982 shares of the software maker’s stock worth $47,885,000 after purchasing an additional 379,282 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

CommVault Systems News Roundup

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

CommVault Systems Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for CommVault Systems (NASDAQ:CVLT)

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