CommVault Systems (NASDAQ:CVLT) CAO Sells $29,555.90 in Stock

CommVault Systems, Inc. (NASDAQ:CVLTGet Free Report) CAO Danielle Nicole Abrahamsen sold 277 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $106.70, for a total value of $29,555.90. Following the completion of the sale, the chief accounting officer owned 13,166 shares in the company, valued at approximately $1,404,812.20. This represents a 2.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 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.
  • 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 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 Price Performance

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

CommVault Systems (NASDAQ:CVLTGet Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The software maker reported $1.28 earnings per share (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 analysts’ expectations of $306.71 million. During the same period last year, the firm earned $1.03 EPS. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, equities research analysts expect that CommVault Systems, Inc. will post 2.86 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CVLT shares. William Blair reissued a “market perform” rating on shares of CommVault Systems in a research note on Monday, March 23rd. Wolfe Research started coverage on CommVault Systems in a research note on Friday, May 1st. They set a “peer perform” rating for the company. Scotiabank raised their price objective on CommVault Systems from $105.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 29th. Wells Fargo & Company reduced their price objective on CommVault Systems from $190.00 to $155.00 and set an “overweight” rating for the company in a research note on Wednesday, January 28th. Finally, KeyCorp lifted their price objective on shares of CommVault Systems from $108.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $135.00.

Read Our Latest Research Report on CVLT

Institutional Trading of CommVault Systems

Several hedge funds and other institutional investors have recently modified their holdings of the business. Essential Partners LLC boosted its position in shares of CommVault Systems by 9,920.0% in the first quarter. Essential Partners LLC now owns 501 shares of the software maker’s stock worth $39,000 after buying an additional 496 shares during the period. Edgestream Partners L.P. acquired a new stake in shares of CommVault Systems in the first quarter worth $3,769,000. Amundi boosted its position in shares of CommVault Systems by 30.5% in the first quarter. Amundi now owns 40,401 shares of the software maker’s stock worth $3,147,000 after buying an additional 9,454 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of CommVault Systems by 1,810.8% in the first quarter. EverSource Wealth Advisors LLC now owns 1,242 shares of the software maker’s stock worth $97,000 after buying an additional 1,177 shares during the period. Finally, California State Teachers Retirement System boosted its position in CommVault Systems by 23.0% during the first quarter. California State Teachers Retirement System now owns 51,630 shares of the software maker’s stock valued at $4,021,000 after purchasing an additional 9,663 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

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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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