Commvault Systems Inc. (NASDAQ:CVLT) SVP Ronald L. Miiller sold 21,152 shares of the firm’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $52.92, for a total value of $1,119,363.84. Following the transaction, the senior vice president now directly owns 127,120 shares of the company’s stock, valued at approximately $6,727,190.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Commvault Systems Inc. (NASDAQ:CVLT) opened at 53.65 on Monday. The stock’s 50 day moving average price is $53.38 and its 200-day moving average price is $49.03. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 311.92 and a beta of 1.48. Commvault Systems Inc. has a 12 month low of $29.41 and a 12 month high of $56.29.

Commvault Systems (NASDAQ:CVLT) last announced its earnings results on Tuesday, October 25th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.05. Commvault Systems had a net margin of 1.29% and a return on equity of 0.60%. The company had revenue of $159.30 million for the quarter, compared to the consensus estimate of $152.90 million. During the same period in the previous year, the business earned $0.15 EPS. The company’s revenue was up 13.2% on a year-over-year basis. Equities analysts forecast that Commvault Systems Inc. will post $0.99 earnings per share for the current fiscal year.

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

Hedge funds have recently made changes to their positions in the stock. KCG Holdings Inc. increased its stake in shares of Commvault Systems by 42.5% in the third quarter. KCG Holdings Inc. now owns 17,463 shares of the company’s stock valued at $928,000 after buying an additional 5,207 shares during the period. Piermont Capital Management Inc. increased its stake in shares of Commvault Systems by 9.5% in the third quarter. Piermont Capital Management Inc. now owns 27,625 shares of the company’s stock valued at $1,468,000 after buying an additional 2,390 shares during the period. Profund Advisors LLC increased its stake in shares of Commvault Systems by 0.3% in the third quarter. Profund Advisors LLC now owns 7,238 shares of the company’s stock valued at $385,000 after buying an additional 23 shares during the period. Principal Financial Group Inc. increased its stake in shares of Commvault Systems by 7.9% in the third quarter. Principal Financial Group Inc. now owns 168,754 shares of the company’s stock valued at $8,966,000 after buying an additional 12,341 shares during the period. Finally, Dorsey & Whitney Trust CO LLC purchased a new stake in shares of Commvault Systems during the third quarter valued at about $265,000. 91.35% of the stock is currently owned by institutional investors.

Several equities research analysts have recently issued reports on the company. Pacific Crest raised their price objective on Commvault Systems from $49.00 to $53.00 and gave the stock an “overweight” rating in a report on Wednesday, July 27th. Zacks Investment Research cut Commvault Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 27th. Mizuho raised their price objective on Commvault Systems from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Tuesday, July 26th. RBC Capital Markets restated a “hold” rating and set a $58.00 price objective (up previously from $54.00) on shares of Commvault Systems in a report on Wednesday, October 26th. Finally, Royal Bank Of Canada raised their price objective on Commvault Systems from $47.00 to $54.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 27th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $54.92.

Commvault Systems Company Profile

5 Day Chart for NASDAQ:CVLT

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