Commvault Systems Inc. (NASDAQ:CVLT) VP Brian Carolan sold 7,000 shares of Commvault Systems stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $56.40, for a total value of $394,800.00. Following the sale, the vice president now directly owns 87,105 shares in the company, valued at approximately $4,912,722. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Commvault Systems Inc. (NASDAQ:CVLT) opened at 55.60 on Thursday. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 323.26 and a beta of 1.48. The firm’s 50-day moving average price is $53.88 and its 200-day moving average price is $49.76. Commvault Systems Inc. has a 12 month low of $29.41 and a 12 month high of $57.25.

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

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

CVLT has been the subject of several research analyst reports. Mizuho raised their price target on Commvault Systems from $60.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, October 25th. Lake Street Capital raised their price target on Commvault Systems from $48.00 to $53.00 and gave the company a “hold” rating in a report on Wednesday, October 26th. Zacks Investment Research cut Commvault Systems from a “buy” rating to a “hold” rating in a report on Monday, November 7th. Jefferies Group raised their price target on Commvault Systems from $52.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, July 27th. Finally, JMP Securities restated a “buy” rating on shares of Commvault Systems in a report on Wednesday, August 31st. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Commvault Systems currently has an average rating of “Buy” and an average target price of $54.92.

Large investors have recently bought and sold shares of the stock. BlackRock Group LTD raised its stake in Commvault Systems by 27.6% in the first quarter. BlackRock Group LTD now owns 30,657 shares of the company’s stock worth $1,323,000 after buying an additional 6,639 shares during the period. State Street Corp raised its stake in Commvault Systems by 0.7% in the first quarter. State Street Corp now owns 1,390,780 shares of the company’s stock worth $60,040,000 after buying an additional 9,891 shares during the period. Geode Capital Management LLC raised its stake in Commvault Systems by 10.8% in the first quarter. Geode Capital Management LLC now owns 308,665 shares of the company’s stock worth $13,325,000 after buying an additional 30,078 shares during the period. A.R.T. Advisors LLC raised its stake in Commvault Systems by 251.1% in the first quarter. A.R.T. Advisors LLC now owns 22,791 shares of the company’s stock worth $983,000 after buying an additional 16,300 shares during the period. Finally, Metropolitan Life Insurance Co. NY raised its stake in Commvault Systems by 1.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 68,660 shares of the company’s stock worth $2,964,000 after buying an additional 1,290 shares during the period. Institutional investors and hedge funds own 91.37% of the company’s stock.

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About Commvault Systems

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