Commvault Systems Inc. (NASDAQ:CVLT) insider Gary Merrill sold 3,525 shares of the business’s stock in a transaction on Friday, November 25th. The stock was sold at an average price of $55.40, for a total value of $195,285.00. Following the completion of the sale, the insider now directly owns 33,455 shares in the company, valued at $1,853,407. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Commvault Systems Inc. (NASDAQ:CVLT) opened at 54.60 on Wednesday. Commvault Systems Inc. has a 52-week low of $29.41 and a 52-week high of $57.25. The company’s 50 day moving average price is $53.82 and its 200 day moving average price is $50.01. The stock has a market cap of $2.47 billion, a PE ratio of 317.44 and a beta of 1.48.

Commvault Systems (NASDAQ:CVLT) last announced its earnings results on Tuesday, October 25th. The company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.05. Commvault Systems had a return on equity of 0.60% and a net margin of 1.29%. The firm 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 firm’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, analysts anticipate that Commvault Systems Inc. will post $0.99 earnings per share for the current year.

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

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Hedge funds and other institutional investors have recently made changes to their positions in the company. RS Investment Management Co. LLC increased its position in shares of Commvault Systems by 20.7% in the second quarter. RS Investment Management Co. LLC now owns 1,650,622 shares of the company’s stock valued at $71,290,000 after buying an additional 282,705 shares during the period. Princeton Alpha Management LP purchased a new stake in shares of Commvault Systems during the second quarter worth approximately $334,000. Cortina Asset Management LLC boosted its stake in shares of Commvault Systems by 15.4% in the second quarter. Cortina Asset Management LLC now owns 453,589 shares of the company’s stock worth $19,591,000 after buying an additional 60,635 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Commvault Systems by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 6,047 shares of the company’s stock worth $261,000 after buying an additional 731 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in shares of Commvault Systems during the second quarter worth approximately $8,231,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

CVLT has been the topic of a number of research analyst reports. Mizuho upped 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 upped 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 downgraded Commvault Systems from a “buy” rating to a “hold” rating in a report on Monday, November 7th. JMP Securities reaffirmed a “buy” rating on shares of Commvault Systems in a report on Wednesday, August 31st. Finally, KeyCorp upped their price target on Commvault Systems from $53.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, October 6th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $54.92.

Commvault Systems Company Profile

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