Insider Selling: CommVault Systems, Inc. (CVLT) Insider Sells 7,260 Shares of Stock
CommVault Systems, Inc. (NASDAQ:CVLT) insider Gary Merrill sold 7,260 shares of the stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $62.28, for a total value of $452,152.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Gary Merrill also recently made the following trade(s):
- On Tuesday, August 15th, Gary Merrill sold 3,072 shares of CommVault Systems stock. The stock was sold at an average price of $59.01, for a total value of $181,278.72.
CommVault Systems, Inc. (NASDAQ CVLT) traded down 0.16% on Wednesday, hitting $62.30. The company had a trading volume of 201,320 shares. The stock’s 50-day moving average price is $60.88 and its 200 day moving average price is $57.21. CommVault Systems, Inc. has a one year low of $47.61 and a one year high of $64.60. The company has a market capitalization of $2.84 billion, a P/E ratio of 1092.98 and a beta of 1.40.
CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, July 25th. The software maker reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. CommVault Systems had a return on equity of 0.30% and a net margin of 0.35%. The business had revenue of $165.97 million for the quarter, compared to the consensus estimate of $159.92 million. During the same period in the prior year, the business earned $0.21 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts expect that CommVault Systems, Inc. will post $1.22 EPS for the current fiscal year.
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Hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in CommVault Systems by 11.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,904 shares of the software maker’s stock worth $107,000 after buying an additional 203 shares during the period. US Bancorp DE raised its stake in CommVault Systems by 47.0% during the 2nd quarter. US Bancorp DE now owns 2,102 shares of the software maker’s stock worth $119,000 after buying an additional 672 shares during the period. Riverhead Capital Management LLC raised its stake in CommVault Systems by 70.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,563 shares of the software maker’s stock worth $145,000 after buying an additional 1,063 shares during the period. Pacad Investment Ltd. raised its stake in CommVault Systems by 88.9% during the 2nd quarter. Pacad Investment Ltd. now owns 3,400 shares of the software maker’s stock worth $192,000 after buying an additional 1,600 shares during the period. Finally, Trexquant Investment LP acquired a new position in CommVault Systems during the 2nd quarter worth approximately $215,000. 88.45% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have issued reports on the company. Jefferies Group LLC increased their price target on CommVault Systems from $67.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, July 25th. Lake Street Capital increased their price target on CommVault Systems from $63.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, July 26th. Stifel Nicolaus restated a “buy” rating and issued a $75.00 price target (up from $68.00) on shares of CommVault Systems in a report on Wednesday, July 26th. Royal Bank Of Canada restated a “hold” rating on shares of CommVault Systems in a report on Monday. Finally, Mitsubishi UFJ Financial Group set a $70.00 price target on CommVault Systems and gave the stock a “buy” rating in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. CommVault Systems currently has a consensus rating of “Buy” and an average price target of $70.67.
About CommVault Systems
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