Commvault Systems, Inc. (NASDAQ:CVLT) CFO Gary Merrill Sells 6,040 Shares of Stock

Commvault Systems, Inc. (NASDAQ:CVLTGet Free Report) CFO Gary Merrill sold 6,040 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $110.20, for a total transaction of $665,608.00. Following the completion of the transaction, the chief financial officer now owns 128,207 shares in the company, valued at approximately $14,128,411.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Gary Merrill also recently made the following trade(s):

  • On Monday, March 4th, Gary Merrill sold 822 shares of Commvault Systems stock. The shares were sold at an average price of $97.25, for a total transaction of $79,939.50.

Commvault Systems Stock Up 0.5 %

CVLT opened at $111.24 on Friday. The stock has a market cap of $4.83 billion, a PE ratio of 29.59 and a beta of 0.64. The business has a 50 day moving average of $100.82 and a 200-day moving average of $87.74. Commvault Systems, Inc. has a 52 week low of $63.70 and a 52 week high of $113.37.

Institutional Trading of Commvault Systems

A number of hedge funds have recently modified their holdings of the business. Headlands Technologies LLC purchased a new position in Commvault Systems during the 4th quarter valued at about $67,000. Daiwa Securities Group Inc. increased its stake in shares of Commvault Systems by 700.0% during the first quarter. Daiwa Securities Group Inc. now owns 800 shares of the software maker’s stock valued at $81,000 after purchasing an additional 700 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Commvault Systems by 28.5% during the third quarter. PNC Financial Services Group Inc. now owns 1,429 shares of the software maker’s stock valued at $97,000 after purchasing an additional 317 shares during the last quarter. EntryPoint Capital LLC boosted its position in shares of Commvault Systems by 123.9% in the 1st quarter. EntryPoint Capital LLC now owns 1,263 shares of the software maker’s stock worth $128,000 after purchasing an additional 699 shares in the last quarter. Finally, Ulland Investment Advisors LLC purchased a new stake in shares of Commvault Systems in the 1st quarter worth approximately $180,000. Institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Commvault Systems from $125.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday. Royal Bank of Canada increased their price objective on Commvault Systems from $97.00 to $112.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 1st. DA Davidson boosted their target price on Commvault Systems from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. KeyCorp upped their target price on Commvault Systems from $109.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Finally, Lake Street Capital lifted their price target on shares of Commvault Systems from $86.00 to $98.00 and gave the company a “hold” rating in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $119.40.

Get Our Latest Report on CVLT

Commvault Systems Company Profile

(Get Free Report)

Commvault Systems, Inc provides data protection platform that helps customers to secure, defend, and recover their data in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls.

See Also

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

Receive News & Ratings for Commvault Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commvault Systems and related companies with MarketBeat.com's FREE daily email newsletter.