CommVault Systems (NASDAQ:CVLT) Insider Gary Merrill Sells 15,244 Shares of Stock

CommVault Systems, Inc. (NASDAQ:CVLT) insider Gary Merrill sold 15,244 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $178.01, for a total value of $2,713,584.44. Following the transaction, the insider directly owned 71,837 shares in the company, valued at approximately $12,787,704.37. This represents a 17.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Monday, August 18th, Gary Merrill sold 2,628 shares of CommVault Systems stock. The stock was sold at an average price of $178.03, for a total value of $467,862.84.

CommVault Systems Stock Performance

NASDAQ:CVLT opened at $189.67 on Wednesday. The stock’s fifty day moving average price is $179.11 and its two-hundred day moving average price is $171.89. CommVault Systems, Inc. has a 52-week low of $128.07 and a 52-week high of $200.68. The company has a market cap of $8.43 billion, a price-to-earnings ratio of 105.37 and a beta of 0.74.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings data on Tuesday, July 29th. The software maker reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.04. CommVault Systems had a return on equity of 30.83% and a net margin of 7.70%.The firm had revenue of $281.98 million for the quarter, compared to the consensus estimate of $267.83 million. The company’s quarterly revenue was up 26% on a year-over-year basis. CommVault Systems has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, equities analysts predict that CommVault Systems, Inc. will post 1.65 EPS for the current fiscal year.

Hedge Funds Weigh In On CommVault Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Orion Porfolio Solutions LLC bought a new position in CommVault Systems during the second quarter worth about $229,000. B. Riley Wealth Advisors Inc. bought a new position in CommVault Systems during the second quarter worth about $632,000. State of Wyoming bought a new position in CommVault Systems during the second quarter worth about $35,000. Caxton Associates LLP grew its holdings in CommVault Systems by 24.5% during the second quarter. Caxton Associates LLP now owns 10,146 shares of the software maker’s stock worth $1,769,000 after purchasing an additional 1,995 shares during the period. Finally, CANADA LIFE ASSURANCE Co grew its holdings in CommVault Systems by 1.1% during the second quarter. CANADA LIFE ASSURANCE Co now owns 103,655 shares of the software maker’s stock worth $18,053,000 after purchasing an additional 1,109 shares during the period. Institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on CVLT shares. Wells Fargo & Company upped their price objective on CommVault Systems from $190.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Royal Bank Of Canada increased their price target on CommVault Systems from $185.00 to $217.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 30th. Piper Sandler increased their price target on CommVault Systems from $168.00 to $170.00 and gave the company a “neutral” rating in a research note on Monday, July 14th. DA Davidson increased their price target on CommVault Systems from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Finally, Wall Street Zen raised CommVault Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $205.63.

About CommVault Systems

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.