Gary Merrill Sells 2,674 Shares of CommVault Systems (NASDAQ:CVLT) Stock

CommVault Systems, Inc. (NASDAQ:CVLT) insider Gary Merrill sold 2,674 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $123.58, for a total value of $330,452.92. Following the sale, the insider directly owned 69,163 shares of the company’s stock, valued at approximately $8,547,163.54. This represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, November 19th, Gary Merrill sold 1,845 shares of CommVault Systems stock. The stock was sold at an average price of $122.40, for a total value of $225,828.00.
• On Friday, September 12th, Gary Merrill sold 15,244 shares of CommVault Systems stock. The stock was sold at an average price of $178.01, for a total value of $2,713,584.44.

CommVault Systems Stock Performance

Shares of CVLT opened at $119.76 on Friday. CommVault Systems, Inc. has a one year low of $116.33 and a one year high of $200.68. The company has a 50-day moving average of $161.42 and a two-hundred day moving average of $172.62. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 67.28 and a beta of 0.68. The company has a debt-to-equity ratio of 4.18, a current ratio of 2.53 and a quick ratio of 1.24.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings results on Tuesday, October 28th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.04). CommVault Systems had a net margin of 7.32% and a return on equity of 31.53%. The firm had revenue of $448.85 million for the quarter, compared to analyst estimates of $273.31 million. During the same quarter in the prior year, the firm earned $0.83 EPS. The firm’s revenue was up 18.4% compared to the same quarter last year. CommVault Systems has set its Q3 2026 guidance at EPS. FY 2026 guidance at EPS. On average, equities research analysts expect that CommVault Systems, Inc. will post 1.65 earnings per share for the current year.

Institutional Investors Weigh In On CommVault Systems

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in CommVault Systems by 2.1% during the third quarter. Vanguard Group Inc. now owns 5,435,497 shares of the software maker’s stock valued at $1,026,113,000 after acquiring an additional 112,008 shares in the last quarter. Invesco Ltd. grew its position in CommVault Systems by 7.1% in the first quarter. Invesco Ltd. now owns 1,777,307 shares of the software maker’s stock worth $280,388,000 after acquiring an additional 117,199 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of CommVault Systems by 2.9% during the 1st quarter. Acadian Asset Management LLC now owns 1,505,357 shares of the software maker’s stock worth $237,454,000 after purchasing an additional 43,075 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of CommVault Systems by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,337,403 shares of the software maker’s stock valued at $233,172,000 after purchasing an additional 26,207 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of CommVault Systems by 1,335.8% during the 3rd quarter. First Trust Advisors LP now owns 1,224,856 shares of the software maker’s stock valued at $231,228,000 after purchasing an additional 1,139,547 shares in the last quarter. Institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CVLT shares. Cantor Fitzgerald decreased their target price on CommVault Systems from $189.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. DA Davidson reissued a “buy” rating and issued a $220.00 price objective on shares of CommVault Systems in a research note on Thursday, November 13th. Guggenheim reaffirmed a “buy” rating and set a $220.00 target price on shares of CommVault Systems in a research note on Thursday, October 16th. Truist Financial dropped their target price on CommVault Systems from $230.00 to $210.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Finally, Oppenheimer started coverage on shares of CommVault Systems in a report on Monday, November 10th. They set an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, CommVault Systems has a consensus rating of “Moderate Buy” and an average price target of $195.10.

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.