CommVault Systems (NASDAQ:CVLT) CFO Gary Merrill Sells 1,854 Shares of Stock

CommVault Systems, Inc. (NASDAQ:CVLT) CFO Gary Merrill sold 1,854 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $143.64, for a total transaction of $266,308.56. Following the transaction, the chief financial officer owned 70,921 shares in the company, valued at approximately $10,187,092.44. The trade was a 2.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Wednesday, August 19th, Gary Merrill sold 1,293 shares of CommVault Systems stock. The shares were sold at an average price of $142.80, for a total transaction of $184,640.40.
• On Tuesday, May 26th, Gary Merrill sold 4,554 shares of CommVault Systems stock. The stock was sold at an average price of $106.70, for a total transaction of $485,911.80.
• On Friday, May 22nd, Gary Merrill sold 3,777 shares of CommVault Systems stock. The shares were sold at an average price of $107.39, for a total transaction of $405,612.03.

CommVault Systems Trading Down 3.8%

Shares of NASDAQ:CVLT opened at $137.32 on Thursday. CommVault Systems, Inc. has a 52-week low of $71.75 and a 52-week high of $198.18. The company has a debt-to-equity ratio of 16.94, a quick ratio of 2.04 and a current ratio of 2.04. The company has a market capitalization of $5.69 billion, a P/E ratio of 87.46 and a beta of 0.81. The company has a 50-day simple moving average of $138.40 and a 200 day simple moving average of $108.99.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Tuesday, July 28th. The software maker reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.26. The firm had revenue of $314.13 million for the quarter, compared to the consensus estimate of $310.43 million. CommVault Systems had a return on equity of 88.75% and a net margin of 5.62%.The business’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.01 earnings per share. Sell-side analysts forecast that CommVault Systems, Inc. will post 2.84 earnings per share for the current year.

More CommVault Systems News

Here are the key news stories impacting CommVault Systems this week:

• Positive Sentiment: Analysts assigned Commvault a consensus rating of “Moderate Buy,” providing support for the stock despite its elevated valuation and recent trading below its 50-day moving average. CommVault Systems Given Consensus Rating of Moderate Buy by Analysts
• Positive Sentiment: Commvault expanded its Cloud Rewind product to cover more Microsoft Azure resources, improving configuration protection and recovery for cloud-native and AI-driven applications after cyberattacks or outages. The move reinforces the company’s cloud-resilience and cybersecurity positioning, though the release did not disclose financial guidance or new contract values. Commvault Advances AI and Cloud Application Resilience with Expanded Cloud Rewind Coverage
• Neutral Sentiment: CEO Sanjay Mirchandani, CFO Gary Merrill and Chief Accounting Officer Danielle Abrahamsen collectively sold roughly 28,277 shares worth about $4.1 million between August 17 and August 19. All reported transactions were executed under Rule 10b5-1 plans and were specifically intended to cover tax withholding tied to vested equity awards. The sales can create short-term sentiment pressure, but their planned, tax-related nature makes them a weaker bearish signal. Commvault CFO Gary Merrill Reports Two Common Stock Sales Commvault CFO Danielle Abrahamsen Executes Three Stock Sales
• Negative Sentiment: Bernstein Liebhard announced an investigation into potential fiduciary-duty breaches by Commvault directors and officers. The announcement does not establish wrongdoing, but it introduces legal and governance uncertainty that may weigh on investor sentiment. Commvault Shareholder Investigation Alert

Institutional Trading of CommVault Systems

A number of hedge funds have recently added to or reduced their stakes in CVLT. Transamerica Financial Advisors LLC bought a new stake in shares of CommVault Systems during the second quarter worth $25,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of CommVault Systems during the 2nd quarter valued at $27,000. Silvant Capital Management LLC acquired a new stake in shares of CommVault Systems during the 2nd quarter valued at $30,000. State of Wyoming bought a new stake in CommVault Systems during the 2nd quarter worth $35,000. Finally, Essential Partners LLC raised its position in CommVault Systems by 9,920.0% in the first quarter. Essential Partners LLC now owns 501 shares of the software maker’s stock valued at $39,000 after purchasing an additional 496 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analysts Set New Price Targets

CVLT has been the subject of a number of research analyst reports. Truist Financial lifted their price objective on shares of CommVault Systems from $155.00 to $182.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Jefferies Financial Group reiterated a “hold” rating and issued a $130.00 price objective on shares of CommVault Systems in a research note on Wednesday, July 29th. Scotiabank restated a “sector perform” rating and issued a $130.00 price target on shares of CommVault Systems in a research report on Wednesday, July 29th. DA Davidson set a $175.00 price target on CommVault Systems in a research note on Wednesday, July 29th. Finally, Wall Street Zen cut shares of CommVault Systems from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $152.47.

CommVault Systems Company Profile

Commvault Systems, Inc is a global provider of data protection and information management software designed to help organizations manage, protect, and activate data across on-premises and cloud environments. Founded in 1996 and headquartered in Tinton Falls, New Jersey, Commvault offers a suite of integrated products and services that enable enterprises to back up, recover, archive, and analyze data. Its flagship solutions include Commvault Complete Data Protection, Commvault HyperScale, and the SaaS-based Metallic portfolio, which deliver scalable and automated data management capabilities across hybrid infrastructure environments.

Commvault’s platform is built on a unified architecture that allows customers to streamline operations, reduce complexity, and ensure data resiliency.