Danielle Nicole Abrahamsen Sells 391 Shares of CommVault Systems (NASDAQ:CVLT) Stock

CommVault Systems, Inc. (NASDAQ:CVLT) CAO Danielle Nicole Abrahamsen sold 391 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $143.64, for a total transaction of $56,163.24. Following the transaction, the chief accounting officer owned 12,646 shares in the company, valued at approximately $1,816,471.44. This trade represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.

Danielle Nicole Abrahamsen also recently made the following trade(s):

• On Wednesday, August 19th, Danielle Nicole Abrahamsen sold 486 shares of CommVault Systems stock. The shares were sold at an average price of $142.80, for a total transaction of $69,400.80.
• On Monday, August 17th, Danielle Nicole Abrahamsen sold 119 shares of CommVault Systems stock. The shares were sold at an average price of $143.98, for a total value of $17,133.62.
• On Thursday, July 2nd, Danielle Nicole Abrahamsen sold 254 shares of CommVault Systems stock. The stock was sold at an average price of $150.00, for a total value of $38,100.00.
• On Tuesday, May 26th, Danielle Nicole Abrahamsen sold 277 shares of CommVault Systems stock. The stock was sold at an average price of $106.70, for a total value of $29,555.90.
• On Friday, May 22nd, Danielle Nicole Abrahamsen sold 101 shares of CommVault Systems stock. The shares were sold at an average price of $107.39, for a total value of $10,846.39.

CommVault Systems Stock Down 4.1%

CommVault Systems stock opened at $131.63 on Friday. The stock’s 50 day moving average price is $138.49 and its 200 day moving average price is $109.32. CommVault Systems, Inc. has a 1-year low of $71.75 and a 1-year high of $198.18. The company has a market cap of $5.45 billion, a PE ratio of 83.84 and a beta of 0.81. The company has a debt-to-equity ratio of 16.94, a current ratio of 2.04 and a quick ratio of 2.04.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings data on Tuesday, July 28th. The software maker reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.26. CommVault Systems had a return on equity of 88.75% and a net margin of 5.62%.The firm had revenue of $314.13 million during the quarter, compared to analysts’ expectations of $310.43 million. During the same quarter in the prior year, the business posted $1.01 earnings per share. CommVault Systems’s revenue was up 11.4% compared to the same quarter last year. On average, sell-side analysts predict that CommVault Systems, Inc. will post 2.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

Analyst Ratings Changes

Several equities research analysts have recently commented on CVLT shares. Weiss Ratings raised CommVault Systems from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 16th. Piper Sandler downgraded CommVault Systems from an “overweight” rating to a “neutral” rating and set a $133.00 price objective for the company. in a research note on Tuesday, July 28th. Wolfe Research assumed coverage on CommVault Systems in a report on Friday, May 1st. They set a “peer perform” rating for the company. UBS Group reiterated a “neutral” rating on shares of CommVault Systems in a research report on Monday, July 27th. Finally, KeyCorp upped their target price on CommVault Systems from $125.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $152.47.

CommVault Systems News Roundup

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

• Positive Sentiment: Analysts maintain a consensus “Moderate Buy” rating, with an average price target of approximately $152.47. Recent targets include $155 from Stephens and $182 from Truist, although Piper Sandler downgraded the stock to neutral with a $133 target. CommVault Systems Given Consensus Rating of Moderate Buy by Analysts
• Positive Sentiment: Commvault’s latest quarterly results remain a supportive backdrop: earnings of $1.42 per share exceeded estimates by $0.26, revenue reached $314.13 million, and sales increased 11.4% year over year. CommVault Systems financial and analyst information
• Neutral Sentiment: CEO Sanjay Mirchandani sold 24,134 shares worth roughly $3.47 million from August 17–19. CFO Gary Merrill sold 3,147 shares worth about $451,000, while Chief Accounting Officer Danielle Abrahamsen sold 996 shares worth approximately $143,000. All reported sales were tied to tax withholding and left the executives with substantial remaining holdings. CommVault Systems insider buying and selling
• Negative Sentiment: The concentration of insider selling may create short-term supply and sentiment pressure, particularly with CVLT trading below its 50-day moving average and at a high valuation of more than 80 times earnings. Nevertheless, the planned, tax-related nature of the sales reduces the bearish significance.

About CommVault Systems

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.