Insider Selling: CommVault Systems (NASDAQ:CVLT) Insider Sells 2,593 Shares of Stock

CommVault Systems, Inc. (NASDAQ:CVLT) insider Gary Merrill sold 2,593 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $90.28, for a total transaction of $234,096.04. Following the transaction, the insider directly owned 64,725 shares of the company’s stock, valued at $5,843,373. The trade was a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, February 19th, Gary Merrill sold 1,892 shares of CommVault Systems stock. The stock was sold at an average price of $91.28, for a total transaction of $172,701.76.

CommVault Systems Stock Performance

CVLT traded down $1.34 during mid-day trading on Friday, reaching $91.00. 848,691 shares of the company traded hands, compared to its average volume of 1,083,047. The company’s fifty day moving average price is $111.19 and its 200-day moving average price is $144.52. The stock has a market capitalization of $4.00 billion, a P/E ratio of 46.91 and a beta of 0.59. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 4.06. CommVault Systems, Inc. has a 52-week low of $79.51 and a 52-week high of $200.68.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.17 EPS for the quarter, topping the consensus estimate of $0.98 by $0.19. The company had revenue of $313.83 million during the quarter, compared to analyst estimates of $299.07 million. CommVault Systems had a return on equity of 37.38% and a net margin of 7.58%.CommVault Systems’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 earnings per share. On average, sell-side analysts expect that CommVault Systems, Inc. will post 1.65 EPS for the current year.

Institutional Investors Weigh In On CommVault Systems

Institutional investors have recently bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of CommVault Systems by 8.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,410 shares of the software maker’s stock valued at $23,255,000 after acquiring an additional 11,700 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of CommVault Systems during the second quarter worth about $327,000. Ethic Inc. raised its stake in CommVault Systems by 39.4% during the 2nd quarter. Ethic Inc. now owns 1,805 shares of the software maker’s stock valued at $315,000 after purchasing an additional 510 shares during the period. R Squared Ltd purchased a new position in CommVault Systems in the 2nd quarter worth approximately $246,000. Finally, AlphaQuest LLC boosted its stake in CommVault Systems by 6,225.0% in the 2nd quarter. AlphaQuest LLC now owns 1,518 shares of the software maker’s stock worth $265,000 after purchasing an additional 1,494 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on CVLT shares. Wells Fargo & Company cut their target price on shares of CommVault Systems from $190.00 to $155.00 and set an “overweight” rating for the company in a research report on Wednesday, January 28th. Royal Bank Of Canada cut their price objective on shares of CommVault Systems from $167.00 to $100.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CommVault Systems in a report on Wednesday, January 21st. DA Davidson cut their price target on CommVault Systems from $185.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. Finally, Piper Sandler reduced their price target on CommVault Systems from $186.00 to $155.00 and set an “overweight” rating for the company in a research report on Monday, January 5th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $143.58.

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.