CommVault Systems (NASDAQ:CVLT) CEO Sells $816,288.48 in Stock

CommVault Systems, Inc. (NASDAQ:CVLT) CEO Sanjay Mirchandani sold 10,338 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $78.96, for a total transaction of $816,288.48. Following the transaction, the chief executive officer owned 342,581 shares in the company, valued at approximately $27,050,195.76. The trade was a 2.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Sanjay Mirchandani also recently made the following trade(s):

• On Tuesday, March 17th, Sanjay Mirchandani sold 10,052 shares of CommVault Systems stock. The shares were sold at an average price of $80.09, for a total transaction of $805,064.68.
• On Wednesday, February 18th, Sanjay Mirchandani sold 6,480 shares of CommVault Systems stock. The stock was sold at an average price of $90.28, for a total value of $585,014.40.

CommVault Systems Trading Down 0.5%

Shares of CVLT opened at $79.41 on Friday. The stock’s 50-day moving average price is $93.90 and its 200 day moving average price is $130.07. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 4.06. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 40.93 and a beta of 0.59. CommVault Systems, Inc. has a 12-month low of $76.99 and a 12-month high of $200.68.

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of CommVault Systems in a report on Wednesday, January 21st. Oppenheimer decreased their target price on shares of CommVault Systems from $180.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 28th. Cantor Fitzgerald lowered their target price on shares of CommVault Systems from $144.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 28th. Wells Fargo & Company dropped their price target 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. Finally, Guggenheim cut their price target on shares of CommVault Systems from $200.00 to $175.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $142.75.

Institutional Investors Weigh In On CommVault Systems

Several large investors have recently made changes to their positions in CVLT. Tudor Investment Corp ET AL acquired a new stake in shares of CommVault Systems during the 3rd quarter worth about $1,887,800,000. Vanguard Group Inc. lifted its holdings in CommVault Systems by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 5,675,590 shares of the software maker’s stock valued at $711,492,000 after purchasing an additional 240,093 shares during the last quarter. First Trust Advisors LP boosted its position in CommVault Systems by 25.5% in the fourth quarter. First Trust Advisors LP now owns 1,537,034 shares of the software maker’s stock valued at $192,683,000 after buying an additional 312,178 shares in the last quarter. Westfield Capital Management Co. LP boosted its position in CommVault Systems by 34.5% in the fourth quarter. Westfield Capital Management Co. LP now owns 1,057,077 shares of the software maker’s stock valued at $132,515,000 after buying an additional 270,902 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its stake in CommVault Systems by 17.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 909,982 shares of the software maker’s stock worth $114,124,000 after buying an additional 138,091 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

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.