Insider Selling: CommVault Systems (NASDAQ:CVLT) Director Sells $63,874.44 in Stock

CommVault Systems, Inc. (NASDAQ:CVLT) Director A Shane Sanders sold 476 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $134.19, for a total transaction of $63,874.44. Following the sale, the director owned 8,696 shares of the company’s stock, valued at $1,166,916.24. The trade was a 5.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CommVault Systems Stock Up 1.7%

CommVault Systems stock opened at $141.74 on Thursday. The company has a market cap of $5.87 billion, a P/E ratio of 90.28 and a beta of 0.81. The company has a fifty day simple moving average of $136.13 and a 200 day simple moving average of $107.56. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 16.94. CommVault Systems, Inc. has a 1-year low of $71.75 and a 1-year high of $198.18.

CommVault Systems (NASDAQ:CVLT) last released its earnings results on Tuesday, July 28th. The software maker reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.26. The business 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%.CommVault Systems’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 earnings per share. Research analysts anticipate that CommVault Systems, Inc. will post 2.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in CommVault Systems during the second quarter worth $27,000. Silvant Capital Management LLC acquired a new position in CommVault Systems during the 2nd quarter worth approximately $30,000. State of Wyoming acquired a new position in shares of CommVault Systems during the second quarter worth approximately $35,000. Essential Partners LLC raised its holdings in CommVault Systems by 9,920.0% during the first quarter. Essential Partners LLC now owns 501 shares of the software maker’s stock worth $39,000 after buying an additional 496 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in CommVault Systems in the 3rd quarter valued at about $39,000. Institutional investors own 93.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CVLT. Mizuho raised their price target on CommVault Systems from $140.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. Piper Sandler cut CommVault Systems from an “overweight” rating to a “neutral” rating and set a $133.00 price target for the company. in a research note on Tuesday, July 28th. Weiss Ratings upgraded shares of CommVault Systems from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 16th. Truist Financial lifted their price target on CommVault Systems from $155.00 to $182.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Finally, Oppenheimer lifted their price target on shares of CommVault Systems from $150.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.