CommVault Systems (NASDAQ:CVLT) CEO Sells $1,588,155.35 in Stock

CommVault Systems, Inc. (NASDAQ:CVLT) CEO Sanjay Mirchandani sold 13,109 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $121.15, for a total value of $1,588,155.35. Following the completion of the sale, the chief executive officer directly owned 359,260 shares of the company’s stock, valued at $43,524,349. This represents a 3.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, November 18th, Sanjay Mirchandani sold 14,653 shares of CommVault Systems stock. The shares were sold at an average price of $123.65, for a total value of $1,811,843.45.

CommVault Systems Stock Performance

CVLT traded down $1.81 on Thursday, hitting $117.69. The company had a trading volume of 497,214 shares, compared to its average volume of 586,394. The company’s fifty day moving average price is $163.81 and its 200 day moving average price is $173.39. The company has a debt-to-equity ratio of 4.18, a current ratio of 2.53 and a quick ratio of 1.24. CommVault Systems, Inc. has a 1-year low of $117.40 and a 1-year high of $200.68. The stock has a market cap of $5.19 billion, a price-to-earnings ratio of 66.12 and a beta of 0.68.

CommVault Systems (NASDAQ:CVLT) last posted its earnings results on Tuesday, October 28th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.04). CommVault Systems had a net margin of 7.32% and a return on equity of 31.53%. The firm had revenue of $448.85 million during the quarter, compared to analyst estimates of $273.31 million. During the same quarter in the previous year, the business posted $0.83 earnings per share. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. CommVault Systems has set its Q3 2026 guidance at EPS. FY 2026 guidance at EPS. Equities analysts predict that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Guggenheim restated a “buy” rating and set a $220.00 price objective on shares of CommVault Systems in a report on Thursday, October 16th. DA Davidson restated a “buy” rating and set a $220.00 price target on shares of CommVault Systems in a research note on Thursday, November 13th. Wall Street Zen downgraded CommVault Systems from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. KeyCorp lowered their price objective on CommVault Systems from $225.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Finally, Robert W. Baird started coverage on CommVault Systems in a research report on Monday, October 27th. They issued an “outperform” rating and a $215.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, CommVault Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.10.

Institutional Trading of CommVault Systems

Several institutional investors have recently bought and sold shares of CVLT. Brooklyn Investment Group boosted its stake in shares of CommVault Systems by 8,550.0% in the 1st quarter. Brooklyn Investment Group now owns 173 shares of the software maker’s stock valued at $27,000 after purchasing an additional 171 shares in the last quarter. State of Wyoming bought a new position in CommVault Systems during the 2nd quarter valued at about $35,000. Banque Cantonale Vaudoise acquired a new position in CommVault Systems in the third quarter valued at about $39,000. Cullen Frost Bankers Inc. grew its stake in CommVault Systems by 43.8% during the third quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock worth $46,000 after buying an additional 74 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in shares of CommVault Systems by 2,950.0% during the third quarter. Assetmark Inc. now owns 244 shares of the software maker’s stock worth $46,000 after buying an additional 236 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

About CommVault Systems

Commvault Systems, Inc provides data protection platform that helps customers to secure, defend, and recover their data in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls.