CommVault Systems, Inc. (NASDAQ:CVLT – Get Free Report) CEO Sanjay Mirchandani sold 8,450 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $99.13, for a total transaction of $837,648.50. Following the completion of the transaction, the chief executive officer owned 306,927 shares in the company, valued at $30,425,673.51. The trade was a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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.
Sanjay Mirchandani also recently made the following trade(s):
- On Tuesday, May 19th, Sanjay Mirchandani sold 19,396 shares of CommVault Systems stock. The shares were sold at an average price of $105.49, for a total transaction of $2,046,084.04.
- On Monday, May 18th, Sanjay Mirchandani sold 8,457 shares of CommVault Systems stock. The shares were sold at an average price of $104.54, for a total transaction of $884,094.78.
- 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 Monday, March 16th, Sanjay Mirchandani sold 10,338 shares of CommVault Systems stock. The shares were sold at an average price of $78.96, for a total transaction of $816,288.48.
CommVault Systems Stock Performance
NASDAQ:CVLT opened at $107.25 on Friday. CommVault Systems, Inc. has a 1 year low of $71.75 and a 1 year high of $200.68. The firm’s fifty day simple moving average is $90.43 and its 200 day simple moving average is $104.25. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 117.54. The firm has a market capitalization of $4.42 billion, a PE ratio of 67.45 and a beta of 0.77.
Hedge Funds Weigh In On CommVault Systems
Hedge funds and other institutional investors have recently made changes to their positions in the business. State of Wyoming bought a new position in shares of CommVault Systems during the 2nd quarter worth about $35,000. Banque Cantonale Vaudoise bought a new position in shares of CommVault Systems during the 3rd quarter worth about $39,000. Cullen Frost Bankers Inc. lifted its holdings in CommVault Systems by 43.8% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock valued at $46,000 after purchasing an additional 74 shares during the last quarter. Assetmark Inc. lifted its holdings in CommVault Systems by 2,950.0% during the 3rd quarter. Assetmark Inc. now owns 244 shares of the software maker’s stock valued at $46,000 after purchasing an additional 236 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in CommVault Systems during the 3rd quarter valued at about $47,000. 93.50% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several analysts have issued reports on CVLT shares. Stephens decreased their price target on shares of CommVault Systems from $162.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 28th. Wall Street Zen lowered shares of CommVault Systems from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Cantor Fitzgerald decreased their price target on shares of CommVault Systems from $144.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 28th. Truist Financial restated a “buy” rating and issued a $155.00 price target (down from $175.00) on shares of CommVault Systems in a research report on Wednesday, January 28th. Finally, Oppenheimer decreased their price target 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. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, CommVault Systems currently has a consensus rating of “Moderate Buy” and an average target price of $135.00.
Check Out Our Latest Research Report on CVLT
Key Stories Impacting CommVault Systems
Here are the key news stories impacting CommVault Systems this week:
- Positive Sentiment: CommVault’s latest quarterly results were solid, with EPS of $1.28 beating estimates and revenue of $311.69 million topping expectations, while sales rose 13.3% year over year. CommVault Systems stock information
- Neutral Sentiment: Several insider sales by the CEO, CFO, and CAO were disclosed, but the filings say the transactions were made under pre-arranged 10b5-1 plans and mainly for tax withholding tied to equity awards.
- Negative Sentiment: Multiple law firms issued class-action notices and deadline reminders for CVLT shareholders, keeping investor focus on alleged false or misleading statements and possible securities fraud claims. Article Title
- Negative Sentiment: One lawsuit filing specifically linked the case to a sharp share-price drop after Q3 2026 results and alleged inconsistencies with the company’s earlier growth narrative, which may weigh on sentiment.
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.
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