CommVault Systems, Inc. (NASDAQ:CVLT – Get Free Report) CAO Danielle Nicole Abrahamsen sold 119 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $143.98, for a total transaction of $17,133.62. Following the completion of the sale, the chief accounting officer owned 13,037 shares of the company’s stock, valued at approximately $1,877,067.26. This trade represents a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.
Danielle Nicole Abrahamsen also recently made the following trade(s):
- On Wednesday, August 19th, Danielle Nicole Abrahamsen sold 486 shares of CommVault Systems stock. The shares were sold at an average price of $142.80, for a total transaction of $69,400.80.
- On Tuesday, August 18th, Danielle Nicole Abrahamsen sold 391 shares of CommVault Systems stock. The stock was sold at an average price of $143.64, for a total transaction of $56,163.24.
- On Thursday, July 2nd, Danielle Nicole Abrahamsen sold 254 shares of CommVault Systems stock. The shares were sold at an average price of $150.00, for a total value of $38,100.00.
- On Tuesday, May 26th, Danielle Nicole Abrahamsen sold 277 shares of CommVault Systems stock. The shares were sold at an average price of $106.70, for a total value of $29,555.90.
- On Friday, May 22nd, Danielle Nicole Abrahamsen sold 101 shares of CommVault Systems stock. The shares were sold at an average price of $107.39, for a total value of $10,846.39.
CommVault Systems Stock Performance
Shares of NASDAQ:CVLT traded down $5.49 during trading on Wednesday, reaching $137.32. The company had a trading volume of 449,257 shares, compared to its average volume of 935,905. CommVault Systems, Inc. has a fifty-two week low of $71.75 and a fifty-two week high of $198.18. The company has a debt-to-equity ratio of 16.94, a current ratio of 2.04 and a quick ratio of 2.04. The stock’s fifty day moving average price is $138.16 and its 200 day moving average price is $108.64. The firm has a market capitalization of $5.69 billion, a price-to-earnings ratio of 87.46 and a beta of 0.81.
Wall Street Analyst Weigh In
CVLT has been the subject of a number of recent analyst reports. Stephens raised their price objective on shares of CommVault Systems from $135.00 to $155.00 and gave the company an “overweight” rating in a research report on Tuesday, June 16th. Piper Sandler cut CommVault Systems from an “overweight” rating to a “neutral” rating and set a $133.00 target price on the stock. in a research report on Tuesday, July 28th. Scotiabank reissued a “sector perform” rating and issued a $130.00 price target on shares of CommVault Systems in a report on Wednesday, July 29th. Zacks Research downgraded CommVault Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $130.00 price objective on shares of CommVault Systems in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $152.47.
Get Our Latest Stock Analysis on CommVault Systems
Trending Headlines about CommVault Systems
Here are the key news stories impacting CommVault Systems this week:
- Positive Sentiment: Commvault expanded its Cloud Rewind offering with broader Microsoft Azure resource coverage, aiming to help customers protect and recover cloud-native and AI-driven applications after cyberattacks or outages. The announcement supports the company’s positioning in the growing data resilience, cloud protection and AI infrastructure markets. Commvault Advances AI and Cloud Application Resilience with Expanded Cloud Rewind Coverage
- Positive Sentiment: Analysts assign Commvault a consensus rating of “Moderate Buy,” indicating that overall Wall Street sentiment remains favorable despite recent selling pressure. CommVault Systems Given Consensus Rating of Moderate Buy
- Neutral Sentiment: CEO Sanjay Mirchandani, CFO Gary Merrill and Chief Accounting Officer Danielle Abrahamsen reported sales of company stock during August 17–19. The transactions were executed under pre-arranged Rule 10b5-1 plans and were specifically described as sales to cover tax-withholding obligations from vested equity awards, reducing their significance as a discretionary bearish signal. Executives continue to own substantial positions.
- Negative Sentiment: Bernstein Liebhard announced an investigation into potential breaches of fiduciary duty by certain Commvault directors and officers. The investigation is at an early stage and does not establish wrongdoing, but it introduces legal and governance uncertainty that could weigh on investor sentiment. CommVault Shareholder Investigation Alert
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC acquired a new position in CommVault Systems during the second quarter worth $207,000. Wellington Management Group LLP boosted its position in CommVault Systems by 57.1% during the second quarter. Wellington Management Group LLP now owns 402,054 shares of the software maker’s stock worth $56,983,000 after purchasing an additional 146,055 shares in the last quarter. Empowered Funds LLC acquired a new stake in CommVault Systems in the second quarter valued at $495,000. Equitable Holdings Inc. purchased a new position in shares of CommVault Systems in the second quarter valued at $488,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of CommVault Systems in the second quarter valued at $55,000. 93.50% of the stock is owned by hedge funds and other institutional investors.
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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