CommVault Systems (NASDAQ:CVLT) CEO Sanjay Mirchandani Sells 4,840 Shares

Posted by George Bondi on Aug 20th, 2026

CommVault Systems, Inc. (NASDAQ:CVLT – Get Free Report) CEO Sanjay Mirchandani sold 4,840 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $143.64, for a total value of $695,217.60. Following the sale, the chief executive officer owned 264,533 shares of the company’s stock, valued at $37,997,520.12. This represents a 1.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 Wednesday, August 19th, Sanjay Mirchandani sold 6,857 shares of CommVault Systems stock. The stock was sold at an average price of $142.80, for a total transaction of $979,179.60.
On Monday, August 17th, Sanjay Mirchandani sold 12,437 shares of CommVault Systems stock. The shares were sold at an average price of $143.98, for a total value of $1,790,679.26.

CommVault Systems Stock Performance

NASDAQ:CVLT opened at $137.32 on Thursday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 16.94. The firm has a market capitalization of $5.69 billion, a PE ratio of 87.46 and a beta of 0.81. CommVault Systems, Inc. has a 12-month low of $71.75 and a 12-month high of $198.18. The firm has a 50-day moving average price of $138.40 and a 200 day moving average price of $108.99.

CommVault Systems (NASDAQ:CVLT – Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $314.13 million for the quarter, compared to analysts’ expectations of $310.43 million. CommVault Systems had a net margin of 5.62% and a return on equity of 88.75%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period last year, the firm 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.

Hedge Funds Weigh In On CommVault Systems

Hedge funds and other institutional investors have recently made changes to their positions in the company. Boston Trust Walden Corp purchased a new stake in CommVault Systems during the 4th quarter valued at about $30,830,000. Intech Investment Management LLC lifted its holdings in shares of CommVault Systems by 52.4% during the fourth quarter. Intech Investment Management LLC now owns 86,634 shares of the software maker’s stock worth $10,860,000 after purchasing an additional 29,796 shares during the period. Epoch Investment Partners Inc. purchased a new stake in CommVault Systems in the fourth quarter valued at approximately $27,278,000. Madison Asset Management LLC increased its holdings in CommVault Systems by 39.7% in the 1st quarter. Madison Asset Management LLC now owns 33,459 shares of the software maker’s stock worth $2,606,000 after buying an additional 9,512 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in CommVault Systems by 410.8% in the 4th quarter. BNP Paribas Financial Markets now owns 320,468 shares of the software maker’s stock worth $40,174,000 after buying an additional 257,729 shares during the period. Institutional investors own 93.50% of the company’s stock.

Key Stories Impacting CommVault Systems

Here are the key news stories impacting CommVault Systems this week:

Positive Sentiment: Analysts assigned Commvault a consensus rating of “Moderate Buy,” providing support for the stock despite its elevated valuation and recent trading below its 50-day moving average. CommVault Systems Given Consensus Rating of Moderate Buy by Analysts
Positive Sentiment: Commvault expanded its Cloud Rewind product to cover more Microsoft Azure resources, improving configuration protection and recovery for cloud-native and AI-driven applications after cyberattacks or outages. The move reinforces the company’s cloud-resilience and cybersecurity positioning, though the release did not disclose financial guidance or new contract values. Commvault Advances AI and Cloud Application Resilience with Expanded Cloud Rewind Coverage
Neutral Sentiment: CEO Sanjay Mirchandani, CFO Gary Merrill and Chief Accounting Officer Danielle Abrahamsen collectively sold roughly 28,277 shares worth about $4.1 million between August 17 and August 19. All reported transactions were executed under Rule 10b5-1 plans and were specifically intended to cover tax withholding tied to vested equity awards. The sales can create short-term sentiment pressure, but their planned, tax-related nature makes them a weaker bearish signal. Commvault CFO Gary Merrill Reports Two Common Stock Sales Commvault CFO Danielle Abrahamsen Executes Three Stock Sales
Negative Sentiment: Bernstein Liebhard announced an investigation into potential fiduciary-duty breaches by Commvault directors and officers. The announcement does not establish wrongdoing, but it introduces legal and governance uncertainty that may weigh on investor sentiment. Commvault Shareholder Investigation Alert

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. KeyCorp lifted their target price on shares of CommVault Systems from $125.00 to $175.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Mizuho upped their price objective on CommVault Systems from $140.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Jefferies Financial Group reissued a “hold” rating and issued a $130.00 target price on shares of CommVault Systems in a report on Wednesday, July 29th. Cantor Fitzgerald reissued a “neutral” rating and issued a $132.00 target price on shares of CommVault Systems in a research report on Monday, July 27th. Finally, Weiss Ratings upgraded CommVault Systems from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $152.47.

Check Out Our Latest Research Report on CVLT

About CommVault Systems

(Get Free Report)

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.