CommVault Systems, Inc. (NASDAQ:CVLT – Get Free Report) CAO Danielle Nicole Abrahamsen sold 925 shares of CommVault Systems stock in a transaction on Monday, May 18th. The shares were sold at an average price of $104.52, for a total value of $96,681.00. Following the completion of the transaction, the chief accounting officer owned 14,646 shares in the company, valued at $1,530,799.92. This represents a 5.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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.
Danielle Nicole Abrahamsen also recently made the following trade(s):
- On Wednesday, May 20th, Danielle Nicole Abrahamsen sold 365 shares of CommVault Systems stock. The shares were sold at an average price of $99.13, for a total value of $36,182.45.
- On Tuesday, May 19th, Danielle Nicole Abrahamsen sold 1,065 shares of CommVault Systems stock. The shares were sold at an average price of $105.84, for a total value of $112,719.60.
CommVault Systems Trading Up 1.4%
Shares of NASDAQ:CVLT opened at $106.00 on Friday. CommVault Systems, Inc. has a 12-month low of $71.75 and a 12-month high of $200.68. The business’s fifty day simple moving average is $89.91 and its 200-day simple moving average is $104.23. The company has a market capitalization of $4.37 billion, a PE ratio of 66.67 and a beta of 0.77. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 117.54.
Institutional Trading of CommVault Systems
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. lifted its position in CommVault Systems by 43.8% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock worth $46,000 after acquiring an additional 74 shares during the period. JSF Financial LLC lifted its position in CommVault Systems by 1.1% during the 3rd quarter. JSF Financial LLC now owns 7,345 shares of the software maker’s stock worth $1,387,000 after acquiring an additional 82 shares during the period. Assetmark Inc. lifted its position in CommVault Systems by 33.6% during the 4th quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock worth $41,000 after acquiring an additional 82 shares during the period. Diversify Wealth Management LLC lifted its position in CommVault Systems by 1.6% during the 3rd quarter. Diversify Wealth Management LLC now owns 7,060 shares of the software maker’s stock worth $1,333,000 after acquiring an additional 110 shares during the period. Finally, Optiver Holding B.V. lifted its position in CommVault Systems by 62.6% during the 3rd quarter. Optiver Holding B.V. now owns 291 shares of the software maker’s stock worth $55,000 after acquiring an additional 112 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.
Trending Headlines about CommVault Systems
Here are the key news stories impacting CommVault Systems this week:
- Positive Sentiment: Commvault’s latest quarterly results were better than expected, with EPS of $1.28 versus $1.09 expected and revenue of $311.69 million versus $306.71 million expected, while revenue rose 13.3% year over year. This supports the company’s underlying business strength.
- Neutral Sentiment: CEO Sanjay Mirchandani and other executives sold shares this week, but the filings say the transactions were made under pre-arranged 10b5-1 plans and to cover tax withholding obligations tied to vesting equity awards, which makes the sales less concerning than open-market discretionary selling.
- Neutral Sentiment: Insider sales by the CFO and CAO were also disclosed, but these were similarly tied to equity award vesting and tax obligations rather than a clear change in outlook.
- Negative Sentiment: Multiple law firms announced or promoted class action suits and investigations against Commvault over alleged securities-law violations, creating a near-term overhang for CVLT. Article Title
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the company. Scotiabank raised their price objective on CommVault Systems from $105.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 29th. Stephens lowered their price objective on CommVault Systems from $162.00 to $135.00 and set an “overweight” rating for the company in a research report on Wednesday, January 28th. Zacks Research cut CommVault Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Jefferies Financial Group assumed coverage on CommVault Systems in a research report on Monday, April 27th. They issued a “hold” rating and a $105.00 price objective for the company. Finally, Cantor Fitzgerald lowered their price objective on CommVault Systems from $144.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, CommVault Systems has an average rating of “Moderate Buy” and a consensus target price of $135.00.
Read Our Latest Report on CommVault Systems
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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