CommVault Systems, Inc. (NASDAQ:CVLT – Get Free Report) CAO Danielle Nicole Abrahamsen sold 391 shares of CommVault Systems stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $143.64, for a total value of $56,163.24. Following the completion of the transaction, the chief accounting officer owned 12,646 shares in the company, valued at $1,816,471.44. The trade was a 3.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 stock was sold at an average price of $142.80, for a total value of $69,400.80.
- On Monday, August 17th, Danielle Nicole Abrahamsen sold 119 shares of CommVault Systems stock. The shares were sold at an average price of $143.98, for a total value of $17,133.62.
- 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 stock was 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 stock was sold at an average price of $107.39, for a total value of $10,846.39.
CommVault Systems Price Performance
CVLT stock opened at $133.81 on Friday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 16.94. CommVault Systems, Inc. has a one year low of $71.75 and a one year high of $198.18. The firm has a market capitalization of $5.55 billion, a PE ratio of 85.23 and a beta of 0.81. The firm has a 50-day moving average of $138.61 and a two-hundred day moving average of $109.49.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc increased its position in CommVault Systems by 15.8% in the 2nd quarter. Versant Capital Management Inc now owns 595 shares of the software maker’s stock worth $84,000 after purchasing an additional 81 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of CommVault Systems by 33.6% during the 4th quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock valued at $41,000 after buying an additional 82 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of CommVault Systems by 7.2% in the 4th quarter. Captrust Financial Advisors now owns 2,153 shares of the software maker’s stock valued at $270,000 after buying an additional 145 shares in the last quarter. MML Investors Services LLC grew its stake in shares of CommVault Systems by 6.7% in the 4th quarter. MML Investors Services LLC now owns 2,361 shares of the software maker’s stock valued at $296,000 after buying an additional 149 shares in the last quarter. Finally, Madison Asset Management LLC increased its holdings in CommVault Systems by 0.6% in the fourth quarter. Madison Asset Management LLC now owns 23,947 shares of the software maker’s stock worth $3,002,000 after buying an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have weighed in on the stock. Scotiabank reiterated a “sector perform” rating and set a $130.00 price objective on shares of CommVault Systems in a research report on Wednesday, July 29th. Stephens lifted their price target on CommVault Systems from $135.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, June 16th. Guggenheim reissued a “buy” rating on shares of CommVault Systems in a research report on Tuesday, July 28th. Cantor Fitzgerald restated a “neutral” rating and set a $132.00 price objective on shares of CommVault Systems in a research report on Monday, July 27th. Finally, Royal Bank Of Canada lifted their target price on CommVault Systems from $100.00 to $110.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 29th. One investment 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $152.47.
Read Our Latest Stock 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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