Danielle Nicole Abrahamsen Sells 365 Shares of CommVault Systems (NASDAQ:CVLT) Stock
by Jessica Moore · The Cerbat GemCommVault Systems, Inc. (NASDAQ:CVLT – Get Free Report) CAO Danielle Nicole Abrahamsen sold 365 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $99.13, for a total transaction of $36,182.45. Following the completion of the sale, the chief accounting officer directly owned 13,216 shares of the company’s stock, valued at $1,310,102.08. The trade was a 2.69% decrease in their position. The transaction was disclosed in a document filed 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 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 transaction of $112,719.60.
- On Monday, May 18th, Danielle Nicole Abrahamsen sold 925 shares of CommVault Systems stock. The shares were sold at an average price of $104.52, for a total transaction of $96,681.00.
CommVault Systems Price Performance
NASDAQ CVLT traded up $1.46 on Thursday, reaching $106.00. The company’s stock had a trading volume of 637,200 shares, compared to its average volume of 1,049,678. CommVault Systems, Inc. has a twelve month low of $71.75 and a twelve month high of $200.68. The company has a debt-to-equity ratio of 117.54, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a market cap of $4.37 billion, a PE ratio of 66.67 and a beta of 0.77. The firm’s 50 day moving average is $89.39 and its two-hundred day moving average is $104.46.
CommVault Systems (NASDAQ:CVLT – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The software maker reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.19. CommVault Systems had a net margin of 5.97% and a return on equity of 51.64%. The company had revenue of $311.69 million during the quarter, compared to the consensus estimate of $306.71 million. During the same period in the prior year, the company earned $1.03 EPS. CommVault Systems’s revenue was up 13.3% on a year-over-year basis. As a group, sell-side analysts predict that CommVault Systems, Inc. will post 2.86 EPS for the current year.
Institutional Trading of CommVault Systems
Several institutional investors have recently made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of CommVault Systems by 8.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,410 shares of the software maker’s stock valued at $23,255,000 after acquiring an additional 11,700 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in CommVault Systems in the second quarter worth approximately $327,000. Cetera Investment Advisers increased its holdings in CommVault Systems by 13.4% in the second quarter. Cetera Investment Advisers now owns 2,486 shares of the software maker’s stock worth $433,000 after buying an additional 294 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in CommVault Systems by 188.3% in the second quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock worth $47,000 after buying an additional 177 shares during the last quarter. Finally, Guggenheim Capital LLC increased its holdings in CommVault Systems by 43.8% in the second quarter. Guggenheim Capital LLC now owns 4,245 shares of the software maker’s stock worth $740,000 after buying an additional 1,293 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms have issued reports on CVLT. William Blair restated a “market perform” rating on shares of CommVault Systems in a report on Monday, March 23rd. Weiss Ratings restated a “hold (c)” rating on shares of CommVault Systems in a report on Wednesday, January 21st. Guggenheim cut their price objective on CommVault Systems from $200.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Loop Capital began coverage on CommVault Systems in a report on Tuesday, March 24th. They set a “buy” rating and a $125.00 price objective on the stock. Finally, Jefferies Financial Group began coverage on CommVault Systems in a report on Monday, April 27th. They set a “hold” rating and a $105.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.00.
Read Our Latest Stock Report on CVLT
Key CommVault Systems News
Here are the key news stories impacting CommVault Systems this week:
- Negative Sentiment: Multiple law firms announced or promoted class action lawsuits and investor investigations against Commvault Systems, Inc. (CVLT), increasing legal overhang and uncertainty about potential settlement costs and management distraction. Rosen Law Firm Urges Commvault Stockholders to Contact the Firm
- Negative Sentiment: The lawsuits are tied to allegations that Commvault made false and/or misleading statements during the April 29, 2025 to January 26, 2026 class period, which can weigh on investor sentiment and keep the stock volatile. Howard G. Smith Class Action Notice
- Negative Sentiment: Several recent insider sale disclosures from the CEO, CFO, and CAO may add to negative sentiment, even though the filings say the transactions were primarily for tax-withholding related to equity awards and/or made under 10b5-1 plans. Insider Selling Alert
About CommVault Systems
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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