CommVault Systems (NASDAQ:CVLT) CEO Sanjay Mirchandani Sells 8,450 Shares

21 May 2026, 19:11 by Doug Wharley · The Cerbat Gem

CommVault Systems, Inc. (NASDAQ:CVLT – Get Free Report) CEO Sanjay Mirchandani sold 8,450 shares of CommVault Systems stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $99.13, for a total transaction of $837,648.50. Following the sale, the chief executive officer directly owned 306,927 shares in the company, valued at $30,425,673.51. This trade represents a 2.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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.

Sanjay Mirchandani also recently made the following trade(s):

On Tuesday, May 19th, Sanjay Mirchandani sold 19,396 shares of CommVault Systems stock. The stock was sold at an average price of $105.49, for a total transaction of $2,046,084.04.
On Monday, May 18th, Sanjay Mirchandani sold 8,457 shares of CommVault Systems stock. The stock was sold at an average price of $104.54, for a total transaction of $884,094.78.
On Tuesday, March 17th, Sanjay Mirchandani sold 10,052 shares of CommVault Systems stock. The stock was sold at an average price of $80.09, for a total transaction of $805,064.68.
On Monday, March 16th, Sanjay Mirchandani sold 10,338 shares of CommVault Systems stock. The stock was sold at an average price of $78.96, for a total transaction of $816,288.48.

CommVault Systems Stock Up 1.4%

CommVault Systems stock traded up $1.46 during midday trading on Thursday, hitting $106.00. 637,200 shares of the stock were exchanged, compared to its average volume of 1,049,678. The firm has a market cap of $4.37 billion, a P/E ratio of 66.67 and a beta of 0.77. CommVault Systems, Inc. has a 1 year low of $71.75 and a 1 year high of $200.68. The company has a debt-to-equity ratio of 117.54, a current ratio of 1.95 and a quick ratio of 1.95. The company has a 50 day moving average price of $89.39 and a two-hundred day moving average price of $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 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.19. The firm had revenue of $311.69 million during the quarter, compared to the consensus estimate of $306.71 million. CommVault Systems had a return on equity of 51.64% and a net margin of 5.97%.CommVault Systems’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.03 earnings per share. On average, sell-side analysts predict that CommVault Systems, Inc. will post 2.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CVLT has been the subject of a number of research analyst reports. Robert W. Baird dropped their price target on shares of CommVault Systems from $185.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Royal Bank Of Canada upped their price target on shares of CommVault Systems from $100.00 to $110.00 and gave the company a “sector perform” rating in a report on Wednesday, April 29th. Jefferies Financial Group began coverage on shares of CommVault Systems in a report on Monday, April 27th. They issued a “hold” rating and a $105.00 price target on the stock. Mizuho cut their price target on shares of CommVault Systems from $180.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, January 28th. Finally, Oppenheimer decreased their price target on CommVault Systems from $180.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, CommVault Systems has a consensus rating of “Moderate Buy” and a consensus price target of $135.00.

Check Out Our Latest Report on CommVault Systems

CommVault Systems News Summary

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

Institutional Investors Weigh In On CommVault Systems

Hedge funds and other institutional investors have recently modified their holdings of the stock. State of Wyoming acquired a new stake in CommVault Systems in the second quarter worth about $35,000. Banque Cantonale Vaudoise bought a new position in CommVault Systems in the 3rd quarter valued at about $39,000. Cullen Frost Bankers Inc. increased its stake in CommVault Systems by 43.8% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock valued at $46,000 after buying an additional 74 shares during the period. Assetmark Inc. increased its stake in CommVault Systems by 2,950.0% during the 3rd quarter. Assetmark Inc. now owns 244 shares of the software maker’s stock valued at $46,000 after buying an additional 236 shares during the period. Finally, Advisory Services Network LLC acquired a new position in CommVault Systems during the 3rd quarter valued at about $47,000. 93.50% of the stock is currently owned by institutional investors.

CommVault Systems Company Profile

(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.