CommVault Systems (NASDAQ:CVLT) CEO Sells $585,014.40 in Stock

by · The Cerbat Gem

CommVault Systems, Inc. (NASDAQ:CVLT – Get Free Report) CEO Sanjay Mirchandani sold 6,480 shares of CommVault Systems stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $90.28, for a total transaction of $585,014.40. Following the transaction, the chief executive officer directly owned 352,919 shares of the company’s stock, valued at approximately $31,861,527.32. This trade represents a 1.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

CommVault Systems Stock Performance

NASDAQ CVLT traded down $1.34 during mid-day trading on Friday, reaching $91.00. 848,691 shares of the stock were exchanged, compared to its average volume of 1,083,047. The company has a market capitalization of $4.00 billion, a P/E ratio of 46.91 and a beta of 0.59. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.34 and a current ratio of 2.34. The business’s 50 day moving average is $111.19 and its 200-day moving average is $144.52. CommVault Systems, Inc. has a 1 year low of $79.51 and a 1 year high of $200.68.

CommVault Systems (NASDAQ:CVLT – Get Free Report) last issued its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.19. CommVault Systems had a net margin of 7.58% and a return on equity of 37.38%. The business had revenue of $313.83 million during the quarter, compared to the consensus estimate of $299.07 million. During the same quarter in the prior year, the firm posted $0.94 earnings per share. The company’s revenue was up 19.5% compared to the same quarter last year. On average, equities research analysts forecast that CommVault Systems, Inc. will post 1.65 EPS for the current fiscal year.

Analysts Set New Price Targets

CVLT has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of CommVault Systems in a research note on Wednesday, January 21st. Zacks Research upgraded shares of CommVault Systems from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. Robert W. Baird began coverage on CommVault Systems in a research report on Monday, October 27th. They set an “outperform” rating and a $215.00 price objective on the stock. Royal Bank Of Canada decreased their target price on shares of CommVault Systems from $167.00 to $100.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 28th. Finally, Guggenheim lowered their price target on CommVault Systems from $200.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, CommVault Systems has an average rating of “Moderate Buy” and an average target price of $143.58.

View Our Latest Stock Report on CVLT

Institutional Investors Weigh In On CommVault Systems

Several institutional investors and hedge funds have recently modified their holdings of CVLT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in CommVault Systems by 8.6% in 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 buying an additional 11,700 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of CommVault Systems in the second quarter valued at $327,000. Ethic Inc. boosted its holdings in CommVault Systems by 39.4% in the second quarter. Ethic Inc. now owns 1,805 shares of the software maker’s stock valued at $315,000 after purchasing an additional 510 shares during the period. R Squared Ltd acquired a new position in CommVault Systems during the 2nd quarter worth $246,000. Finally, AlphaQuest LLC increased its holdings in CommVault Systems by 6,225.0% during the 2nd quarter. AlphaQuest LLC now owns 1,518 shares of the software maker’s stock worth $265,000 after purchasing an additional 1,494 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

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.

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