CommVault Systems (NASDAQ:CVLT) CFO Gary Merrill Sells 1,293 Shares

CommVault Systems, Inc. (NASDAQ:CVLT) CFO Gary Merrill sold 1,293 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $142.80, for a total transaction of $184,640.40. Following the sale, the chief financial officer directly owned 69,628 shares of the company’s stock, valued at $9,942,878.40. This represents a 1.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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.

Gary Merrill also recently made the following trade(s):

• On Tuesday, August 18th, Gary Merrill sold 1,854 shares of CommVault Systems stock. The shares were sold at an average price of $143.64, for a total transaction of $266,308.56.
• On Tuesday, May 26th, Gary Merrill sold 4,554 shares of CommVault Systems stock. The stock was sold at an average price of $106.70, for a total transaction of $485,911.80.
• On Friday, May 22nd, Gary Merrill sold 3,777 shares of CommVault Systems stock. The stock was sold at an average price of $107.39, for a total value of $405,612.03.

CommVault Systems Stock Performance

CVLT stock opened at $137.32 on Thursday. The stock has a 50-day moving average price of $138.40 and a 200-day moving average price of $108.99. CommVault Systems, Inc. has a 1-year low of $71.75 and a 1-year high of $198.18. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 16.94. The firm has a market cap of $5.69 billion, a PE ratio of 87.46 and a beta of 0.81.

CommVault Systems (NASDAQ:CVLT) last announced its earnings results on Tuesday, July 28th. The software maker reported $1.42 EPS for the quarter, beating the consensus estimate of $1.16 by $0.26. CommVault Systems had a return on equity of 88.75% and a net margin of 5.62%.The company had revenue of $314.13 million for the quarter, compared to analyst estimates of $310.43 million. During the same quarter in the prior year, the company earned $1.01 EPS. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, equities research analysts expect that CommVault Systems, Inc. will post 2.84 earnings per share for the current year.

CommVault Systems News Roundup

Here are the key news stories impacting CommVault Systems this week:

• Positive Sentiment: Analysts assigned Commvault a consensus rating of “Moderate Buy,” providing support for the stock despite its elevated valuation and recent trading below its 50-day moving average. CommVault Systems Given Consensus Rating of Moderate Buy by Analysts
• Positive Sentiment: Commvault expanded its Cloud Rewind product to cover more Microsoft Azure resources, improving configuration protection and recovery for cloud-native and AI-driven applications after cyberattacks or outages. The move reinforces the company’s cloud-resilience and cybersecurity positioning, though the release did not disclose financial guidance or new contract values. Commvault Advances AI and Cloud Application Resilience with Expanded Cloud Rewind Coverage
• Neutral Sentiment: CEO Sanjay Mirchandani, CFO Gary Merrill and Chief Accounting Officer Danielle Abrahamsen collectively sold roughly 28,277 shares worth about $4.1 million between August 17 and August 19. All reported transactions were executed under Rule 10b5-1 plans and were specifically intended to cover tax withholding tied to vested equity awards. The sales can create short-term sentiment pressure, but their planned, tax-related nature makes them a weaker bearish signal. Commvault CFO Gary Merrill Reports Two Common Stock Sales Commvault CFO Danielle Abrahamsen Executes Three Stock Sales
• Negative Sentiment: Bernstein Liebhard announced an investigation into potential fiduciary-duty breaches by Commvault directors and officers. The announcement does not establish wrongdoing, but it introduces legal and governance uncertainty that may weigh on investor sentiment. Commvault Shareholder Investigation Alert

Hedge Funds Weigh In On CommVault Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Transamerica Financial Advisors LLC bought a new stake in shares of CommVault Systems in the second quarter valued at approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in CommVault Systems in the 2nd quarter valued at approximately $27,000. State of Wyoming bought a new stake in CommVault Systems during the 2nd quarter valued at $35,000. Banque Cantonale Vaudoise purchased a new stake in shares of CommVault Systems during the third quarter worth $39,000. Finally, Silvant Capital Management LLC bought a new position in shares of CommVault Systems in the second quarter worth $30,000. Institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on CVLT shares. Piper Sandler lowered CommVault Systems from an “overweight” rating to a “neutral” rating and set a $133.00 target price for the company. in a research report on Tuesday, July 28th. DA Davidson set a $175.00 price target on shares of CommVault Systems in a research report on Wednesday, July 29th. Scotiabank restated a “sector perform” rating and issued a $130.00 price objective on shares of CommVault Systems in a research note on Wednesday, July 29th. Cantor Fitzgerald reiterated a “neutral” rating and set a $132.00 target price on shares of CommVault Systems in a research note on Monday, July 27th. Finally, Oppenheimer boosted their price target on shares of CommVault Systems from $150.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, CommVault Systems has a consensus rating of “Moderate Buy” and a consensus target price of $152.47.

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.