CommVault Systems (NASDAQ:CVLT) CAO Sells $29,555.90 in Stock

CommVault Systems, Inc. (NASDAQ:CVLTGet Free Report) CAO Danielle Nicole Abrahamsen sold 277 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $106.70, for a total transaction of $29,555.90. Following the transaction, the chief accounting officer directly owned 13,166 shares in the company, valued at approximately $1,404,812.20. The trade was a 2.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through 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.

Danielle Nicole Abrahamsen also recently made the following trade(s):

  • 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 transaction of $10,846.39.
  • On Wednesday, May 20th, Danielle Nicole Abrahamsen sold 365 shares of CommVault Systems stock. The stock was sold at an average price of $99.13, for a total value of $36,182.45.
  • On Tuesday, May 19th, Danielle Nicole Abrahamsen sold 1,065 shares of CommVault Systems stock. The stock was sold at an average price of $105.84, for a total value 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 Trading Up 3.3%

CVLT opened at $110.73 on Friday. The stock has a market capitalization of $4.57 billion, a PE ratio of 69.64 and a beta of 0.77. The firm’s fifty day moving average price is $92.70 and its 200 day moving average price is $103.40. The company has a debt-to-equity ratio of 117.54, a current ratio of 1.95 and a quick ratio of 1.95. CommVault Systems, Inc. has a 12-month low of $71.75 and a 12-month high of $200.68.

CommVault Systems (NASDAQ:CVLTGet Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The software maker reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.19. The firm had revenue of $311.69 million for the quarter, compared to analysts’ expectations of $306.71 million. CommVault Systems had a net margin of 5.97% and a return on equity of 51.64%. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 earnings per share. As a group, research analysts expect that CommVault Systems, Inc. will post 2.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CVLT shares. Wall Street Zen cut shares of CommVault Systems from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Jefferies Financial Group started coverage on shares of CommVault Systems in a report on Monday, April 27th. They issued a “hold” rating and a $105.00 price objective on the stock. Wolfe Research began coverage on shares of CommVault Systems in a report on Friday, May 1st. They issued a “peer perform” rating on the stock. Robert W. Baird decreased their price objective on shares of CommVault Systems from $185.00 to $160.00 and set an “outperform” rating for the company in a report on Monday, April 13th. Finally, DA Davidson reiterated a “buy” rating and issued a $125.00 price objective on shares of CommVault Systems in a report on Monday, April 13th. One 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $135.00.

View Our Latest Stock Report on CommVault Systems

Key CommVault Systems News

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

Institutional Investors Weigh In On CommVault Systems

A number of institutional investors have recently added to or reduced their stakes in the company. State of Wyoming acquired a new position in shares of CommVault Systems in the 2nd quarter worth approximately $35,000. Banque Cantonale Vaudoise acquired a new position in shares of CommVault Systems in the 3rd quarter worth approximately $39,000. Cullen Frost Bankers Inc. grew its stake in shares of CommVault Systems by 43.8% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock worth $46,000 after purchasing an additional 74 shares during the last quarter. Assetmark Inc. grew its stake in shares of CommVault Systems by 2,950.0% in the 3rd quarter. Assetmark Inc. now owns 244 shares of the software maker’s stock worth $46,000 after purchasing an additional 236 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of CommVault Systems in the 3rd quarter worth approximately $47,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

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.

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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Insider Buying and Selling by Quarter for CommVault Systems (NASDAQ:CVLT)

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