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

CommVault Systems, Inc. (NASDAQ:CVLT) CEO Sanjay Mirchandani sold 6,480 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $90.28, for a total transaction of $585,014.40. Following the completion of the transaction, the chief executive officer owned 352,919 shares of the company’s stock, valued at $31,861,527.32. This represents a 1.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

CommVault Systems Stock Down 1.5%

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

CommVault Systems (NASDAQ:CVLT) last posted its earnings results on Tuesday, January 27th. The software maker reported $1.17 EPS for the quarter, beating 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 company had revenue of $313.83 million during the quarter, compared to analysts’ expectations of $299.07 million. During the same quarter in the prior year, the company posted $0.94 earnings per share. CommVault Systems’s revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, equities research analysts forecast that CommVault Systems, Inc. will post 1.65 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Tudor Investment Corp ET AL purchased a new stake in CommVault Systems in the third quarter valued at $1,887,800,000. First Trust Advisors LP lifted its holdings in shares of CommVault Systems by 1,335.8% in the 3rd quarter. First Trust Advisors LP now owns 1,224,856 shares of the software maker’s stock valued at $231,228,000 after buying an additional 1,139,547 shares during the period. M&T Bank Corp boosted its stake in shares of CommVault Systems by 22,133.9% in the fourth quarter. M&T Bank Corp now owns 610,098 shares of the software maker’s stock worth $76,482,000 after buying an additional 607,354 shares during the last quarter. Westfield Capital Management Co. LP grew its holdings in CommVault Systems by 135.6% during the third quarter. Westfield Capital Management Co. LP now owns 786,175 shares of the software maker’s stock worth $148,414,000 after acquiring an additional 452,422 shares during the period. Finally, TD Asset Management Inc raised its position in CommVault Systems by 14,047.5% during the fourth quarter. TD Asset Management Inc now owns 381,982 shares of the software maker’s stock valued at $47,885,000 after acquiring an additional 379,282 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

CVLT has been the topic of several recent analyst reports. Cantor Fitzgerald reduced their target price on CommVault Systems from $144.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 28th. Wall Street Zen upgraded CommVault Systems from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CommVault Systems in a research report on Wednesday, January 21st. Mizuho dropped their target price on shares of CommVault Systems from $180.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 28th. Finally, Zacks Research upgraded shares of CommVault Systems from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.58.

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.