Insider Selling: CommVault Systems (NASDAQ:CVLT) Director Sells $79,843.05 in Stock

CommVault Systems, Inc. (NASDAQ:CVLT) Director Vivie Lee sold 595 shares of CommVault Systems stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $134.19, for a total value of $79,843.05. Following the completion of the sale, the director directly owned 15,140 shares in the company, valued at $2,031,636.60. This represents a 3.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CommVault Systems Stock Performance

NASDAQ CVLT opened at $141.74 on Thursday. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 90.28 and a beta of 0.81. The business’s 50 day moving average is $136.13 and its two-hundred day moving average is $107.56. CommVault Systems, Inc. has a 12-month low of $71.75 and a 12-month 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.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly 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 business had revenue of $314.13 million during the quarter, compared to analysts’ expectations of $310.43 million. During the same period last year, the firm earned $1.01 EPS. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. Research analysts expect that CommVault Systems, Inc. will post 2.84 EPS for the current year.

Analyst Upgrades and Downgrades

CVLT has been the topic of several research analyst reports. Weiss Ratings upgraded shares of CommVault Systems from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 16th. KeyCorp raised their price objective on shares of CommVault Systems from $125.00 to $175.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Scotiabank restated a “sector perform” rating and set a $130.00 target price on shares of CommVault Systems in a research report on Wednesday, July 29th. Stephens increased their target price on shares of CommVault Systems from $135.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, June 16th. Finally, Mizuho increased their target price on shares of CommVault Systems from $140.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, CommVault Systems presently has a consensus rating of “Moderate Buy” and an average target price of $152.47.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake 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 acquiring an additional 11,700 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in CommVault Systems during the second quarter worth about $327,000. Cetera Investment Advisers raised its position in CommVault Systems by 13.4% during the second quarter. Cetera Investment Advisers now owns 2,486 shares of the software maker’s stock worth $433,000 after acquiring an additional 294 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of CommVault Systems by 188.3% in the second quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock valued at $47,000 after purchasing an additional 177 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its holdings in shares of CommVault Systems by 43.8% in the second quarter. Guggenheim Capital LLC now owns 4,245 shares of the software maker’s stock valued at $740,000 after purchasing an additional 1,293 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

CommVault Systems Company Profile

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.