CommVault Systems (NASDAQ:CVLT) Insider Gary Merrill Sells 2,674 Shares of Stock

CommVault Systems, Inc. (NASDAQ:CVLT) insider Gary Merrill sold 2,674 shares of CommVault Systems stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $123.58, for a total value of $330,452.92. Following the completion of the sale, the insider owned 69,163 shares in the company, valued at approximately $8,547,163.54. The trade was a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, November 19th, Gary Merrill sold 1,845 shares of CommVault Systems stock. The shares were sold at an average price of $122.40, for a total value of $225,828.00.
• On Friday, September 12th, Gary Merrill sold 15,244 shares of CommVault Systems stock. The shares were sold at an average price of $178.01, for a total value of $2,713,584.44.

CommVault Systems Price Performance

CVLT traded down $0.18 on Friday, hitting $117.52. 70,705 shares of the company’s stock were exchanged, compared to its average volume of 583,949. CommVault Systems, Inc. has a fifty-two week low of $116.33 and a fifty-two week high of $200.68. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 66.07 and a beta of 0.68. The firm has a 50-day moving average price of $162.54 and a 200-day moving average price of $173.00. The company has a current ratio of 2.53, a quick ratio of 1.24 and a debt-to-equity ratio of 4.18.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, October 28th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.04). The business had revenue of $448.85 million for the quarter, compared to analysts’ expectations of $273.31 million. CommVault Systems had a net margin of 7.32% and a return on equity of 31.53%. The firm’s revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.83 EPS. CommVault Systems has set its Q3 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, equities analysts anticipate that CommVault Systems, Inc. will post 1.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CVLT has been the topic of several recent research reports. Cantor Fitzgerald lowered their price target on shares of CommVault Systems from $189.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Wall Street Zen lowered shares of CommVault Systems from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reissued a “hold (c)” rating on shares of CommVault Systems in a research note on Wednesday, October 8th. Guggenheim reaffirmed a “buy” rating and set a $220.00 price target on shares of CommVault Systems in a research report on Thursday, October 16th. Finally, KeyCorp lowered their price objective on CommVault Systems from $225.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, CommVault Systems currently has a consensus rating of “Moderate Buy” and an average target price of $195.10.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CVLT. Brooklyn Investment Group boosted its position in CommVault Systems by 8,550.0% in the 1st quarter. Brooklyn Investment Group now owns 173 shares of the software maker’s stock valued at $27,000 after buying an additional 171 shares during the period. State of Wyoming acquired a new stake in shares of CommVault Systems in the second quarter valued at $35,000. Banque Cantonale Vaudoise purchased a new position in CommVault Systems in the third quarter valued at $39,000. Cullen Frost Bankers Inc. boosted its holdings in CommVault Systems by 43.8% in the third quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock valued at $46,000 after purchasing an additional 74 shares during the period. Finally, Assetmark Inc. grew its stake in CommVault Systems by 2,950.0% during the 3rd quarter. Assetmark Inc. now owns 244 shares of the software maker’s stock worth $46,000 after purchasing an additional 236 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 provides data protection platform that helps customers to secure, defend, and recover their data in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls.