Gary Merrill Sells 2,593 Shares of CommVault Systems (NASDAQ:CVLT) Stock

CommVault Systems, Inc. (NASDAQ:CVLT) insider Gary Merrill sold 2,593 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $90.28, for a total transaction of $234,096.04. Following the sale, the insider owned 64,725 shares in the company, valued at approximately $5,843,373. This trade represents a 3.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Thursday, February 19th, Gary Merrill sold 1,892 shares of CommVault Systems stock. The stock was sold at an average price of $91.28, for a total transaction of $172,701.76.

CommVault Systems Price Performance

NASDAQ CVLT traded down $1.34 during trading hours on Friday, reaching $91.00. 848,691 shares of the stock traded hands, compared to its average volume of 1,083,047. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.34 and a quick ratio of 2.34. The stock has a 50 day simple moving average of $111.19 and a two-hundred day simple moving average of $144.52. CommVault Systems, Inc. has a 1 year low of $79.51 and a 1 year high of $200.68. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 46.91 and a beta of 0.59.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.17 EPS for the quarter, beating the consensus estimate of $0.98 by $0.19. CommVault Systems had a return on equity of 37.38% and a net margin of 7.58%.The firm had revenue of $313.83 million for the quarter, compared to analyst estimates of $299.07 million. During the same period in the prior year, the company earned $0.94 EPS. The company’s revenue was up 19.5% on a year-over-year basis. On average, analysts predict that CommVault Systems, Inc. will post 1.65 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CVLT shares. Guggenheim reduced their price objective on CommVault Systems from $200.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Wells Fargo & Company reduced their price target on CommVault Systems from $190.00 to $155.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CommVault Systems in a research note on Wednesday, January 21st. Zacks Research raised CommVault Systems from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. Finally, Stephens cut their target price on shares of CommVault Systems from $162.00 to $135.00 and set an “overweight” rating on the stock in a report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, CommVault Systems has an average rating of “Moderate Buy” and a consensus price target of $143.58.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. State of Wyoming purchased a new position in CommVault Systems during the 2nd quarter valued at about $35,000. FNY Investment Advisers LLC purchased a new stake in shares of CommVault Systems during the fourth quarter valued at $36,000. Banque Cantonale Vaudoise purchased a new stake in shares of CommVault Systems during the third quarter valued at $39,000. Assetmark Inc. increased its holdings in CommVault Systems by 33.6% in the 4th quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock worth $41,000 after buying an additional 82 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its position in 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 buying an additional 74 shares during 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.