CommVault Systems, Inc. (NASDAQ:CVLT) insider Gary Merrill sold 3,072 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $59.01, for a total value of $181,278.72. Following the transaction, the insider now directly owns 23,878 shares of the company’s stock, valued at $1,409,040.78. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Friday, June 23rd, Gary Merrill sold 15,000 shares of CommVault Systems stock. The stock was sold at an average price of $57.51, for a total value of $862,650.00.
  • On Tuesday, May 23rd, Gary Merrill sold 5,246 shares of CommVault Systems stock. The stock was sold at an average price of $55.06, for a total value of $288,844.76.

CommVault Systems, Inc. (NASDAQ:CVLT) traded up 0.51% on Wednesday, reaching $59.10. The company had a trading volume of 163,250 shares. The company’s 50-day moving average is $58.92 and its 200-day moving average is $54.25. The company has a market capitalization of $2.69 billion, a PE ratio of 1036.84 and a beta of 1.45. CommVault Systems, Inc. has a 52-week low of $47.61 and a 52-week high of $64.60.

CommVault Systems (NASDAQ:CVLT) last posted its earnings results on Tuesday, July 25th. The software maker reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. The company had revenue of $165.97 million for the quarter, compared to the consensus estimate of $159.92 million. CommVault Systems had a return on equity of 0.30% and a net margin of 0.35%. CommVault Systems’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 earnings per share. Equities analysts anticipate that CommVault Systems, Inc. will post $1.22 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece was originally published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.watchlistnews.com/insider-selling-commvault-systems-inc-cvlt-insider-sells-3072-shares-of-stock/1496636.html.

Hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in CommVault Systems by 11.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,904 shares of the software maker’s stock worth $107,000 after buying an additional 203 shares during the last quarter. US Bancorp DE boosted its position in CommVault Systems by 47.0% in the second quarter. US Bancorp DE now owns 2,102 shares of the software maker’s stock worth $119,000 after buying an additional 672 shares during the period. Meadow Creek Investment Management LLC boosted its position in CommVault Systems by 2.4% in the first quarter. Meadow Creek Investment Management LLC now owns 2,352 shares of the software maker’s stock worth $120,000 after buying an additional 56 shares during the period. Riverhead Capital Management LLC boosted its position in CommVault Systems by 70.9% in the second quarter. Riverhead Capital Management LLC now owns 2,563 shares of the software maker’s stock worth $145,000 after buying an additional 1,063 shares during the period. Finally, Glen Harbor Capital Management LLC boosted its position in CommVault Systems by 2.4% in the first quarter. Glen Harbor Capital Management LLC now owns 2,856 shares of the software maker’s stock worth $145,000 after buying an additional 68 shares during the period. Institutional investors own 85.44% of the company’s stock.

Several research analysts have recently weighed in on CVLT shares. Jefferies Group LLC upped their target price on CommVault Systems from $64.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. TheStreet downgraded CommVault Systems from a “b” rating to a “c” rating in a research note on Monday, June 5th. BidaskClub downgraded CommVault Systems from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Mizuho reaffirmed a “buy” rating and set a $62.00 target price on shares of CommVault Systems in a research note on Tuesday, June 20th. Finally, Lake Street Capital raised CommVault Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $67.00.

About CommVault Systems

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

Receive News & Ratings for CommVault Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CommVault Systems Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.