Insider Selling: CommVault Systems (NASDAQ:CVLT) CAO Sells $17,133.62 in Stock

CommVault Systems, Inc. (NASDAQ:CVLT) CAO Danielle Nicole Abrahamsen sold 119 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $143.98, for a total transaction of $17,133.62. Following the transaction, the chief accounting officer owned 13,037 shares of the company’s stock, valued at $1,877,067.26. This represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Danielle Nicole Abrahamsen also recently made the following trade(s):

• On Wednesday, August 19th, Danielle Nicole Abrahamsen sold 486 shares of CommVault Systems stock. The shares were sold at an average price of $142.80, for a total transaction of $69,400.80.
• On Tuesday, August 18th, Danielle Nicole Abrahamsen sold 391 shares of CommVault Systems stock. The stock was sold at an average price of $143.64, for a total transaction of $56,163.24.
• On Thursday, July 2nd, Danielle Nicole Abrahamsen sold 254 shares of CommVault Systems stock. The stock was sold at an average price of $150.00, for a total transaction of $38,100.00.
• On Tuesday, May 26th, Danielle Nicole Abrahamsen sold 277 shares of CommVault Systems stock. The stock was sold at an average price of $106.70, for a total transaction of $29,555.90.
• On Friday, May 22nd, Danielle Nicole Abrahamsen sold 101 shares of CommVault Systems stock. The shares were sold at an average price of $107.39, for a total transaction of $10,846.39.

CommVault Systems Trading Up 1.7%

CVLT stock opened at $133.81 on Friday. 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, Inc. has a 12-month low of $71.75 and a 12-month high of $198.18. The stock has a market cap of $5.55 billion, a price-to-earnings ratio of 85.23 and a beta of 0.81. The business’s 50-day moving average is $138.61 and its 200 day moving average is $109.49.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings data on Tuesday, July 28th. The software maker reported $1.42 EPS for the quarter, topping 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 company had revenue of $314.13 million during the quarter, compared to analyst estimates of $310.43 million. During the same period in the previous year, the business earned $1.01 EPS. CommVault Systems’s quarterly revenue was up 11.4% on a year-over-year basis. On average, sell-side analysts anticipate that CommVault Systems, Inc. will post 2.84 EPS for the current fiscal year.

Institutional Investors Weigh In On CommVault Systems

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Transamerica Financial Advisors LLC purchased a new position in CommVault Systems during the second quarter worth approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in CommVault Systems in the 2nd quarter valued at $27,000. Silvant Capital Management LLC purchased a new stake in CommVault Systems in the 2nd quarter valued at $30,000. State of Wyoming acquired a new stake in shares of CommVault Systems in the 2nd quarter worth $35,000. Finally, Essential Partners LLC raised its holdings in shares of CommVault Systems by 9,920.0% during the 1st quarter. Essential Partners LLC now owns 501 shares of the software maker’s stock worth $39,000 after acquiring an additional 496 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

CVLT has been the subject of several recent research reports. Stephens increased their price objective on CommVault Systems from $135.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, June 16th. DA Davidson set a $175.00 target price on shares of CommVault Systems in a research note on Wednesday, July 29th. Wolfe Research initiated coverage on shares of CommVault Systems in a research note on Friday, May 1st. They set a “peer perform” rating on the stock. Oppenheimer upped their target price on shares of CommVault Systems from $150.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Finally, KeyCorp increased their target price on shares of CommVault Systems from $125.00 to $175.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $152.47.

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.