N Robert Hammer Sells 187,502 Shares of CommVault Systems, Inc. (CVLT) Stock
CommVault Systems, Inc. (NASDAQ:CVLT) Chairman N Robert Hammer sold 187,502 shares of CommVault Systems stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $50.73, for a total transaction of $9,511,976.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
CommVault Systems, Inc. (CVLT) traded up $1.60 during mid-day trading on Monday, hitting $52.40. 695,849 shares of the company traded hands, compared to its average volume of 595,696. The firm has a market capitalization of $2,350.00, a PE ratio of -28.95, a P/E/G ratio of 81.28 and a beta of 1.31. CommVault Systems, Inc. has a twelve month low of $48.08 and a twelve month high of $64.60.
CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Wednesday, January 24th. The software maker reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $180.37 million for the quarter, compared to analyst estimates of $182.01 million. CommVault Systems had a positive return on equity of 0.32% and a negative net margin of 8.30%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 earnings per share. equities research analysts forecast that CommVault Systems, Inc. will post 0.03 EPS for the current fiscal year.
Several research firms recently commented on CVLT. BidaskClub upgraded shares of CommVault Systems from a “strong sell” rating to a “sell” rating in a report on Thursday, January 4th. Mizuho restated a “buy” rating and set a $75.00 price target on shares of CommVault Systems in a report on Wednesday, January 17th. Wells Fargo & Co began coverage on shares of CommVault Systems in a report on Tuesday, November 14th. They set an “outperform” rating and a $64.00 price target for the company. Zacks Investment Research cut shares of CommVault Systems from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Finally, Lake Street Capital restated a “buy” rating and set a $58.00 price target (down from $60.00) on shares of CommVault Systems in a report on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $69.78.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in CommVault Systems by 2.2% in the fourth quarter. BlackRock Inc. now owns 4,424,276 shares of the software maker’s stock valued at $232,274,000 after acquiring an additional 96,629 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in CommVault Systems by 9.7% in the fourth quarter. Bank of New York Mellon Corp now owns 1,951,363 shares of the software maker’s stock valued at $102,446,000 after acquiring an additional 172,195 shares during the last quarter. Champlain Investment Partners LLC lifted its stake in CommVault Systems by 7.8% in the fourth quarter. Champlain Investment Partners LLC now owns 1,496,415 shares of the software maker’s stock valued at $78,562,000 after acquiring an additional 108,140 shares during the last quarter. Mackenzie Financial Corp lifted its stake in CommVault Systems by 7.3% in the fourth quarter. Mackenzie Financial Corp now owns 1,459,688 shares of the software maker’s stock valued at $76,634,000 after acquiring an additional 99,800 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in CommVault Systems by 21.1% in the fourth quarter. Victory Capital Management Inc. now owns 819,388 shares of the software maker’s stock valued at $43,018,000 after acquiring an additional 142,611 shares during the last quarter. Hedge funds and other institutional investors own 88.73% of the company’s stock.
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CommVault Systems Company Profile
Commvault Systems, Inc (Commvault) is a provider of data and information management software applications and related services. The Company develops, markets and sells a suite of software applications and services, primarily in North America, Europe, Australia and Asia, that provides its customers with data protection solutions supporting all operating systems, applications, and databases on virtual and physical servers, Network Attached Storage (NAS) shares, cloud-based infrastructures, and mobile devices; management through a single console; multiple protection methods, including backup and archive, snapshot management, replication, and content indexing for eDiscovery; storage management using deduplication for disk, tape and cloud; integration with the storage arrays; complete virtual infrastructure management supporting multiple hypervisors; security capabilities to limit access to critical data, and policy-based data management.
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