Insider Selling: CommVault Systems (NASDAQ:CVLT) Director Sells 595 Shares of Stock

CommVault Systems, Inc. (NASDAQ:CVLT) Director Vivie Lee sold 595 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $134.19, for a total transaction of $79,843.05. Following the transaction, the director owned 15,140 shares in the company, valued at $2,031,636.60. This represents a 3.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CommVault Systems Stock Up 3.1%

Shares of CVLT stock traded up $4.16 on Monday, reaching $139.43. 1,093,094 shares of the company were exchanged, compared to its average volume of 960,106. The company has a debt-to-equity ratio of 16.94, a current ratio of 2.04 and a quick ratio of 2.04. The company has a 50-day moving average of $135.03 and a 200-day moving average of $107.14. The company has a market cap of $5.78 billion, a price-to-earnings ratio of 88.81 and a beta of 0.81. CommVault Systems, Inc. has a one year low of $71.75 and a one year high of $198.18.

CommVault Systems (NASDAQ:CVLT) last issued its earnings results on Tuesday, July 28th. The software maker reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.26. CommVault Systems had a return on equity of 88.75% and a net margin of 5.62%.The business 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 company posted $1.01 EPS. The firm’s revenue was up 11.4% compared to the same quarter last year. Analysts anticipate that CommVault Systems, Inc. will post 2.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CVLT shares. Wolfe Research initiated coverage on CommVault Systems in a research report on Friday, May 1st. They set a “peer perform” rating on the stock. Robert W. Baird reduced their price target on shares of CommVault Systems from $185.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. Truist Financial boosted their price target on shares of CommVault Systems from $155.00 to $182.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. UBS Group reaffirmed a “neutral” rating on shares of CommVault Systems in a research note on Monday, July 27th. Finally, Oppenheimer lifted their price objective on shares of CommVault Systems from $150.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $152.47.

Institutional Investors Weigh In On CommVault Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in CommVault Systems in the second quarter worth $855,420,000. M&T Bank Corp increased its position in shares of CommVault Systems by 22,133.9% during the 4th quarter. M&T Bank Corp now owns 610,098 shares of the software maker’s stock valued at $76,482,000 after purchasing an additional 607,354 shares during the last quarter. TD Asset Management Inc raised its stake in shares of CommVault Systems by 14,047.5% during the 4th quarter. TD Asset Management Inc now owns 381,982 shares of the software maker’s stock worth $47,885,000 after purchasing an additional 379,282 shares during the period. AQR Capital Management LLC raised its stake in shares of CommVault Systems by 60.8% during the 2nd quarter. AQR Capital Management LLC now owns 893,385 shares of the software maker’s stock worth $155,744,000 after purchasing an additional 337,830 shares during the period. Finally, Pictet Asset Management Holding SA boosted its holdings in shares of CommVault Systems by 36.2% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,239,225 shares of the software maker’s stock worth $96,447,000 after buying an additional 329,243 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

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.