Insider Selling: CommVault Systems (NASDAQ:CVLT) CAO Sells $69,400.80 in Stock

CommVault Systems, Inc. (NASDAQ:CVLT) CAO Danielle Nicole Abrahamsen sold 486 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $142.80, for a total value of $69,400.80. Following the completion of the sale, the chief accounting officer owned 12,160 shares of the company’s stock, valued at approximately $1,736,448. This trade represents a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 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 value of $56,163.24.
• On Monday, August 17th, Danielle Nicole Abrahamsen sold 119 shares of CommVault Systems stock. The shares were sold at an average price of $143.98, for a total transaction of $17,133.62.
• On Thursday, July 2nd, Danielle Nicole Abrahamsen sold 254 shares of CommVault Systems stock. The shares were 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 stock was sold at an average price of $107.39, for a total transaction of $10,846.39.

CommVault Systems Trading Up 1.7%

Shares of CommVault Systems stock opened at $133.81 on Friday. The firm’s 50 day simple moving average is $138.61 and its two-hundred day simple moving average is $109.49. The firm has a market capitalization of $5.55 billion, a price-to-earnings ratio of 85.23 and a beta of 0.81. CommVault Systems, Inc. has a 12-month low of $71.75 and a 12-month high of $198.18. 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 (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. The business had revenue of $314.13 million during the quarter, compared to the consensus estimate of $310.43 million. CommVault Systems had a net margin of 5.62% and a return on equity of 88.75%. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.01 earnings per share. Analysts predict that CommVault Systems, Inc. will post 2.84 EPS for the current year.

Hedge Funds Weigh In On CommVault Systems

A number of institutional investors have recently modified their holdings of CVLT. Transamerica Financial Advisors LLC purchased a new stake in shares of CommVault Systems in the second quarter worth about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in CommVault Systems during the second quarter worth about $27,000. State of Wyoming purchased a new position in CommVault Systems during the second quarter valued at approximately $35,000. Banque Cantonale Vaudoise purchased a new position in CommVault Systems during the third quarter valued at approximately $39,000. Finally, Silvant Capital Management LLC acquired a new position in CommVault Systems in the second quarter valued at approximately $30,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Zacks Research downgraded CommVault Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Royal Bank Of Canada raised their price objective on CommVault Systems from $100.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 29th. Mizuho lifted their target price on CommVault Systems from $140.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Piper Sandler lowered CommVault Systems from an “overweight” rating to a “neutral” rating and set a $133.00 target price on the stock. in a research report on Tuesday, July 28th. Finally, Wall Street Zen downgraded shares of CommVault Systems from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.