Commvault Systems, Inc. (NASDAQ:CVLT - Get Free Report) CFO Gary Merrill sold 5,691 shares of the business's stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $110.60, for a total value of $629,424.60. Following the completion of the transaction, the chief financial officer now owns 117,811 shares in the company, valued at approximately $13,029,896.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Gary Merrill also recently made the following trade(s):
- On Thursday, May 16th, Gary Merrill sold 6,040 shares of Commvault Systems stock. The shares were sold at an average price of $110.20, for a total transaction of $665,608.00.
- On Monday, March 4th, Gary Merrill sold 822 shares of Commvault Systems stock. The stock was sold at an average price of $97.25, for a total value of $79,939.50.
Commvault Systems Price Performance
Shares of CVLT opened at $110.03 on Thursday. Commvault Systems, Inc. has a one year low of $63.70 and a one year high of $113.37. The company has a 50-day simple moving average of $101.78 and a two-hundred day simple moving average of $89.14. The firm has a market capitalization of $4.78 billion, a PE ratio of 29.26 and a beta of 0.64.
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Commvault Systems (NASDAQ:CVLT - Get Free Report) last announced its earnings results on Tuesday, April 30th. The software maker reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.10. Commvault Systems had a net margin of 20.13% and a return on equity of 31.27%. The business had revenue of $223.29 million during the quarter, compared to the consensus estimate of $213.00 million. Analysts expect that Commvault Systems, Inc. will post 1.7 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of CVLT. Daiwa Securities Group Inc. increased its holdings in Commvault Systems by 700.0% during the first quarter. Daiwa Securities Group Inc. now owns 800 shares of the software maker's stock valued at $81,000 after buying an additional 700 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Commvault Systems during the 4th quarter valued at $67,000. EntryPoint Capital LLC increased its stake in shares of Commvault Systems by 123.9% in the 1st quarter. EntryPoint Capital LLC now owns 1,263 shares of the software maker's stock worth $128,000 after purchasing an additional 699 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Commvault Systems by 28.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,429 shares of the software maker's stock worth $97,000 after purchasing an additional 317 shares during the period. Finally, Ulland Investment Advisors LLC purchased a new position in Commvault Systems during the first quarter valued at $180,000. 93.50% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on CVLT shares. Lake Street Capital boosted their target price on shares of Commvault Systems from $86.00 to $98.00 and gave the company a "hold" rating in a report on Wednesday, May 1st. DA Davidson increased their price objective on Commvault Systems from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Wednesday, May 1st. KeyCorp lifted their target price on Commvault Systems from $109.00 to $122.00 and gave the company an "overweight" rating in a report on Wednesday, May 1st. Wells Fargo & Company increased their price target on shares of Commvault Systems from $125.00 to $140.00 and gave the stock an "overweight" rating in a report on Thursday, May 16th. Finally, Royal Bank of Canada boosted their price objective on shares of Commvault Systems from $97.00 to $112.00 and gave the company a "sector perform" rating in a research note on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Commvault Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $119.40.
Read Our Latest Report on Commvault Systems
Commvault Systems Company Profile
(
Get Free Report)
Commvault Systems, Inc provides data protection platform that helps customers to secure, defend, and recover their data in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls.
Further Reading
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