Commvault Systems, Inc. (NASDAQ:CVLT - Get Free Report) CFO Gary Merrill sold 661 shares of the firm's stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $110.58, for a total transaction of $73,093.38. Following the transaction, the chief financial officer now owns 114,373 shares of the company's stock, valued at approximately $12,647,366.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Gary Merrill also recently made the following trade(s):
- On Monday, May 20th, Gary Merrill sold 5,691 shares of Commvault Systems stock. The stock was sold at an average price of $110.60, for a total transaction of $629,424.60.
- 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 Stock Down 0.0 %
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CVLT stock traded down $0.03 during midday trading on Friday, reaching $110.60. 184,668 shares of the company's stock traded hands, compared to its average volume of 365,128. The firm's fifty day moving average price is $102.25 and its 200-day moving average price is $89.59. Commvault Systems, Inc. has a 52 week low of $63.70 and a 52 week high of $113.37. The company has a market cap of $4.80 billion, a price-to-earnings ratio of 29.41 and a beta of 0.64.
Commvault Systems (NASDAQ:CVLT - Get Free Report) last posted its earnings results on Tuesday, April 30th. The software maker reported $0.42 EPS for the quarter, topping the consensus estimate of $0.32 by $0.10. Commvault Systems had a net margin of 20.13% and a return on equity of 31.27%. The company had revenue of $223.29 million during the quarter, compared to the consensus estimate of $213.00 million. Analysts forecast that Commvault Systems, Inc. will post 1.7 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research firms recently commented on CVLT. Royal Bank of Canada raised their target price on Commvault Systems from $97.00 to $112.00 and gave the stock a "sector perform" rating in a research note on Wednesday, May 1st. KeyCorp lifted their price objective on shares of Commvault Systems from $109.00 to $122.00 and gave the company an "overweight" rating in a research note on Wednesday, May 1st. Wells Fargo & Company increased their target price on shares of Commvault Systems from $125.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday, May 16th. Lake Street Capital lifted their price target on shares of Commvault Systems from $86.00 to $98.00 and gave the company a "hold" rating in a research note on Wednesday, May 1st. Finally, DA Davidson upped their price objective on shares of Commvault Systems from $115.00 to $125.00 and gave the company a "buy" rating in a report on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $119.40.
Read Our Latest Research Report on Commvault Systems
Institutional Trading of Commvault Systems
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CVLT. Comerica Bank grew its stake in shares of Commvault Systems by 23.7% in the 1st quarter. Comerica Bank now owns 22,028 shares of the software maker's stock worth $2,234,000 after acquiring an additional 4,224 shares in the last quarter. Virtus Investment Advisers Inc. increased its stake in Commvault Systems by 10.1% in the 1st quarter. Virtus Investment Advisers Inc. now owns 13,316 shares of the software maker's stock valued at $1,351,000 after buying an additional 1,226 shares during the last quarter. Bayesian Capital Management LP bought a new position in shares of Commvault Systems during the 1st quarter worth approximately $351,000. Aristides Capital LLC purchased a new position in shares of Commvault Systems in the 1st quarter worth approximately $277,000. Finally, BOKF NA grew its holdings in shares of Commvault Systems by 55.3% in the first quarter. BOKF NA now owns 3,119 shares of the software maker's stock valued at $313,000 after acquiring an additional 1,110 shares in the last quarter. 93.50% of the stock is owned by institutional investors.
About Commvault Systems
(
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.
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