CommVault Systems (NASDAQ:CVLT) CAO Danielle Nicole Abrahamsen Sells 365 Shares

CommVault Systems, Inc. (NASDAQ:CVLT - Get Free Report) CAO Danielle Nicole Abrahamsen sold 365 shares of the business's stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $99.13, for a total transaction of $36,182.45. Following the completion of the sale, the chief accounting officer directly owned 13,216 shares in the company, valued at $1,310,102.08. This trade represents a 2.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.

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Danielle Nicole Abrahamsen also recently made the following trade(s):

• On Tuesday, May 19th, Danielle Nicole Abrahamsen sold 1,065 shares of CommVault Systems stock. The shares were sold at an average price of $105.84, for a total transaction of $112,719.60.
• On Monday, May 18th, Danielle Nicole Abrahamsen sold 925 shares of CommVault Systems stock. The stock was sold at an average price of $104.52, for a total transaction of $96,681.00.

CommVault Systems Price Performance

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Shares of CommVault Systems stock opened at $106.00 on Friday. The firm has a market cap of $4.37 billion, a P/E ratio of 66.67 and a beta of 0.77. The firm's 50-day simple moving average is $89.91 and its 200-day simple moving average is $104.23. CommVault Systems, Inc. has a twelve month low of $71.75 and a twelve month high of $200.68. The company has a debt-to-equity ratio of 117.54, a quick ratio of 1.95 and a current ratio of 1.95.

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CommVault Systems (NASDAQ:CVLT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The software maker reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.19. The firm had revenue of $311.69 million during the quarter, compared to analyst estimates of $306.71 million. CommVault Systems had a net margin of 5.97% and a return on equity of 51.64%. The company's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.03 earnings per share. As a group, research analysts expect that CommVault Systems, Inc. will post 2.86 EPS for the current fiscal year.

CommVault Systems News Summary

Here are the key news stories impacting CommVault Systems this week:

• Positive Sentiment: Commvault’s recent quarterly results were strong, with EPS and revenue both beating expectations and revenue rising 13.3% year over year, which can support the stock over time.
• Neutral Sentiment: Several insider sales by the CEO, CFO, and CAO were disclosed, but the company said they were made under pre-arranged 10b5-1 plans and largely to cover tax withholding obligations related to equity awards.
• Negative Sentiment: Multiple law firms issued class action notices and deadline reminders alleging Commvault may have made false or misleading statements to investors, keeping legal risk in focus for Article Title
• Negative Sentiment: One lawsuit notice specifically tied the case to ARR growth problems and a prior sharp share-price decline, reinforcing concerns that guidance and growth expectations may have been too optimistic.

Institutional Investors Weigh In On CommVault Systems

• Commvault Stock: AI Cybersecurity Giant Ready to Double Again

Large investors have recently bought and sold shares of the business. Tudor Investment Corp ET AL bought a new position in CommVault Systems in the 3rd quarter valued at $1,887,800,000. First Trust Advisors LP grew its holdings in shares of CommVault Systems by 1,335.8% during the third quarter. First Trust Advisors LP now owns 1,224,856 shares of the software maker's stock worth $231,228,000 after purchasing an additional 1,139,547 shares during the last quarter. M&T Bank Corp grew its holdings in shares of CommVault Systems by 22,133.9% during the fourth quarter. M&T Bank Corp now owns 610,098 shares of the software maker's stock worth $76,482,000 after purchasing an additional 607,354 shares during the last quarter. Westfield Capital Management Co. LP increased its stake in shares of CommVault Systems by 135.6% in the third quarter. Westfield Capital Management Co. LP now owns 786,175 shares of the software maker's stock valued at $148,414,000 after buying an additional 452,422 shares in the last quarter. Finally, TD Asset Management Inc raised its holdings in shares of CommVault Systems by 14,047.5% in the fourth quarter. TD Asset Management Inc now owns 381,982 shares of the software maker's stock valued at $47,885,000 after buying an additional 379,282 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Wells Fargo & Company cut their target price on CommVault Systems from $190.00 to $155.00 and set an "overweight" rating for the company in a research report on Wednesday, January 28th. William Blair reiterated a "market perform" rating on shares of CommVault Systems in a research note on Monday, March 23rd. Loop Capital began coverage on CommVault Systems in a report on Tuesday, March 24th. They set a "buy" rating and a $125.00 price objective for the company. Cantor Fitzgerald reduced their target price on shares of CommVault Systems from $144.00 to $100.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 28th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $125.00 target price on shares of CommVault Systems in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $135.00.

View Our Latest Analysis on CommVault Systems

CommVault Systems Company Profile

(Get Free Report)

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.

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