CommVault Systems, Inc. (CVLT) Insider Gary Merrill Sells 15,000 Shares

CommVault Systems, Inc. (NASDAQ:CVLT) insider Gary Merrill sold 15,000 shares of the business’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $57.51, for a total value of $862,650.00. Following the completion of the transaction, the insider now directly owns 39,312 shares of the company’s stock, valued at $2,260,833.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Gary Merrill also recently made the following trade(s):

  • On Tuesday, May 23rd, Gary Merrill sold 5,246 shares of CommVault Systems stock. The shares were sold at an average price of $55.06, for a total value of $288,844.76.

CommVault Systems, Inc. (NASDAQ CVLT) traded up 1.97% during midday trading on Monday, hitting $59.60. The stock had a trading volume of 201,313 shares. CommVault Systems, Inc. has a one year low of $44.05 and a one year high of $59.75. The company has a market cap of $2.68 billion, a P/E ratio of 5960.00 and a beta of 1.44. The stock’s 50-day moving average is $56.66 and its 200-day moving average is $52.88.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Wednesday, May 3rd. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.27. The business had revenue of $172.90 million for the quarter, compared to analyst estimates of $166.32 million. CommVault Systems had a net margin of 0.08% and a negative return on equity of 1.04%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the business posted $0.36 EPS. Equities analysts predict that CommVault Systems, Inc. will post $1.18 EPS for the current fiscal year.

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Hedge funds have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund raised its stake in shares of CommVault Systems by 4.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 15,377 shares of the software maker’s stock worth $868,000 after buying an additional 698 shares in the last quarter. Bank of Montreal Can raised its stake in shares of CommVault Systems by 38.0% in the second quarter. Bank of Montreal Can now owns 307,156 shares of the software maker’s stock worth $17,339,000 after buying an additional 84,530 shares in the last quarter. Capstone Asset Management Co. raised its stake in shares of CommVault Systems by 7.3% in the second quarter. Capstone Asset Management Co. now owns 4,573 shares of the software maker’s stock worth $258,000 after buying an additional 310 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of CommVault Systems during the second quarter worth $802,000. Finally, Nuveen Asset Management LLC raised its stake in shares of CommVault Systems by 8.9% in the first quarter. Nuveen Asset Management LLC now owns 90,403 shares of the software maker’s stock worth $4,592,000 after buying an additional 7,403 shares in the last quarter. Hedge funds and other institutional investors own 89.04% of the company’s stock.

CVLT has been the subject of several analyst reports. BidaskClub upgraded CommVault Systems from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Mizuho restated a “buy” rating and set a $62.00 price target on shares of CommVault Systems in a research note on Tuesday, June 20th. TheStreet raised CommVault Systems from a “c” rating to a “b” rating in a research report on Monday, April 24th. Jefferies Group LLC increased their price target on CommVault Systems from $64.00 to $67.00 and gave the company a “buy” rating in a report on Friday, May 5th. Finally, ValuEngine raised CommVault Systems from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. CommVault Systems presently has a consensus rating of “Buy” and a consensus price target of $60.22.

CommVault Systems Company Profile

Insider Buying and Selling by Quarter for CommVault Systems (NASDAQ:CVLT)

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