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.
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
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