CommVault Systems (NASDAQ:CVLT) CAO Danielle Nicole Abrahamsen Sells 391 Shares

Key Points

• Chief Accounting Officer Danielle Abrahamsen sold 391 CommVault shares for $56,163 at an average price of $143.64, reducing her direct holdings by 3% to 12,646 shares. The transaction was conducted under a Rule 10b5-1 plan to cover tax obligations tied to vested equity awards.
• CommVault reported stronger-than-expected quarterly results, with earnings of $1.42 per share versus the $1.16 consensus estimate and revenue of $314.13 million, up 11.4% year over year.
• Shares recently traded at $137.32, while analysts maintain a “Moderate Buy” consensus and an average price target of $152.47. The company also faces early-stage shareholder-investigation claims that could add legal and governance uncertainty.

CommVault Systems, Inc. (NASDAQ:CVLT - Get Free Report) CAO Danielle Nicole Abrahamsen sold 391 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $143.64, for a total transaction of $56,163.24. Following the sale, the chief accounting officer directly owned 12,646 shares of the company's stock, valued at $1,816,471.44. This trade represents a 3.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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.

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

• On Wednesday, August 19th, Danielle Nicole Abrahamsen sold 486 shares of CommVault Systems stock. The stock was sold at an average price of $142.80, for a total transaction of $69,400.80.
• On Monday, August 17th, Danielle Nicole Abrahamsen sold 119 shares of CommVault Systems stock. The stock was sold at an average price of $143.98, for a total transaction of $17,133.62.
• On Thursday, July 2nd, Danielle Nicole Abrahamsen sold 254 shares of CommVault Systems stock. The stock was sold at an average price of $150.00, for a total value of $38,100.00.
• On Tuesday, May 26th, Danielle Nicole Abrahamsen sold 277 shares of CommVault Systems stock. The shares were sold at an average price of $106.70, for a total transaction of $29,555.90.
• On Friday, May 22nd, Danielle Nicole Abrahamsen sold 101 shares of CommVault Systems stock. The shares were sold at an average price of $107.39, for a total transaction of $10,846.39.

CommVault Systems Stock Performance

CommVault Systems stock traded down $5.49 during trading on Wednesday, reaching $137.32. The company had a trading volume of 449,257 shares, compared to its average volume of 935,905. The firm has a market capitalization of $5.69 billion, a price-to-earnings ratio of 87.46 and a beta of 0.81. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 16.94. The firm's 50-day simple moving average is $138.16 and its 200 day simple moving average is $108.64. CommVault Systems, Inc. has a 52 week low of $71.75 and a 52 week high of $198.18.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The software maker reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.26. CommVault Systems had a net margin of 5.62% and a return on equity of 88.75%. The business had revenue of $314.13 million for the quarter, compared to the consensus estimate of $310.43 million. During the same quarter in the previous year, the firm earned $1.01 earnings per share. The company's revenue for the quarter was up 11.4% on a year-over-year basis. Sell-side analysts forecast that CommVault Systems, Inc. will post 2.84 earnings per share for the current fiscal year.

CommVault Systems News Roundup

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

• Positive Sentiment: Commvault expanded its Cloud Rewind offering with broader Microsoft Azure resource coverage, aiming to help customers protect and recover cloud-native and AI-driven applications after cyberattacks or outages. The announcement supports the company’s positioning in the growing data resilience, cloud protection and AI infrastructure markets. Commvault Advances AI and Cloud Application Resilience with Expanded Cloud Rewind Coverage
• Positive Sentiment: Analysts assign Commvault a consensus rating of “Moderate Buy,” indicating that overall Wall Street sentiment remains favorable despite recent selling pressure. CommVault Systems Given Consensus Rating of Moderate Buy
• Neutral Sentiment: CEO Sanjay Mirchandani, CFO Gary Merrill and Chief Accounting Officer Danielle Abrahamsen reported sales of company stock during August 17–19. The transactions were executed under pre-arranged Rule 10b5-1 plans and were specifically described as sales to cover tax-withholding obligations from vested equity awards, reducing their significance as a discretionary bearish signal. Executives continue to own substantial positions.
• Negative Sentiment: Bernstein Liebhard announced an investigation into potential breaches of fiduciary duty by certain Commvault directors and officers. The investigation is at an early stage and does not establish wrongdoing, but it introduces legal and governance uncertainty that could weigh on investor sentiment. CommVault Shareholder Investigation Alert

Institutional Trading of CommVault Systems

Institutional investors and hedge funds have recently made changes to their positions in the business. Transamerica Financial Advisors LLC bought a new stake in CommVault Systems during the 2nd quarter valued at about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in CommVault Systems in the 2nd quarter worth about $27,000. Silvant Capital Management LLC purchased a new position in shares of CommVault Systems during the second quarter worth approximately $30,000. State of Wyoming purchased a new position in shares of CommVault Systems during the second quarter worth approximately $35,000. Finally, Essential Partners LLC raised its stake in shares of CommVault Systems by 9,920.0% during the first quarter. Essential Partners LLC now owns 501 shares of the software maker's stock valued at $39,000 after acquiring an additional 496 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on CVLT shares. DA Davidson set a $175.00 price objective on CommVault Systems in a report on Wednesday, July 29th. Piper Sandler lowered shares of CommVault Systems from an "overweight" rating to a "neutral" rating and set a $133.00 target price for the company. in a report on Tuesday, July 28th. Cantor Fitzgerald restated a "neutral" rating and issued a $132.00 price target on shares of CommVault Systems in a research report on Monday, July 27th. Zacks Research downgraded shares of CommVault Systems from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 1st. Finally, Truist Financial lifted their price objective on shares of CommVault Systems from $155.00 to $182.00 and gave the stock a "buy" rating in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $152.47.

About CommVault Systems

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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