CommVault Systems (NASDAQ:CVLT) CFO Gary Merrill Sells 1,854 Shares

Key Points

• CFO Gary Merrill sold 1,854 CommVault shares at an average price of $143.64, generating $266,308.56. The sale was made under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards, leaving him with 70,921 shares.
• CommVault shares fell 3.8% to $137.32, while the company reported quarterly EPS of $1.42, beating estimates of $1.16. Revenue rose 11.4% year over year to $314.13 million.
• Wall Street maintains a “Moderate Buy” consensus rating with an average price target of $152.47, although a shareholder investigation has introduced legal and governance uncertainty.

CommVault Systems, Inc. (NASDAQ:CVLT - Get Free Report) CFO Gary Merrill sold 1,854 shares of the firm's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $143.64, for a total transaction of $266,308.56. Following the completion of the sale, the chief financial officer owned 70,921 shares in the company, valued at $10,187,092.44. The trade was a 2.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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.

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

• On Wednesday, August 19th, Gary Merrill sold 1,293 shares of CommVault Systems stock. The stock was sold at an average price of $142.80, for a total transaction of $184,640.40.
• On Tuesday, May 26th, Gary Merrill sold 4,554 shares of CommVault Systems stock. The shares were sold at an average price of $106.70, for a total value of $485,911.80.
• On Friday, May 22nd, Gary Merrill sold 3,777 shares of CommVault Systems stock. The shares were sold at an average price of $107.39, for a total value of $405,612.03.

CommVault Systems Stock Down 3.8%

NASDAQ CVLT traded down $5.49 during trading on Wednesday, reaching $137.32. 449,257 shares of the company's stock were exchanged, compared to its average volume of 935,905. The company has a 50 day moving average price of $138.16 and a two-hundred day moving average price of $108.64. The stock has a market cap of $5.69 billion, a P/E ratio of 87.46 and a beta of 0.81. CommVault Systems, Inc. has a 1 year low of $71.75 and a 1 year high of $198.18. The company has a debt-to-equity ratio of 16.94, a quick ratio of 2.04 and a current ratio of 2.04.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The software maker reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.26. CommVault Systems had a return on equity of 88.75% and a net margin of 5.62%.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 prior year, the business posted $1.01 EPS. The business's revenue for the quarter was up 11.4% on a year-over-year basis. On average, equities research analysts anticipate that CommVault Systems, Inc. will post 2.84 EPS for the current fiscal year.

Key Headlines Impacting CommVault Systems

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

Several institutional investors and hedge funds have recently bought and sold shares of CVLT. Transamerica Financial Advisors LLC purchased a new position in CommVault Systems during the 2nd quarter worth $25,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of CommVault Systems in the second quarter valued at about $27,000. Silvant Capital Management LLC purchased a new stake in shares of CommVault Systems in the second quarter valued at about $30,000. State of Wyoming acquired a new stake in shares of CommVault Systems during the second quarter worth about $35,000. Finally, Essential Partners LLC boosted 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 worth $39,000 after buying an additional 496 shares during the period. Hedge funds and other institutional investors own 93.50% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CVLT shares. Weiss Ratings upgraded shares of CommVault Systems from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, June 16th. Scotiabank reiterated a "sector perform" rating and set a $130.00 price target on shares of CommVault Systems in a research note on Wednesday, July 29th. Royal Bank Of Canada boosted their price target on shares of CommVault Systems from $100.00 to $110.00 and gave the company a "sector perform" rating in a research report on Wednesday, April 29th. Oppenheimer upped their price objective on shares of CommVault Systems from $150.00 to $175.00 and gave the company an "outperform" rating in a research note on Friday, July 17th. Finally, Wall Street Zen lowered CommVault Systems from a "buy" rating to a "hold" rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, CommVault Systems presently has an average rating of "Moderate Buy" and a consensus price target of $152.47.

CommVault Systems Company Profile

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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