CommVault Systems (NASDAQ:CVLT) CFO Jennifer Leigh Dirico Sells 14,909 Shares

Key Points

• CommVault Systems CFO Jennifer Leigh Dirico sold 14,909 shares at an average price of $182.22, decreasing her ownership by 24.83% and raising over $2.7 million from the sale.
• CommVault reported a strong quarterly earnings result with an EPS of $1.01, surpassing analyst expectations and demonstrating a revenue increase of 26% year-over-year.
• The stock has seen recent analyst upgrades, with price targets raised by several firms, including a significant increase from $195 to $225 by KeyCorp, indicating a generally positive outlook.

CommVault Systems, Inc. (NASDAQ:CVLT - Get Free Report) CFO Jennifer Leigh Dirico sold 14,909 shares of CommVault Systems stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $182.22, for a total value of $2,716,717.98. Following the sale, the chief financial officer directly owned 45,143 shares of the company's stock, valued at approximately $8,225,957.46. This trade represents a 24.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jennifer Leigh Dirico also recently made the following trade(s):

• On Monday, August 18th, Jennifer Leigh Dirico sold 11,151 shares of CommVault Systems stock. The shares were sold at an average price of $178.03, for a total value of $1,985,212.53.

CommVault Systems Trading Up 2.5%

Shares of CVLT traded up $4.49 during trading hours on Thursday, hitting $180.94. The company had a trading volume of 950,130 shares, compared to its average volume of 511,451. The company has a market capitalization of $8.04 billion, a PE ratio of 100.52 and a beta of 0.74. CommVault Systems, Inc. has a one year low of $128.07 and a one year high of $200.68. The company's fifty day moving average price is $178.28 and its two-hundred day moving average price is $171.49.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The software maker reported $1.01 EPS for the quarter, topping the consensus estimate of $0.97 by $0.04. The firm had revenue of $281.98 million during the quarter, compared to analyst estimates of $267.83 million. CommVault Systems had a return on equity of 30.83% and a net margin of 7.70%.CommVault Systems's revenue was up 26% on a year-over-year basis. CommVault Systems has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Analysts forecast that CommVault Systems, Inc. will post 1.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

CVLT has been the subject of several recent research reports. Piper Sandler boosted their price target on CommVault Systems from $168.00 to $170.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Wall Street Zen downgraded CommVault Systems from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Royal Bank Of Canada boosted their target price on CommVault Systems from $185.00 to $217.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. KeyCorp boosted their target price on CommVault Systems from $195.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Finally, Guggenheim set a $220.00 target price on CommVault Systems in a research note on Tuesday, July 29th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, CommVault Systems has a consensus rating of "Moderate Buy" and a consensus price target of $205.63.

Institutional Trading of CommVault Systems

Large investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. grew its stake in CommVault Systems by 101.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 159 shares of the software maker's stock valued at $25,000 after purchasing an additional 80 shares during the last quarter. Whipplewood Advisors LLC grew its stake in CommVault Systems by 584.0% during the 1st quarter. Whipplewood Advisors LLC now owns 171 shares of the software maker's stock valued at $27,000 after purchasing an additional 146 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in CommVault Systems during the 1st quarter valued at about $27,000. Brooklyn Investment Group grew its stake in CommVault Systems by 8,550.0% during the 1st quarter. Brooklyn Investment Group now owns 173 shares of the software maker's stock valued at $27,000 after purchasing an additional 171 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in CommVault Systems by 208.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 185 shares of the software maker's stock valued at $29,000 after purchasing an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

About CommVault Systems

Commvault Systems, Inc provides data protection platform that helps customers to secure, defend, and recover their data in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls.

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