Insider Selling: CommVault Systems (NASDAQ:CVLT) CFO Sells 14,909 Shares of Stock

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 the firm's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $182.22, for a total value of $2,716,717.98. Following the transaction, the chief financial officer owned 45,143 shares in the company, valued at $8,225,957.46. This represents a 24.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 Price Performance

Shares of CVLT stock traded up $0.13 during midday trading on Tuesday, hitting $189.67. The company had a trading volume of 638,437 shares, compared to its average volume of 630,178. The company's 50 day simple moving average is $179.11 and its 200 day simple moving average is $171.89. CommVault Systems, Inc. has a 52-week low of $128.07 and a 52-week high of $200.68. The stock has a market cap of $8.43 billion, a price-to-earnings ratio of 105.37 and a beta of 0.74.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The software maker reported $1.01 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.04. CommVault Systems had a return on equity of 30.83% and a net margin of 7.70%.The firm had revenue of $281.98 million for the quarter, compared to the consensus estimate of $267.83 million. CommVault Systems's revenue for the quarter 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 anticipate that CommVault Systems, Inc. will post 1.65 EPS for the current year.

Institutional Investors Weigh In On CommVault Systems

Institutional investors have recently added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in shares of CommVault Systems in the first quarter worth about $116,223,000. Wedge Capital Management L L P NC lifted its holdings in CommVault Systems by 1,936.0% during the 1st quarter. Wedge Capital Management L L P NC now owns 360,355 shares of the software maker's stock worth $56,850,000 after buying an additional 342,656 shares during the last quarter. AQR Capital Management LLC raised its position in shares of CommVault Systems by 60.8% during the 2nd quarter. AQR Capital Management LLC now owns 893,385 shares of the software maker's stock worth $155,744,000 after purchasing an additional 337,830 shares during the period. Westfield Capital Management Co. LP acquired a new stake in shares of CommVault Systems during the 2nd quarter worth approximately $58,183,000. Finally, Champlain Investment Partners LLC acquired a new stake in shares of CommVault Systems during the 1st quarter worth approximately $47,361,000. Hedge funds and other institutional investors own 93.50% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on CVLT shares. Wall Street Zen raised CommVault Systems from a "buy" rating to a "strong-buy" rating in a report on Saturday. Piper Sandler boosted their price target on CommVault Systems from $168.00 to $170.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. KeyCorp boosted their price target on CommVault Systems from $195.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. DA Davidson boosted their price target on CommVault Systems from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Finally, Wells Fargo & Company boosted their price target on CommVault Systems from $190.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, CommVault Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $205.63.

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.