CommVault Systems (NASDAQ:CVLT) Director A Shane Sanders Sells 476 Shares of Stock

Key Points

• Director A. Shane Sanders sold 476 CommVault shares at an average price of $134.19, generating $63,874.44. The Rule 10b5-1 transaction reduced his stake by 5.19%, leaving him with 8,696 shares.
• CommVault reported quarterly EPS of $1.42, exceeding estimates of $1.16, while revenue rose 11.4% year over year to $314.13 million. Shares recently traded at $139.43, with a market capitalization of approximately $5.78 billion.
• Analysts maintain a Moderate Buy consensus with an average price target of $152.47, while institutional investors own 93.5% of the stock.

CommVault Systems, Inc. (NASDAQ:CVLT - Get Free Report) Director A Shane Sanders sold 476 shares of the business's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $134.19, for a total transaction of $63,874.44. Following the completion of the transaction, the director owned 8,696 shares of the company's stock, valued at approximately $1,166,916.24. The trade was a 5.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CommVault Systems Stock Performance

Shares of CVLT traded up $4.16 during trading hours on Monday, hitting $139.43. The stock had a trading volume of 1,093,094 shares, compared to its average volume of 960,106. The stock has a fifty day moving average price of $135.03 and a 200 day moving average price of $107.14. The company has a debt-to-equity ratio of 16.94, a current ratio of 2.04 and a quick ratio of 2.04. The firm has a market capitalization of $5.78 billion, a PE ratio of 88.81 and a beta of 0.81. CommVault Systems, Inc. has a 12 month low of $71.75 and a 12 month high of $198.18.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last released its earnings results on Tuesday, July 28th. The software maker reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.26. The company had revenue of $314.13 million for the quarter, compared to analysts' expectations of $310.43 million. CommVault Systems had a net margin of 5.62% and a return on equity of 88.75%. The firm's revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.01 EPS. Analysts anticipate that CommVault Systems, Inc. will post 2.84 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Wall Street Zen raised shares of CommVault Systems from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $132.00 price target on shares of CommVault Systems in a report on Monday, July 27th. Truist Financial boosted their price objective on shares of CommVault Systems from $155.00 to $182.00 and gave the company a "buy" rating in a report on Tuesday, July 21st. Royal Bank Of Canada lifted their price objective on shares of CommVault Systems from $100.00 to $110.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 29th. Finally, Robert W. Baird reduced their price target on CommVault Systems from $185.00 to $160.00 and set an "outperform" rating for the company in a research report on Monday, April 13th. One research 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 stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $152.47.

Institutional Investors Weigh In On CommVault Systems

A number of institutional investors and hedge funds have recently made changes to their positions in CVLT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in CommVault Systems by 8.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,410 shares of the software maker's stock worth $23,255,000 after acquiring an additional 11,700 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of CommVault Systems during the 2nd quarter worth about $327,000. Cetera Investment Advisers increased its holdings in shares of CommVault Systems by 13.4% in the 2nd quarter. Cetera Investment Advisers now owns 2,486 shares of the software maker's stock valued at $433,000 after acquiring an additional 294 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of CommVault Systems by 188.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker's stock worth $47,000 after acquiring an additional 177 shares in the last quarter. Finally, Guggenheim Capital LLC raised its position in shares of CommVault Systems by 43.8% during the 2nd quarter. Guggenheim Capital LLC now owns 4,245 shares of the software maker's stock worth $740,000 after acquiring an additional 1,293 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

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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