CommVault Systems (NASDAQ:CVLT) Insider Gary Merrill Sells 15,244 Shares

Key Points

• Gary Merrill, an insider at CommVault Systems (NASDAQ: CVLT), sold 15,244 shares at an average price of $178.01, totaling approximately $2.71 million, indicating a 17.51% decrease in his ownership.
• CommVault recently reported a 26% year-over-year revenue increase for the quarter, achieving $281.98 million and surpassing analyst estimates of $267.83 million.
• Analyst price targets for CommVault stock have seen significant increases, with Wells Fargo and KeyCorp both raising their targets to as high as $225, reflecting strong bullish sentiment in the market.

CommVault Systems, Inc. (NASDAQ:CVLT - Get Free Report) insider Gary Merrill sold 15,244 shares of the company's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $178.01, for a total transaction of $2,713,584.44. Following the completion of the sale, the insider directly owned 71,837 shares of the company's stock, valued at $12,787,704.37. The trade was a 17.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, August 18th, Gary Merrill sold 2,628 shares of CommVault Systems stock. The shares were sold at an average price of $178.03, for a total transaction of $467,862.84.

CommVault Systems Stock Performance

Shares of NASDAQ:CVLT traded down $0.80 during trading hours on Friday, hitting $194.61. 3,157,134 shares of the company's stock traded hands, compared to its average volume of 680,446. CommVault Systems, Inc. has a 52 week low of $128.07 and a 52 week high of $200.68. The company's fifty day simple moving average is $180.48 and its two-hundred day simple moving average is $172.47. The company has a market cap of $8.65 billion, a price-to-earnings ratio of 108.12 and a beta of 0.74.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Guggenheim set a $220.00 price objective on shares of CommVault Systems in a research note on Tuesday, July 29th. DA Davidson increased their price target on shares of CommVault Systems from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. KeyCorp increased their price target on shares of CommVault Systems from $195.00 to $225.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada increased their price target on shares of CommVault Systems from $185.00 to $217.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 30th. Finally, Piper Sandler increased their price target on shares of CommVault Systems from $168.00 to $170.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $205.63.

Hedge Funds Weigh In On CommVault Systems

A number of institutional investors have recently modified their holdings of the company. Frank Rimerman Advisors LLC raised its position in shares of CommVault Systems by 3.8% in the first quarter. Frank Rimerman Advisors LLC now owns 1,709 shares of the software maker's stock valued at $270,000 after purchasing an additional 63 shares during the period. NorthCrest Asset Manangement LLC raised its position in shares of CommVault Systems by 1.3% in the first quarter. NorthCrest Asset Manangement LLC now owns 5,753 shares of the software maker's stock valued at $908,000 after purchasing an additional 72 shares during the period. SBI Securities Co. Ltd. raised its position in shares of CommVault Systems by 101.3% in the first 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 period. GAMMA Investing LLC raised its position in shares of CommVault Systems by 6.0% in the second quarter. GAMMA Investing LLC now owns 1,422 shares of the software maker's stock valued at $248,000 after purchasing an additional 80 shares during the period. Finally, Johnson Investment Counsel Inc. grew its stake in shares of CommVault Systems by 6.7% in the first quarter. Johnson Investment Counsel Inc. now owns 1,451 shares of the software maker's stock worth $229,000 after acquiring an additional 91 shares during the last quarter. Institutional investors own 93.50% of the company's stock.

CommVault Systems Company Profile

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.