Insider Selling: CommVault Systems (NASDAQ:CVLT) CAO Sells 486 Shares

Key Points

• CommVault CAO Danielle Abrahamsen sold 486 shares at an average price of $142.80, worth approximately $69,401. The transaction occurred under a pre-arranged Rule 10b5-1 plan to cover tax withholding from vested equity awards, leaving her with 12,160 shares.
• CommVault reported quarterly earnings of $1.42 per share, beating estimates of $1.16, while revenue rose 11.4% year over year to $314.13 million. Shares traded at $137.32, with a 12-month range of $71.75 to $198.18.
• Analysts maintain a “Moderate Buy” consensus rating with a $152.47 target price, although several firms rate the stock Hold or Neutral. Institutional investors own 93.5% of the company, and BlackRock recently established an $855.4 million position.

CommVault Systems, Inc. (NASDAQ:CVLT - Get Free Report) CAO Danielle Nicole Abrahamsen sold 486 shares of the firm's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $142.80, for a total value of $69,400.80. Following the completion of the sale, the chief accounting officer directly owned 12,160 shares of the company's stock, valued at approximately $1,736,448. The trade was a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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.

Danielle Nicole Abrahamsen also recently made the following trade(s):

• On Tuesday, August 18th, Danielle Nicole Abrahamsen sold 391 shares of CommVault Systems stock. The shares were sold at an average price of $143.64, for a total value of $56,163.24.
• On Monday, August 17th, Danielle Nicole Abrahamsen sold 119 shares of CommVault Systems stock. The shares were sold at an average price of $143.98, for a total value of $17,133.62.
• On Thursday, July 2nd, Danielle Nicole Abrahamsen sold 254 shares of CommVault Systems stock. The stock was sold at an average price of $150.00, for a total transaction of $38,100.00.
• On Tuesday, May 26th, Danielle Nicole Abrahamsen sold 277 shares of CommVault Systems stock. The shares were sold at an average price of $106.70, for a total transaction of $29,555.90.
• On Friday, May 22nd, Danielle Nicole Abrahamsen sold 101 shares of CommVault Systems stock. The shares were sold at an average price of $107.39, for a total transaction of $10,846.39.

CommVault Systems Stock Performance

Shares of NASDAQ CVLT traded down $5.49 during mid-day trading on Wednesday, reaching $137.32. 449,257 shares of the company were exchanged, compared to its average volume of 935,905. The stock has a market capitalization of $5.69 billion, a P/E ratio of 87.46 and a beta of 0.81. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 16.94. The company's 50-day simple moving average is $138.16 and its 200-day simple moving average is $108.64. CommVault Systems, Inc. has a twelve month low of $71.75 and a twelve month high of $198.18.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The software maker reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.26. The business had revenue of $314.13 million for the quarter, compared to analyst estimates of $310.43 million. CommVault Systems had a net margin of 5.62% and a return on equity of 88.75%. CommVault Systems's quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.01 EPS. As a group, research analysts predict that CommVault Systems, Inc. will post 2.84 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. UBS Group reissued a "neutral" rating on shares of CommVault Systems in a report on Monday, July 27th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $132.00 price objective on shares of CommVault Systems in a report on Monday, July 27th. Wall Street Zen cut CommVault Systems from a "buy" rating to a "hold" rating in a research report on Saturday. Guggenheim reissued a "buy" rating on shares of CommVault Systems in a report on Tuesday, July 28th. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $130.00 target price on shares of CommVault Systems in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $152.47.

Hedge Funds Weigh In On CommVault Systems

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in CommVault Systems in the 2nd quarter valued at $855,420,000. Vanguard Group Inc. grew its holdings in shares of CommVault Systems by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 5,675,590 shares of the software maker's stock worth $711,492,000 after purchasing an additional 240,093 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of CommVault Systems by 25.5% during the 4th quarter. First Trust Advisors LP now owns 1,537,034 shares of the software maker's stock worth $192,683,000 after purchasing an additional 312,178 shares in the last quarter. Pictet Asset Management Holding SA increased its position in shares of CommVault Systems by 36.2% in the first quarter. Pictet Asset Management Holding SA now owns 1,239,225 shares of the software maker's stock worth $96,447,000 after purchasing an additional 329,243 shares during the period. Finally, Westfield Capital Management Co. LP increased its position in shares of CommVault Systems by 34.5% in the fourth quarter. Westfield Capital Management Co. LP now owns 1,057,077 shares of the software maker's stock worth $132,515,000 after purchasing an additional 270,902 shares during the period. Institutional investors own 93.50% of the company's stock.

CommVault Systems News Roundup

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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