CommVault Systems (NASDAQ:CVLT) CAO Sells 119 Shares
I'm LongbridgeAI, I can summarize articles.CommVault Systems (NASDAQ:CVLT) CAO Danielle Nicole Abrahamsen sold 119 shares on August 17th at an average price of $143.98, totaling $17,133.62. The transaction, executed under a Rule 10b5-1 plan to cover tax withholding obligations, reduced her position by 0.90%. Following the sale, she holds 13,037 shares valued at approximately $1.88 million.
Key Points
- CEO Sanjay Mirchandani sold 12,437 CommVault shares for approximately $1.79 million at an average price of $143.98, reducing his direct stake by 4.41%. The transaction was conducted under a Rule 10b5-1 plan to cover tax withholding on vested equity awards.
- CommVault exceeded quarterly expectations, reporting $1.42 in EPS versus the $1.16 consensus and revenue of $314.13 million, up 11.4% year over year.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $152.47, while institutional investors own 93.5% of the stock. Shares recently traded at $137.32, below the consensus target but at an elevated trailing P/E ratio of 87.46.
CommVault Systems, Inc. (NASDAQ:CVLT - Get Free Report) CAO Danielle Nicole Abrahamsen sold 119 shares of the company's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $143.98, for a total transaction of $17,133.62. Following the sale, the chief accounting officer directly owned 13,037 shares of the company's stock, valued at $1,877,067.26. This represents a 0.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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.
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Danielle Nicole Abrahamsen also recently made the following trade(s):
- On Wednesday, August 19th, Danielle Nicole Abrahamsen sold 486 shares of CommVault Systems stock. The shares were sold at an average price of $142.80, for a total transaction of $69,400.80.
- On Tuesday, August 18th, Danielle Nicole Abrahamsen sold 391 shares of CommVault Systems stock. The stock was sold at an average price of $143.64, for a total transaction of $56,163.24.
- 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 Trading Down 3.8%
Shares of CVLT stock opened at $137.32 on Thursday. The stock's fifty day moving average price is $138.40 and its two-hundred day moving average price is $108.99. The company has a market cap of $5.69 billion, a PE ratio of 87.46 and a beta of 0.81. CommVault Systems, Inc. has a fifty-two week low of $71.75 and a fifty-two week high of $198.18. The company has a debt-to-equity ratio of 16.94, a quick ratio of 2.04 and a current ratio of 2.04.
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CommVault Systems (NASDAQ:CVLT - Get Free Report) last posted its quarterly 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 during the quarter, compared to analysts' expectations of $310.43 million. CommVault Systems had a return on equity of 88.75% and a net margin of 5.62%.CommVault Systems's revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.01 EPS. Equities analysts predict that CommVault Systems, Inc. will post 2.84 EPS for the current fiscal year.
Analyst Ratings Changes
Several brokerages recently issued reports on CVLT. Stephens lifted their price target on shares of CommVault Systems from $135.00 to $155.00 and gave the company an "overweight" rating in a report on Tuesday, June 16th. Royal Bank Of Canada lifted their price target on CommVault Systems from $100.00 to $110.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 29th. Piper Sandler downgraded CommVault Systems from an "overweight" rating to a "neutral" rating and set a $133.00 price objective for the company. in a research note on Tuesday, July 28th. Truist Financial lifted their target price on shares of CommVault Systems from $155.00 to $182.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $130.00 price target on shares of CommVault Systems in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $152.47.
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Check Out Our Latest Research Report on CommVault Systems
Key CommVault Systems News
Here are the key news stories impacting CommVault Systems this week:
- Positive Sentiment: Analysts assigned Commvault a consensus rating of “Moderate Buy,” providing support for the stock despite its elevated valuation and recent trading below its 50-day moving average. CommVault Systems Given Consensus Rating of Moderate Buy by Analysts
- Positive Sentiment: Commvault expanded its Cloud Rewind product to cover more Microsoft Azure resources, improving configuration protection and recovery for cloud-native and AI-driven applications after cyberattacks or outages. The move reinforces the company’s cloud-resilience and cybersecurity positioning, though the release did not disclose financial guidance or new contract values. Commvault Advances AI and Cloud Application Resilience with Expanded Cloud Rewind Coverage
- Neutral Sentiment: CEO Sanjay Mirchandani, CFO Gary Merrill and Chief Accounting Officer Danielle Abrahamsen collectively sold roughly 28,277 shares worth about $4.1 million between August 17 and August 19. All reported transactions were executed under Rule 10b5-1 plans and were specifically intended to cover tax withholding tied to vested equity awards. The sales can create short-term sentiment pressure, but their planned, tax-related nature makes them a weaker bearish signal. Commvault CFO Gary Merrill Reports Two Common Stock Sales Commvault CFO Danielle Abrahamsen Executes Three Stock Sales
- Negative Sentiment: Bernstein Liebhard announced an investigation into potential fiduciary-duty breaches by Commvault directors and officers. The announcement does not establish wrongdoing, but it introduces legal and governance uncertainty that may weigh on investor sentiment. Commvault Shareholder Investigation Alert
Institutional Trading of CommVault Systems
Large investors have recently bought and sold shares of the business. Benjamin Edwards Inc. bought a new stake in CommVault Systems in the second quarter worth approximately $776,000. Harvest Management LLC acquired a new stake in shares of CommVault Systems in the 2nd quarter valued at about $454,000. Greenwood Capital Associates LLC bought a new stake in CommVault Systems in the 2nd quarter valued at about $480,000. Hsbc Holdings PLC bought a new stake in CommVault Systems in the 2nd quarter valued at about $207,000. Finally, Wellington Management Group LLP raised its stake in CommVault Systems by 57.1% during the 2nd quarter. Wellington Management Group LLP now owns 402,054 shares of the software maker's stock worth $56,983,000 after buying an additional 146,055 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.
CommVault Systems Company Profile
(Get Free Report)
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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