CommVault Systems, Inc. (NASDAQ:CVLT) insider Gary Merrill sold 900 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $52.25, for a total value of $47,025.00. Following the sale, the insider now directly owns 19,075 shares of the company’s stock, valued at $996,668.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Gary Merrill also recently made the following trade(s):
- On Tuesday, January 30th, Gary Merrill sold 3,335 shares of CommVault Systems stock. The stock was sold at an average price of $54.40, for a total value of $181,424.00.
CommVault Systems, Inc. (NASDAQ CVLT) opened at $52.50 on Friday. CommVault Systems, Inc. has a 12-month low of $48.08 and a 12-month high of $64.60.
CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings results on Wednesday, January 24th. The software maker reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). CommVault Systems had a positive return on equity of 0.32% and a negative net margin of 8.30%. The firm had revenue of $180.37 million for the quarter, compared to analyst estimates of $182.01 million. During the same period last year, the company earned $0.28 EPS. The company’s revenue was up 8.0% compared to the same quarter last year. research analysts anticipate that CommVault Systems, Inc. will post 0.03 EPS for the current year.
CommVault Systems declared that its board has authorized a share repurchase program on Wednesday, January 24th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the software maker to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
A number of research firms recently issued reports on CVLT. Zacks Investment Research cut CommVault Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Mitsubishi UFJ Financial Group cut CommVault Systems from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 25th. Lake Street Capital reissued a “buy” rating and set a $58.00 target price (down from $60.00) on shares of CommVault Systems in a research note on Thursday, January 25th. UBS Group cut CommVault Systems from an “overweight” rating to a “neutral” rating in a research note on Tuesday, October 24th. Finally, Jefferies Group reissued a “buy” rating on shares of CommVault Systems in a research note on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $69.78.
A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in CommVault Systems by 2.2% during the 4th quarter. BlackRock Inc. now owns 4,424,276 shares of the software maker’s stock worth $232,274,000 after acquiring an additional 96,629 shares during the last quarter. Bank of New York Mellon Corp boosted its position in CommVault Systems by 9.7% during the 4th quarter. Bank of New York Mellon Corp now owns 1,951,363 shares of the software maker’s stock worth $102,446,000 after acquiring an additional 172,195 shares during the last quarter. Champlain Investment Partners LLC boosted its position in CommVault Systems by 7.8% during the 4th quarter. Champlain Investment Partners LLC now owns 1,496,415 shares of the software maker’s stock worth $78,562,000 after acquiring an additional 108,140 shares during the last quarter. Mackenzie Financial Corp boosted its position in CommVault Systems by 7.3% during the 4th quarter. Mackenzie Financial Corp now owns 1,459,688 shares of the software maker’s stock worth $76,634,000 after acquiring an additional 99,800 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of CommVault Systems by 3.8% in the 2nd quarter. State Street Corp now owns 1,427,204 shares of the software maker’s stock valued at $80,565,000 after buying an additional 52,276 shares during the last quarter. 91.21% of the stock is owned by hedge funds and other institutional investors.
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CommVault Systems Company Profile
Commvault Systems, Inc (Commvault) is a provider of data and information management software applications and related services. The Company develops, markets and sells a suite of software applications and services, primarily in North America, Europe, Australia and Asia, that provides its customers with data protection solutions supporting all operating systems, applications, and databases on virtual and physical servers, Network Attached Storage (NAS) shares, cloud-based infrastructures, and mobile devices; management through a single console; multiple protection methods, including backup and archive, snapshot management, replication, and content indexing for eDiscovery; storage management using deduplication for disk, tape and cloud; integration with the storage arrays; complete virtual infrastructure management supporting multiple hypervisors; security capabilities to limit access to critical data, and policy-based data management.
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