CommVault Systems (NASDAQ:CVLT) CAO Danielle Nicole Abrahamsen Sells 277 Shares of Stock

CommVault Systems, Inc. (NASDAQ:CVLTGet Free Report) CAO Danielle Nicole Abrahamsen sold 277 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $106.70, for a total value of $29,555.90. Following the sale, the chief accounting officer owned 13,166 shares of the company’s stock, valued at $1,404,812.20. The trade was a 2.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 Friday, May 22nd, Danielle Nicole Abrahamsen sold 101 shares of CommVault Systems stock. The stock was sold at an average price of $107.39, for a total value of $10,846.39.
  • On Wednesday, May 20th, Danielle Nicole Abrahamsen sold 365 shares of CommVault Systems stock. The stock was sold at an average price of $99.13, for a total value of $36,182.45.
  • On Tuesday, May 19th, Danielle Nicole Abrahamsen sold 1,065 shares of CommVault Systems stock. The stock was sold at an average price of $105.84, for a total value of $112,719.60.
  • On Monday, May 18th, Danielle Nicole Abrahamsen sold 925 shares of CommVault Systems stock. The stock was sold at an average price of $104.52, for a total value of $96,681.00.

CommVault Systems Trading Up 0.8%

Shares of NASDAQ CVLT opened at $108.09 on Wednesday. CommVault Systems, Inc. has a one year low of $71.75 and a one year high of $200.68. The firm has a market capitalization of $4.46 billion, a PE ratio of 67.98 and a beta of 0.77. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 117.54. The business has a 50-day moving average price of $91.54 and a two-hundred day moving average price of $103.65.

CommVault Systems (NASDAQ:CVLTGet Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The software maker reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.19. CommVault Systems had a return on equity of 51.64% and a net margin of 5.97%.The firm had revenue of $311.69 million during the quarter, compared to analyst estimates of $306.71 million. During the same period last year, the company posted $1.03 EPS. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. As a group, analysts predict that CommVault Systems, Inc. will post 2.86 earnings per share for the current fiscal year.

Key Headlines Impacting CommVault Systems

Here are the key news stories impacting CommVault Systems this week:

Analysts Set New Price Targets

A number of research firms have recently weighed in on CVLT. Oppenheimer cut their price target on CommVault Systems from $180.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, January 28th. Truist Financial reaffirmed a “buy” rating and set a $155.00 price target (down from $175.00) on shares of CommVault Systems in a research note on Wednesday, January 28th. Guggenheim cut their price target on CommVault Systems from $200.00 to $175.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Wolfe Research began coverage on CommVault Systems in a research note on Friday, May 1st. They set a “peer perform” rating for the company. Finally, Zacks Research downgraded CommVault Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, CommVault Systems currently has an average rating of “Moderate Buy” and a consensus price target of $135.00.

Get Our Latest Stock Report on CVLT

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Tudor Investment Corp ET AL bought a new position in CommVault Systems in the 3rd quarter worth approximately $1,887,800,000. First Trust Advisors LP increased its position in CommVault Systems by 1,335.8% in the 3rd quarter. First Trust Advisors LP now owns 1,224,856 shares of the software maker’s stock worth $231,228,000 after buying an additional 1,139,547 shares during the period. M&T Bank Corp increased its position in CommVault Systems by 22,133.9% in the 4th quarter. M&T Bank Corp now owns 610,098 shares of the software maker’s stock worth $76,482,000 after buying an additional 607,354 shares during the period. Westfield Capital Management Co. LP increased its position in CommVault Systems by 135.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 786,175 shares of the software maker’s stock worth $148,414,000 after buying an additional 452,422 shares during the period. Finally, TD Asset Management Inc increased its position in CommVault Systems by 14,047.5% in the 4th quarter. TD Asset Management Inc now owns 381,982 shares of the software maker’s stock worth $47,885,000 after buying an additional 379,282 shares during the period. 93.50% of the stock is owned by institutional investors.

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.

See Also

Insider Buying and Selling by Quarter for CommVault Systems (NASDAQ:CVLT)

Receive News & Ratings for CommVault Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CommVault Systems and related companies with MarketBeat.com's FREE daily email newsletter.