Insider Selling: Louis Miceli Sells 7,091 Shares of CommVault Systems Stock (CVLT)
CommVault Systems (NASDAQ:CVLT) VP Louis Miceli unloaded 7,091 shares of CommVault Systems stock on the open market in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $87.95, for a total value of $623,653.45. Following the completion of the transaction, the vice president now directly owns 51,191 shares of the company’s stock, valued at approximately $4,502,248. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on CVLT shares. Analysts at Lazard Capital Markets set a $115.00 price target on shares of CommVault Systems (NASDAQ:CVLT) in a research note to investors on Thursday, August 22nd. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of CommVault Systems (NASDAQ:CVLT) from $74.00 to $78.00 in a research note to investors on Thursday, August 1st. They now have a “hold” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of CommVault Systems (NASDAQ:CVLT) from $65.00 to $75.00 in a research note to investors on Thursday, August 1st. They now have a “neutral” rating on the stock.
Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. CommVault Systems presently has a consensus rating of “Hold” and a consensus target price of $82.54.
CommVault Systems (NASDAQ:CVLT) traded down 2.41% on Tuesday, hitting $85.27. 296,140 shares of the company’s stock traded hands. CommVault Systems has a 52-week low of $52.84 and a 52-week high of $88.90. The stock has a 50-day moving average of $85. and a 200-day moving average of $78.71. The company has a market cap of $3.985 billion and a price-to-earnings ratio of 75.46.
CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.05. The company had revenue of $134.40 million for the quarter, compared to the consensus estimate of $132.24 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 20.8% on a year-over-year basis. On average, analysts predict that CommVault Systems will post $1.71 earnings per share for the current fiscal year.
CommVault Systems, Inc (NASDAQ:CVLT) is a provider of data and information management software applications and related services.
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