Insider Selling: CommVault Systems CAO Unloads 290 Shares of Stock (CVLT)
CommVault Systems (NASDAQ:CVLT) CAO Gary Merrill unloaded 290 shares of CommVault Systems stock on the open market in a transaction dated Thursday, August 7th. The stock was sold at an average price of $51.64, for a total transaction of $14,975.60. Following the completion of the sale, the chief accounting officer now directly owns 15,662 shares in the company, valued at approximately $808,786. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
CommVault Systems (NASDAQ:CVLT) traded up 1.42% on Friday, hitting $52.32. The stock had a trading volume of 502,105 shares. CommVault Systems has a 52 week low of $45.20 and a 52 week high of $90.00. The stock has a 50-day moving average of $48.98 and a 200-day moving average of $57.94. The company has a market cap of $2.371 billion and a P/E ratio of 39.93.
CommVault Systems (NASDAQ:CVLT) last released its earnings data on Tuesday, July 29th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.41 by $0.03. The company had revenue of $152.60 million for the quarter, compared to the consensus estimate of $151.00 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 13.5% on a year-over-year basis. On average, analysts predict that CommVault Systems will post $2.04 earnings per share for the current fiscal year.
Separately, analysts at Goldman Sachs cut their price target on shares of CommVault Systems from $60.00 to $58.00 in a research note on Thursday, May 22nd. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. CommVault Systems currently has an average rating of “Buy” and an average target price of $62.00.
CommVault Systems, Inc (NASDAQ:CVLT) is a provider of data and information management software applications and related services.
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