CommVault Systems, Inc. (NASDAQ:CVLT) VP Brian Carolan sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $62.95, for a total transaction of $503,600.00. Following the completion of the sale, the vice president now owns 82,471 shares in the company, valued at approximately $5,191,549.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Brian Carolan also recently made the following trade(s):

  • On Monday, July 17th, Brian Carolan sold 4,000 shares of CommVault Systems stock. The stock was sold at an average price of $59.90, for a total transaction of $239,600.00.
  • On Tuesday, May 9th, Brian Carolan sold 15,877 shares of CommVault Systems stock. The stock was sold at an average price of $57.69, for a total transaction of $915,944.13.
  • On Wednesday, May 3rd, Brian Carolan sold 5,000 shares of CommVault Systems stock. The stock was sold at an average price of $56.35, for a total transaction of $281,750.00.

CommVault Systems, Inc. (NASDAQ:CVLT) traded down 2.19% on Thursday, hitting $60.35. 433,888 shares of the company were exchanged. The company has a market capitalization of $2.71 billion, a P/E ratio of 6035.00 and a beta of 1.45. The firm’s 50 day moving average is $57.96 and its 200 day moving average is $53.63. CommVault Systems, Inc. has a 52 week low of $47.44 and a 52 week high of $61.95.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Tuesday, July 25th. The software maker reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. CommVault Systems had a net margin of 0.35% and a return on equity of 0.30%. The firm had revenue of $165.97 million for the quarter, compared to the consensus estimate of $159.92 million. During the same period in the prior year, the firm posted $0.21 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts forecast that CommVault Systems, Inc. will post $1.22 earnings per share for the current fiscal year.

WARNING: This story was published by American Banking News and is owned by of American Banking News. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/07/27/commvault-systems-inc-cvlt-vp-sells-503600-00-in-stock.html.

Several brokerages recently issued reports on CVLT. Jefferies Group LLC raised their target price on shares of CommVault Systems from $67.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday. Stifel Nicolaus reiterated a “buy” rating and set a $75.00 price target (up previously from $68.00) on shares of CommVault Systems in a research note on Wednesday. Lake Street Capital lifted their price target on shares of CommVault Systems from $63.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday. Mitsubishi UFJ Financial Group set a $70.00 price target on shares of CommVault Systems and gave the stock a “buy” rating in a research note on Tuesday. Finally, BidaskClub upgraded shares of CommVault Systems from a “hold” rating to a “buy” rating in a research note on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $65.60.

Hedge funds have recently made changes to their positions in the company. Teachers Advisors LLC increased its position in CommVault Systems by 3.2% in the fourth quarter. Teachers Advisors LLC now owns 354,829 shares of the software maker’s stock valued at $18,238,000 after buying an additional 11,090 shares during the last quarter. Highbridge Capital Management LLC increased its position in CommVault Systems by 23.6% in the fourth quarter. Highbridge Capital Management LLC now owns 29,734 shares of the software maker’s stock valued at $1,529,000 after buying an additional 5,674 shares during the last quarter. Bank of Nova Scotia bought a new position in CommVault Systems during the first quarter valued at about $5,080,000. Swiss National Bank increased its position in CommVault Systems by 2.3% in the first quarter. Swiss National Bank now owns 70,900 shares of the software maker’s stock valued at $3,602,000 after buying an additional 1,600 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd bought a new position in CommVault Systems during the first quarter valued at about $5,366,000. 89.25% of the stock is currently owned by hedge funds and other institutional investors.

CommVault Systems Company Profile

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

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