CommVault Systems, Inc. (NASDAQ:CVLT) Insider Sells $1,800,360.01 in Stock
CommVault Systems, Inc. (NASDAQ:CVLT) insider Al Bunte sold 30,001 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $60.01, for a total transaction of $1,800,360.01. Following the sale, the insider now owns 474,780 shares in the company, valued at approximately $28,491,547.80. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of CommVault Systems, Inc. (CVLT) traded up 0.58% during trading on Monday, reaching $60.75. 250,258 shares of the company were exchanged. The firm has a market capitalization of $2.77 billion, a P/E ratio of 1065.79 and a beta of 1.45. The firm’s 50 day moving average is $58.23 and its 200 day moving average is $53.79. CommVault Systems, Inc. has a 1-year low of $47.61 and a 1-year high of $64.60.
CommVault Systems (NASDAQ:CVLT) last posted its earnings results on Tuesday, July 25th. The software maker reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. CommVault Systems had a return on equity of 0.30% and a net margin of 0.35%. The company had revenue of $165.97 million for the quarter, compared to analyst estimates of $159.92 million. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities analysts anticipate that CommVault Systems, Inc. will post $1.22 EPS for the current fiscal year.
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A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in CommVault Systems by 23,286.9% in the first quarter. BlackRock Inc. now owns 4,239,350 shares of the software maker’s stock valued at $215,359,000 after buying an additional 4,221,223 shares during the period. Credit Suisse AG raised its position in CommVault Systems by 989.6% in the first quarter. Credit Suisse AG now owns 648,563 shares of the software maker’s stock valued at $32,947,000 after buying an additional 589,040 shares during the period. Citadel Advisors LLC raised its position in CommVault Systems by 156.4% in the first quarter. Citadel Advisors LLC now owns 887,383 shares of the software maker’s stock valued at $45,079,000 after buying an additional 541,325 shares during the period. Champlain Investment Partners LLC raised its position in CommVault Systems by 58.4% in the first quarter. Champlain Investment Partners LLC now owns 1,162,085 shares of the software maker’s stock valued at $59,034,000 after buying an additional 428,585 shares during the period. Finally, Norges Bank bought a new position in CommVault Systems during the fourth quarter valued at about $20,653,000. Institutional investors own 88.36% of the company’s stock.
A number of brokerages have recently commented on CVLT. Lake Street Capital boosted their target price on shares of CommVault Systems from $63.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. BidaskClub cut shares of CommVault Systems from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Stifel Nicolaus restated a “buy” rating and set a $75.00 target price (up previously from $68.00) on shares of CommVault Systems in a report on Wednesday, July 26th. Mizuho restated a “buy” rating and set a $75.00 target price (up previously from $70.00) on shares of CommVault Systems in a report on Monday, July 24th. Finally, Mitsubishi UFJ Financial Group set a $70.00 target price on shares of CommVault Systems and gave the company a “buy” rating in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $67.00.
About CommVault Systems
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