CommVault Systems, Inc. (NASDAQ:CVLT) insider Gary Merrill sold 3,072 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $59.01, for a total transaction of $181,278.72. Following the sale, the insider now directly owns 23,878 shares in the company, valued at approximately $1,409,040.78. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Gary Merrill also recently made the following trade(s):

  • On Friday, June 23rd, Gary Merrill sold 15,000 shares of CommVault Systems stock. The shares were sold at an average price of $57.51, for a total transaction of $862,650.00.
  • On Tuesday, May 23rd, Gary Merrill sold 5,246 shares of CommVault Systems stock. The shares were sold at an average price of $55.06, for a total transaction of $288,844.76.

Shares of CommVault Systems, Inc. (NASDAQ CVLT) traded up 0.51% during trading on Wednesday, hitting $59.10. 163,250 shares of the stock traded hands. CommVault Systems, Inc. has a 52-week low of $47.61 and a 52-week high of $64.60. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 1036.84 and a beta of 1.45. The stock has a 50 day moving average of $58.92 and a 200 day moving average of $54.25.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings data on Tuesday, July 25th. The software maker reported $0.21 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $165.97 million for the quarter, compared to analyst estimates of $159.92 million. During the same quarter in the prior year, the firm posted $0.21 EPS. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. Analysts expect that CommVault Systems, Inc. will post $1.22 EPS for the current year.

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A number of large investors have recently added to or reduced their stakes in CVLT. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in CommVault Systems by 11.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,904 shares of the software maker’s stock valued at $107,000 after buying an additional 203 shares in the last quarter. US Bancorp DE raised its stake in CommVault Systems by 47.0% in the second quarter. US Bancorp DE now owns 2,102 shares of the software maker’s stock valued at $119,000 after buying an additional 672 shares in the last quarter. Meadow Creek Investment Management LLC raised its stake in CommVault Systems by 2.4% in the first quarter. Meadow Creek Investment Management LLC now owns 2,352 shares of the software maker’s stock valued at $120,000 after buying an additional 56 shares in the last quarter. Glen Harbor Capital Management LLC raised its stake in CommVault Systems by 2.4% in the first quarter. Glen Harbor Capital Management LLC now owns 2,856 shares of the software maker’s stock valued at $145,000 after buying an additional 68 shares in the last quarter. Finally, Riverhead Capital Management LLC raised its stake in CommVault Systems by 70.9% in the second quarter. Riverhead Capital Management LLC now owns 2,563 shares of the software maker’s stock valued at $145,000 after buying an additional 1,063 shares in the last quarter. Institutional investors and hedge funds own 85.44% of the company’s stock.

CVLT has been the topic of a number of recent analyst reports. BidaskClub raised shares of CommVault Systems from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. Mizuho reaffirmed a “buy” rating and set a $62.00 price target on shares of CommVault Systems in a report on Tuesday, June 20th. TheStreet raised shares of CommVault Systems from a “c” rating to a “b” rating in a report on Monday, April 24th. Jefferies Group LLC raised their price target on shares of CommVault Systems from $64.00 to $67.00 and gave the company a “buy” rating in a report on Friday, May 5th. Finally, Zacks Investment Research downgraded shares of CommVault Systems from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $67.00.

CommVault Systems Company Profile

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

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