Insider Selling: CommVault Systems (NASDAQ:CVLT) CEO Sells $884,094.78 in Stock

CommVault Systems, Inc. (NASDAQ:CVLT) CEO Sanjay Mirchandani sold 8,457 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $104.54, for a total transaction of $884,094.78. Following the completion of the sale, the chief executive officer owned 334,773 shares of the company’s stock, valued at approximately $34,997,169.42. This represents a 2.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sanjay Mirchandani also recently made the following trade(s):

• On Wednesday, May 20th, Sanjay Mirchandani sold 8,450 shares of CommVault Systems stock. The stock was sold at an average price of $99.13, for a total transaction of $837,648.50.
• On Tuesday, May 19th, Sanjay Mirchandani sold 19,396 shares of CommVault Systems stock. The shares were sold at an average price of $105.49, for a total transaction of $2,046,084.04.
• On Tuesday, March 17th, Sanjay Mirchandani sold 10,052 shares of CommVault Systems stock. The shares were sold at an average price of $80.09, for a total transaction of $805,064.68.
• On Monday, March 16th, Sanjay Mirchandani sold 10,338 shares of CommVault Systems stock. The stock was sold at an average price of $78.96, for a total value of $816,288.48.
• On Wednesday, February 18th, Sanjay Mirchandani sold 6,480 shares of CommVault Systems stock. The stock was sold at an average price of $90.28, for a total value of $585,014.40.

CommVault Systems Price Performance

NASDAQ:CVLT opened at $106.00 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 117.54. The stock’s 50 day moving average price is $89.91 and its two-hundred day moving average price is $104.23. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 66.67 and a beta of 0.77. CommVault Systems, Inc. has a 12-month low of $71.75 and a 12-month high of $200.68.

CommVault Systems (NASDAQ:CVLT) last issued its earnings results on Tuesday, April 28th. The software maker reported $1.28 EPS for the quarter, topping the consensus estimate of $1.09 by $0.19. The company had revenue of $311.69 million during the quarter, compared to the consensus estimate of $306.71 million. CommVault Systems had a return on equity of 51.64% and a net margin of 5.97%.The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 EPS. On average, analysts anticipate that CommVault Systems, Inc. will post 2.86 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wall Street Zen downgraded shares of CommVault Systems from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. DA Davidson reaffirmed a “buy” rating and set a $125.00 target price on shares of CommVault Systems in a report on Monday, April 13th. Stephens decreased their price target on shares of CommVault Systems from $162.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 28th. Zacks Research cut shares of CommVault Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Finally, Loop Capital initiated coverage on shares of CommVault Systems in a research report on Tuesday, March 24th. They set a “buy” rating and a $125.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.00.

Institutional Investors Weigh In On CommVault Systems

Institutional investors have recently modified their holdings of the business. Boston Trust Walden Corp acquired a new position in shares of CommVault Systems during the 4th quarter worth approximately $30,830,000. Federated Hermes Inc. increased its holdings in shares of CommVault Systems by 9.7% during the third quarter. Federated Hermes Inc. now owns 322,053 shares of the software maker’s stock worth $60,797,000 after purchasing an additional 28,596 shares during the period. JPMorgan Chase & Co. raised its position in shares of CommVault Systems by 131.7% in the third quarter. JPMorgan Chase & Co. now owns 382,778 shares of the software maker’s stock valued at $72,261,000 after buying an additional 217,557 shares in the last quarter. Emerald Advisers LLC raised its position in shares of CommVault Systems by 47.4% in the third quarter. Emerald Advisers LLC now owns 156,894 shares of the software maker’s stock valued at $29,618,000 after buying an additional 50,470 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of CommVault Systems by 19.4% in the third quarter. Victory Capital Management Inc. now owns 118,284 shares of the software maker’s stock valued at $22,330,000 after buying an additional 19,218 shares during the period. Institutional investors own 93.50% of the company’s stock.

Key Stories Impacting CommVault Systems

Here are the key news stories impacting CommVault Systems this week:

• Positive Sentiment: Commvault’s latest quarterly results were better than expected, with EPS of $1.28 versus $1.09 expected and revenue of $311.69 million versus $306.71 million expected, while revenue rose 13.3% year over year. This supports the company’s underlying business strength.
• Neutral Sentiment: CEO Sanjay Mirchandani and other executives sold shares this week, but the filings say the transactions were made under pre-arranged 10b5-1 plans and to cover tax withholding obligations tied to vesting equity awards, which makes the sales less concerning than open-market discretionary selling.
• Neutral Sentiment: Insider sales by the CFO and CAO were also disclosed, but these were similarly tied to equity award vesting and tax obligations rather than a clear change in outlook.
• Negative Sentiment: Multiple law firms announced or promoted class action suits and investigations against Commvault over alleged securities-law violations, creating a near-term overhang for CVLT. Article Title

CommVault Systems Company Profile

Commvault Systems, Inc is a global provider of data protection and information management software designed to help organizations manage, protect, and activate data across on-premises and cloud environments. Founded in 1996 and headquartered in Tinton Falls, New Jersey, Commvault offers a suite of integrated products and services that enable enterprises to back up, recover, archive, and analyze data. Its flagship solutions include Commvault Complete Data Protection, Commvault HyperScale, and the SaaS-based Metallic portfolio, which deliver scalable and automated data management capabilities across hybrid infrastructure environments.

Commvault’s platform is built on a unified architecture that allows customers to streamline operations, reduce complexity, and ensure data resiliency.