Gary Merrill Sells 1,523 Shares of Commvault Systems, Inc. (NASDAQ:CVLT) Stock

Commvault Systems, Inc. (NASDAQ:CVLT) insider Gary Merrill sold 1,523 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $164.89, for a total transaction of $251,127.47. Following the transaction, the insider now owns 93,007 shares of the company’s stock, valued at approximately $15,335,924.23. This represents a 1.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Tuesday, August 27th, Gary Merrill sold 17,388 shares of Commvault Systems stock. The shares were sold at an average price of $150.76, for a total transaction of $2,621,414.88.

Commvault Systems Trading Up 1.4 %

CVLT traded up $2.31 on Wednesday, hitting $170.96. The company had a trading volume of 286,004 shares, compared to its average volume of 359,339. The firm has a market cap of $7.48 billion, a P/E ratio of 42.70 and a beta of 0.59. The company’s fifty day moving average price is $154.65 and its 200 day moving average price is $136.95. Commvault Systems, Inc. has a 1 year low of $69.71 and a 1 year high of $178.29.

Commvault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. The firm had revenue of $233.28 million during the quarter, compared to the consensus estimate of $220.76 million. Commvault Systems had a return on equity of 31.62% and a net margin of 19.75%. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 earnings per share. On average, analysts predict that Commvault Systems, Inc. will post 1.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

CVLT has been the topic of several recent analyst reports. Oppenheimer initiated coverage on shares of Commvault Systems in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $200.00 target price on the stock. KeyCorp increased their target price on shares of Commvault Systems from $140.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. DA Davidson increased their target price on shares of Commvault Systems from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, September 6th. StockNews.com cut shares of Commvault Systems from a “strong-buy” rating to a “buy” rating in a report on Friday, November 1st. Finally, Royal Bank of Canada raised their price target on shares of Commvault Systems from $164.00 to $182.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $151.25.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. National Bank of Canada FI acquired a new position in shares of Commvault Systems during the 2nd quarter worth $30,000. Capital Performance Advisors LLP purchased a new stake in Commvault Systems during the 3rd quarter worth about $33,000. Hexagon Capital Partners LLC grew its holdings in Commvault Systems by 124.8% in the 2nd quarter. Hexagon Capital Partners LLC now owns 353 shares of the software maker’s stock valued at $43,000 after buying an additional 196 shares during the period. Signaturefd LLC grew its holdings in Commvault Systems by 70.8% in the 2nd quarter. Signaturefd LLC now owns 410 shares of the software maker’s stock valued at $50,000 after buying an additional 170 shares during the period. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Commvault Systems during the 2nd quarter worth about $56,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

About Commvault Systems

Commvault Systems, Inc provides data protection platform that helps customers to secure, defend, and recover their data in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls.