Commvault Systems, Inc. (NASDAQ:CVLT) Director Sells $212,520.00 in Stock

Commvault Systems, Inc. (NASDAQ:CVLT) Director Allison Pickens sold 1,232 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $172.50, for a total value of $212,520.00. Following the sale, the director now directly owns 5,899 shares in the company, valued at approximately $1,017,577.50. This represents a 17.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Commvault Systems Price Performance

Shares of CVLT traded down $0.46 during mid-day trading on Tuesday, reaching $170.39. The company’s stock had a trading volume of 216,034 shares, compared to its average volume of 356,082. Commvault Systems, Inc. has a 12-month low of $73.33 and a 12-month high of $178.72. The company’s 50 day moving average is $158.79 and its 200 day moving average is $140.93. The stock has a market cap of $7.45 billion, a PE ratio of 43.25 and a beta of 0.61.

Commvault Systems (NASDAQ:CVLT) last released its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.07. The business had revenue of $233.28 million for the quarter, compared to analyst estimates of $220.76 million. Commvault Systems had a return on equity of 31.62% and a net margin of 19.75%. The company’s revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 EPS. As a group, sell-side analysts anticipate that Commvault Systems, Inc. will post 1.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Commvault Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CVLT. Capital Performance Advisors LLP bought a new stake in shares of Commvault Systems during the 3rd quarter valued at about $33,000. National Bank of Canada FI bought a new position in Commvault Systems in the 2nd quarter valued at about $30,000. Hexagon Capital Partners LLC boosted its holdings in shares of Commvault Systems by 124.8% in the second quarter. Hexagon Capital Partners LLC now owns 353 shares of the software maker’s stock valued at $43,000 after acquiring an additional 196 shares in the last quarter. Signaturefd LLC boosted its stake in Commvault Systems by 70.8% during the 2nd quarter. Signaturefd LLC now owns 410 shares of the software maker’s stock valued at $50,000 after purchasing an additional 170 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new position in Commvault Systems during the third quarter valued at about $71,000. 93.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CVLT has been the subject of a number of analyst reports. Oppenheimer began coverage on shares of Commvault Systems in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $200.00 price target for the company. Royal Bank of Canada upped their price target on shares of Commvault Systems from $164.00 to $182.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. StockNews.com downgraded shares of Commvault Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 1st. DA Davidson upped their price target on shares of Commvault Systems from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Finally, Guggenheim downgraded Commvault Systems from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $151.25.

Commvault Systems Company Profile

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.