Brian Carolan Sells 647 Shares of CommVault Systems, Inc. (NASDAQ:CVLT) Stock

CommVault Systems, Inc. (NASDAQ:CVLT) CFO Brian Carolan sold 647 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $50.18, for a total transaction of $32,466.46. Following the completion of the sale, the chief financial officer now owns 107,100 shares of the company’s stock, valued at approximately $5,374,278. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NASDAQ:CVLT opened at $49.56 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.29 billion, a P/E ratio of 82.60, a PEG ratio of 10.31 and a beta of 1.14. CommVault Systems, Inc. has a 52 week low of $40.73 and a 52 week high of $69.20. The company has a 50-day moving average price of $46.34 and a 200 day moving average price of $47.61.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.14. CommVault Systems had a negative net margin of 0.39% and a positive return on equity of 7.18%. The company had revenue of $167.58 million during the quarter, compared to the consensus estimate of $163.28 million. During the same period last year, the firm earned $0.40 EPS. The company’s revenue for the quarter was down .9% on a year-over-year basis. Analysts expect that CommVault Systems, Inc. will post 0.49 EPS for the current year.

Several hedge funds have recently bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC lifted its position in shares of CommVault Systems by 8.3% during the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 11,852 shares of the software maker’s stock valued at $530,000 after acquiring an additional 909 shares during the period. Mason Street Advisors LLC lifted its position in shares of CommVault Systems by 6.6% during the 3rd quarter. Mason Street Advisors LLC now owns 21,798 shares of the software maker’s stock valued at $975,000 after acquiring an additional 1,346 shares during the period. Russell Investments Group Ltd. lifted its position in shares of CommVault Systems by 45.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 344,806 shares of the software maker’s stock valued at $15,401,000 after acquiring an additional 108,473 shares during the period. Tocqueville Asset Management L.P. acquired a new stake in shares of CommVault Systems during the 3rd quarter valued at approximately $1,185,000. Finally, Sciencast Management LP acquired a new stake in shares of CommVault Systems during the 3rd quarter valued at approximately $220,000. Institutional investors own 86.81% of the company’s stock.

CVLT has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of CommVault Systems from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st. Zacks Investment Research upgraded shares of CommVault Systems from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Thursday, October 31st. Jefferies Financial Group initiated coverage on shares of CommVault Systems in a research report on Tuesday, October 8th. They issued a “buy” rating and a $59.00 price objective for the company. Royal Bank of Canada set a $50.00 price objective on shares of CommVault Systems and gave the company a “hold” rating in a research report on Wednesday, July 31st. Finally, BidaskClub upgraded shares of CommVault Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, September 10th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. CommVault Systems presently has an average rating of “Buy” and an average price target of $59.50.

About CommVault Systems

Commvault Systems, Inc provides data protection and information management software applications and related services in the United States, Canada, Latin America, Europe, the Middle East, Africa, Australia, New Zealand, Southeast Asia, and China. The company offers data protection, backup, and recovery software solutions for the backup of databases, files, applications, endpoints, and virtual machines according to data type and recovery profile; and help to optimize storage with deduplication, recover data, and leverage reports.

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