Commvault Systems, Inc. (NASDAQ:CVLT) CAO James J. Whalen Sells 4,203 Shares

Commvault Systems, Inc. (NASDAQ:CVLT – Get Rating) CAO James J. Whalen sold 4,203 shares of the stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $67.03, for a total value of $281,727.09. Following the sale, the chief accounting officer now directly owns 21,158 shares in the company, valued at approximately $1,418,220.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Commvault Systems Stock Performance

Shares of NASDAQ:CVLT opened at $66.91 on Wednesday. The company has a market cap of $2.94 billion, a P/E ratio of -82.60, a PEG ratio of 6.46 and a beta of 0.60. Commvault Systems, Inc. has a one year low of $50.26 and a one year high of $69.16. The business’s 50-day simple moving average is $59.37 and its 200 day simple moving average is $61.28.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. 51job reissued a “maintains” rating on shares of Commvault Systems in a research note on Wednesday, May 3rd. Guggenheim assumed coverage on Commvault Systems in a research note on Thursday, January 26th. They issued a “buy” rating and a $86.00 price target on the stock. StockNews.com assumed coverage on Commvault Systems in a research note on Thursday, May 18th. They issued a “strong-buy” rating on the stock. Finally, Piper Sandler raised their price target on Commvault Systems from $60.00 to $65.00 in a research note on Wednesday, May 3rd. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Commvault Systems has a consensus rating of “Moderate Buy” and an average target price of $71.20.

Institutional Investors Weigh In On Commvault Systems

Several hedge funds have recently modified their holdings of CVLT. Quarry LP purchased a new stake in Commvault Systems during the 1st quarter worth approximately $26,000. Exchange Traded Concepts LLC purchased a new stake in Commvault Systems during the 1st quarter worth approximately $31,000. Captrust Financial Advisors grew its position in shares of Commvault Systems by 64.0% in the 2nd quarter. Captrust Financial Advisors now owns 510 shares of the software maker’s stock worth $32,000 after acquiring an additional 199 shares in the last quarter. Altshuler Shaham Ltd acquired a new position in shares of Commvault Systems in the 4th quarter worth approximately $33,000. Finally, Quantbot Technologies LP acquired a new position in shares of Commvault Systems in the 2nd quarter worth approximately $64,000. 88.30% of the stock is currently owned by hedge funds and other institutional investors.

About Commvault Systems

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Commvault Systems, Inc engages in the provision of data protection and information management software applications and related services. Its products include Data Protection and insights, Storage, and Metallic BaaS. The firm also offers professional, managed, support, and training services. The company was founded in 1996 and is headquartered in Tinton Falls, NJ.