Commvault Systems, Inc. (NASDAQ:CVLT) CRO Blasio Riccardo Di Sells 3,984 Shares

Posted by Defense World Staff on May 24th, 2023

Commvault Systems, Inc. (NASDAQ:CVLT – Get Rating) CRO Blasio Riccardo Di sold 3,984 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $67.22, for a total value of $267,804.48. Following the sale, the executive now directly owns 110,241 shares in the company, valued at approximately $7,410,400.02. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Blasio Riccardo Di also recently made the following trade(s):

On Friday, May 19th, Blasio Riccardo Di sold 1,250 shares of Commvault Systems stock. The stock was sold at an average price of $65.59, for a total value of $81,987.50.
On Friday, February 24th, Blasio Riccardo Di sold 8,912 shares of Commvault Systems stock. The stock was sold at an average price of $59.14, for a total value of $527,055.68.

Commvault Systems Stock Down 0.5 %

CVLT stock opened at $66.91 on Wednesday. The company has a market cap of $2.94 billion, a price-to-earnings ratio of -82.60, a PEG ratio of 6.46 and a beta of 0.60. The business has a fifty day simple moving average of $59.37 and a 200-day simple moving average of $61.28. Commvault Systems, Inc. has a 52 week low of $50.26 and a 52 week high of $69.16.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. StockNews.com assumed coverage on Commvault Systems in a research report on Thursday, May 18th. They set a “strong-buy” rating for the company. Guggenheim started coverage on Commvault Systems in a research report on Thursday, January 26th. They set a “buy” rating and a $86.00 price objective for the company. Piper Sandler boosted their price target on Commvault Systems from $60.00 to $65.00 in a report on Wednesday, May 3rd. Finally, 51job reiterated a “maintains” rating on shares of Commvault Systems in a report on Wednesday, May 3rd. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $71.20.

Institutional Trading of Commvault Systems

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of Montreal Can boosted its position in Commvault Systems by 3.7% during the 2nd quarter. Bank of Montreal Can now owns 5,009 shares of the software maker’s stock worth $330,000 after purchasing an additional 179 shares during the period. Quantinno Capital Management LP boosted its position in Commvault Systems by 2.9% during the 4th quarter. Quantinno Capital Management LP now owns 6,647 shares of the software maker’s stock worth $418,000 after purchasing an additional 188 shares during the period. Parallel Advisors LLC boosted its position in Commvault Systems by 12.4% in the 1st quarter. Parallel Advisors LLC now owns 1,745 shares of the software maker’s stock valued at $99,000 after buying an additional 193 shares during the last quarter. Captrust Financial Advisors boosted its position in Commvault Systems by 64.0% in the 2nd quarter. Captrust Financial Advisors now owns 510 shares of the software maker’s stock valued at $32,000 after buying an additional 199 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in Commvault Systems by 2.1% in the 1st quarter. Arizona State Retirement System now owns 11,613 shares of the software maker’s stock valued at $659,000 after buying an additional 234 shares during the last quarter. 88.30% of the stock is owned by hedge funds and other institutional investors.

Commvault Systems Company Profile

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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.