CommVault Systems, Inc. (NASDAQ:CVLT) insider Al Bunte sold 30,001 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $60.01, for a total value of $1,800,360.01. Following the completion of the transaction, the insider now directly owns 474,780 shares of the company’s stock, valued at approximately $28,491,547.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
CommVault Systems, Inc. (NASDAQ CVLT) traded down 0.60% on Friday, reaching $58.30. The company had a trading volume of 325,212 shares. The company’s 50 day moving average is $58.99 and its 200-day moving average is $54.34. CommVault Systems, Inc. has a one year low of $47.61 and a one year high of $64.60. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 1022.81 and a beta of 1.45.
CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings data on Tuesday, July 25th. The software maker reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The business had revenue of $165.97 million for the quarter, compared to analysts’ expectations of $159.92 million. CommVault Systems had a return on equity of 0.30% and a net margin of 0.35%. The business’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 EPS. On average, equities research analysts expect that CommVault Systems, Inc. will post $1.22 earnings per share for the current fiscal year.
A number of brokerages have issued reports on CVLT. Jefferies Group LLC upped their target price on CommVault Systems from $67.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, July 25th. Lake Street Capital upped their price target on CommVault Systems from $63.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, July 26th. Stifel Nicolaus reiterated a “buy” rating and issued a $75.00 price target (up previously from $68.00) on shares of CommVault Systems in a research report on Wednesday, July 26th. Mitsubishi UFJ Financial Group set a $70.00 price target on CommVault Systems and gave the company a “buy” rating in a research report on Tuesday, July 25th. Finally, BidaskClub upgraded CommVault Systems from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $67.00.
About CommVault Systems
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