Commvault Systems, Inc. (NASDAQ:CVLT) CAO Sells $19,349.05 in Stock

Commvault Systems, Inc. (NASDAQ:CVLT – Get Rating) CAO James J. Whalen sold 295 shares of the firm’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $65.59, for a total value of $19,349.05. Following the sale, the chief accounting officer now owns 24,348 shares in the company, valued at approximately $1,596,985.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Commvault Systems Stock Up 2.2 %

Shares of CVLT stock opened at $68.65 on Friday. Commvault Systems, Inc. has a 52 week low of $50.26 and a 52 week high of $69.16. The stock has a fifty day moving average of $59.62 and a 200 day moving average of $61.32.

Analysts Set New Price Targets

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

Institutional Trading of Commvault Systems

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can grew its holdings in shares of 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 acquiring an additional 179 shares during the period. Quantinno Capital Management LP raised its holdings in Commvault Systems by 2.9% in the fourth 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 in the last quarter. Parallel Advisors LLC lifted its position in Commvault Systems by 12.4% during the first 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 period. Captrust Financial Advisors boosted its holdings in shares of Commvault Systems by 64.0% during 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 in the last quarter. Finally, Arizona State Retirement System grew its position in shares of Commvault Systems by 2.1% in the 1st quarter. Arizona State Retirement System now owns 11,613 shares of the software maker’s stock worth $659,000 after buying an additional 234 shares during the period. 88.30% of the stock is currently 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.