Stocks: Brian Carolan Sells 15,877 Shares of CommVault Systems, Inc. (CVLT) Stock

Stocks: Brian Carolan Sells 15,877 Shares of CommVault Systems, Inc. (CVLT) Stock

CommVault Systems, Inc. (NASDAQ:CVLT) VP Brian Carolan sold 15,877 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $57.69, for a total transaction of $915,944.13. Following the completion of the transaction, the vice president now owns 86,328 shares in the company, valued at $4,980,262.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Brian Carolan also recently made the following trade(s):

Shares of CommVault Systems, Inc. (NASDAQ:CVLT) opened at 56.75 on Friday. The company has a market capitalization of $2.55 billion, a P/E ratio of 5675.00 and a beta of 1.46. The firm’s 50 day moving average is $51.59 and its 200-day moving average is $52.15. CommVault Systems, Inc. has a 52-week low of $41.33 and a 52-week high of $58.40.

CommVault Systems (NASDAQ:CVLT) last posted its earnings results on Wednesday, May 3rd. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.27. CommVault Systems had a negative return on equity of 0.53% and a net margin of 0.49%. The business had revenue of $172.90 million during the quarter, compared to analysts’ expectations of $166.32 million. During the same period in the prior year, the business earned $0.36 EPS. CommVault Systems’s revenue for the quarter was up 8.4% compared to the same quarter last year. Equities research analysts anticipate that CommVault Systems, Inc. will post $1.19 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of CVLT. Strs Ohio boosted its stake in CommVault Systems by 71.8% in the third quarter. Strs Ohio now owns 42,600 shares of the software maker’s stock worth $2,263,000 after buying an additional 17,800 shares during the last quarter. Chicago Equity Partners LLC acquired a new stake in CommVault Systems during the third quarter worth about $3,411,000. Rothschild Asset Management Inc. acquired a new stake in CommVault Systems during the third quarter worth about $11,522,000. First Citizens Bank & Trust Co. acquired a new stake in CommVault Systems during the third quarter worth about $488,000. Finally, JPMorgan Chase & Co. boosted its stake in CommVault Systems by 0.9% in the third quarter. JPMorgan Chase & Co. now owns 28,850 shares of the software maker’s stock worth $1,533,000 after buying an additional 246 shares during the last quarter. 91.11% of the stock is owned by institutional investors and hedge funds.

CVLT has been the topic of a number of recent research reports. BTIG Research restated a “buy” rating and issued a $61.00 price target on shares of CommVault Systems in a research report on Tuesday, January 24th. Stifel Nicolaus restated a “buy” rating and issued a $68.00 price target on shares of CommVault Systems in a research report on Wednesday, January 25th. Mizuho lifted their price objective on shares of CommVault Systems from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, January 26th. Zacks Investment Research downgraded shares of CommVault Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, January 31st. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $58.00 price objective on shares of CommVault Systems in a research report on Friday, March 31st. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $59.70.

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