New insider activity at CommVault Systems ( (CVLT) ) has taken place on February 22, 2025.
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In a notable series of transactions, CommVault Systems’ President & CEO, Sanjay Mirchandani, sold 18,682 shares of the company’s stock, amounting to a significant $3,421,021. Additionally, the Chief Commercial Officer, Gary Merrill, also made a substantial sale of 4,766 shares, valued at $882,646.
Recent Updates on CVLT stock
In the last 24 hours, Commvault Systems has seen positive developments that have influenced its stock price. William Blair upgraded Commvault to Outperform, emphasizing the evolution of the backup and recovery market into a higher priority area with a focus on cybersecurity, which plays to Commvault’s strengths. They highlighted the company’s operating leverage and potential for revenue and earnings upside as key growth drivers. Furthermore, KeyBanc raised its price target for Commvault following a strong Q3 performance, characterized by an organic ARR beat and positive FX-adjusted results. Commvault’s recent earnings call painted a positive picture, showcasing robust revenue growth, successful customer base and partnership expansions, and strategic positioning despite challenges like foreign exchange headwinds and recent acquisition dilution. These factors contributed to an optimistic outlook and increased analyst confidence in Commvault’s future prospects.
More about CommVault Systems
YTD Price Performance: 21.54%
Average Trading Volume: 421,560
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $8.13B