Commvault Systems, Inc. (NASDAQ:CVLT – Get Rating) CRO Blasio Riccardo Di sold 8,912 shares of the business’s stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $59.14, for a total transaction of $527,055.68. Following the completion of the transaction, the executive now owns 77,427 shares in the company, valued at $4,579,032.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Commvault Systems Price Performance
CVLT opened at $59.70 on Tuesday. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 175.59, a price-to-earnings-growth ratio of 7.35 and a beta of 0.57. The firm has a 50 day simple moving average of $61.71 and a 200 day simple moving average of $59.92. Commvault Systems, Inc. has a fifty-two week low of $50.26 and a fifty-two week high of $69.16.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on CVLT shares. Guggenheim started coverage on shares of Commvault Systems in a research report on Thursday, January 26th. They issued a “buy” rating and a $86.00 price target on the stock. Royal Bank of Canada boosted their target price on shares of Commvault Systems from $63.00 to $66.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 2nd. William Blair reaffirmed a “market perform” rating on shares of Commvault Systems in a research note on Wednesday, November 2nd. Piper Sandler dropped their target price on shares of Commvault Systems from $70.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, January 11th. Finally, StockNews.com downgraded shares of Commvault Systems from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 20th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Commvault Systems currently has a consensus rating of “Moderate Buy” and an average price target of $70.20.
Institutional Investors Weigh In On Commvault Systems
About Commvault Systems
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.
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