Today, the CAO of CommVault Systems, Gary Merrill, exercised options of CommVault Systems (NASDAQ: CVLT) for $919.6K.
Following Gary Merrill’s last CVLT Sell transaction on February 15, 2018, the stock climbed by 15.7%. In addition to Gary Merrill, one other CVLT executive reported Sell trades in the last month.
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Based on CommVault Systems’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $185 million and GAAP net loss of $1.66 million. In comparison, last year the company earned revenue of $173 million and had a net profit of $3.19 million. Currently, CommVault Systems has an average volume of 250.3K. The Company has a Price to Book ratio of 7.6432.
Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $75.86, reflecting a -10.6% downside.
The insider sentiment on CommVault Systems has been negative according to 90 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Commvault Systems, Inc. is a data management software company which develops and distributes software applications for data protection, information governance and discovery under the Simpana brand and also simplifies management of data in complex physical, virtual, and cloud storage environment.
