Today, the COB, Pres & CEO of CommVault Systems (NASDAQ: CVLT), Robert Hammer, sold shares of CVLT for $689.5K.
Following Robert Hammer’s last CVLT Sell transaction on May 22, 2015, the stock climbed by 22.5%.
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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 479.6K. The Company has a book value per share of 7.5817.
One of the top 25 analysts, according to TipRanks.com, recently recommended Buy CVLT with a $80 price target. 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.
Robert Hammer’s trades have generated a -33.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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.
