Commvault Systems Inc (CVLT) Files Form 4 Insider Selling : Brian Carolan Sells 4,000 Shares

Commvault Systems Inc (CVLT): Brian Carolan , VP Finance and CFO of Commvault Systems Inc sold 4,000 shares on Apr 18, 2016. The Insider selling transaction was reported by the company on Apr 19, 2016 to the Securities and Exchange Commission. The shares were sold at $43.90 per share for a total value of $175,600.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 18, 2016, Armando Geday (director) sold 4,000 shares at $35.96 per share price.On Feb 4, 2016, David F Walker (director) sold 5,200 shares at $38.50 per share price.Also, On Dec 4, 2015, Brian Carolan (VP Finance and CFO) sold 4,000 shares at $41.90 per share price.On Nov 3, 2015, Gary Merrill (Chief Accounting Officer) sold 2,307 shares at $40.46 per share price.

CommVault Systems: On Monday, Apr 18, 2016 heightened volatility was witnessed in CommVault Systems which led to swings in the share price. The shares opened for trading at $42.6 and hit $44.11 on the upside , eventually ending the session at $44.03, with a gain of 3.02% or 1.29 points. The heightened volatility saw the trading volume jump to 4,87,919 shares. The 52-week high of the share price is $47.82 and the company has a market cap of $1,989 M . The 52-week low of the share price is at $29.41.

CommVault Systems Money Flow Index Chart

Company has been under the radar of several Street Analysts.CommVault Systems is Reiterated by Lake Street to Hold while Lowering the Price Target of the company shares to $ 36 from a previous price target of $39 . The Rating was issued on Jan 28, 2016.CommVault Systems is Reiterated by Mizuho to Buy while Lowering the Price Target of the company shares to $ 36 from a previous price target of $44 . The Rating was issued on Jan 22, 2016.

Currently the company Insiders own 13.5% of CommVault Systems shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -13.36%.Institutional Investors own 96.02% of CommVault Systems shares.During last six month period, the net percent change held by insiders has seen a change of -10.47%.

CommVault Systems Inc. (CommVault) is a provider of data and information management software applications and related services. The Company develops market and sell data and information management software applications under the Simpana Software brand. The Company develops markets and sells a suite of software applications and services primarily in North America Europe Australia and Asia that provides its customers with data protection including backup and recovery; data migration and archiving; snapshot management and replication of data; integrated source and target data deduplication; eDiscovery and compliance solutions; self-service access; a secure virtual repository using simpana contentStore; enterprise-wide search capabilities; protection recovery and discovery of data in virtual server and cloud environments; and robust built-in analytics and troubleshooting tools. Company also provides its customers with a range of professional and customer support services.

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CommVault Systems - Is it time to Sell?

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