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 May 3, 2016. The Insider selling transaction was reported by the company on May 5, 2016 to the Securities and Exchange Commission. The shares were sold at $45.90 per share for a total value of $183,600.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 19, 2016, Brian Carolan (VP Finance and CFO) sold 4,000 shares at $43.90 per share price.On Feb 18, 2016, Armando Geday (director) sold 4,000 shares at $35.96 per share price.Also, On Feb 4, 2016, David F Walker (director) sold 5,200 shares at $38.50 per share price.On Nov 3, 2015, Gary Merrill (Chief Accounting Officer) sold 2,307 shares at $40.46 per share price.

Shares of CommVault Systems (CVLT) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.54 points or -1.26% at $42.39 with 6,83,770 shares getting traded. Post opening the session at $43.29, the shares hit an intraday low of $42.17 and an intraday high of $43.49 and the price vacillated in this range throughout the day. The company has a market cap of $1,915 M and the number of outstanding shares has been calculated to be 4,51,66,564 shares. The 52-week high of CommVault Systems is $47.615 and the 52-week low is $29.41.

CommVault Systems Money Flow Index Chart

Company has been under the radar of several Street Analysts.CommVault Systems is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 47 from a previous price target of $43 .The Rating was issued on May 4, 2016.CommVault Systems is Reiterated by Mizuho to Buy and the brokerage firm has raised the Price Target to $ 50 from a previous price target of $40 .The Rating was issued on Apr 27, 2016.

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.

Leave a Reply

CommVault Systems - Is it time to Sell?

Top Brokerage Firms are advising their investors on CommVault Systems. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.