Commvault Systems Inc (CVLT) Files Form 4 Insider Selling : Gary Merrill Sells 1,037 Shares

Commvault Systems Inc (CVLT): Gary Merrill , Chief Accounting Officer of Commvault Systems Inc sold 1,037 shares on May 23, 2016. The Insider selling transaction was reported by the company on May 25, 2016 to the Securities and Exchange Commission. The shares were sold at $44.23 per share for a total value of $45,872.34 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 25, 2016, Armando Geday (director) sold 2,200 shares at $44.41 per share price.On May 13, 2016, Brian Carolan (VP Finance and CFO) sold 4,000 shares at $43.80 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.

CommVault Systems: On Friday, May 20, 2016 heightened volatility was witnessed in CommVault Systems which led to swings in the share price. The shares opened for trading at $43.66 and hit $44.51 on the upside , eventually ending the session at $44.28, with a gain of 2.17% or 0.94 points. The heightened volatility saw the trading volume jump to 2,19,351 shares. The 52-week high of the share price is $46.44 and the company has a market cap of $1,958,194 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 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.

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