What Did This CEO Just Do with Personal Shares of CommVault Systems (NASDAQ: CVLT)?

By Carrie Williams

Today, the COB, Pres & CEO of CommVault Systems (CVLTResearch Report), Robert Hammer, sold shares of CVLT for $4.28M.

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Based on CommVault Systems’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $169 million and quarterly net profit of $891K. In comparison, last year the company earned revenue of $168 million and had a GAAP net loss of $1.01 million. Currently, CommVault Systems has an average volume of 286.8K.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $68.00, reflecting a 18.7% upside.

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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.