Commvault Systems director sells $212,520 in stock

In a recent transaction disclosed in a Form 4 filing with the Securities and Exchange Commission, Allison Pickens, a director at Commvault Systems Inc. (NASDAQ:CVLT), sold 1,232 shares of the company's common stock. The shares were sold at a price of $172.50 each, amounting to a total transaction value of $212,520. Following this sale, Pickens holds 5,899 shares in the company.The sale comes as Commvault's stock trades near its 52-week high, with shares up an impressive 114% year-to-date. According to InvestingPro analysis, the company maintains excellent financial health with strong profit margins and moderate debt levels. While currently trading above its Fair Value, Commvault boasts 16 additional ProTips available to subscribers, offering deeper insights into the company's performance and valuation metrics.

In other recent news, CommVault Systems (NASDAQ:CVLT) has seen significant growth in recent developments. The company's Q2 fiscal year 2025 earnings report showed a 16% increase in total revenue to $233 million, and a 20% rise in Annual Recurring Revenue (ARR) to $853 million. Notably, Software (ETR:SOWGn) as a Service (SaaS) ARR surged by 64% to $215 million, with free cash flow also increasing by 34% to $54 million.

CommVault also announced strategic partnerships with AWS and Google (NASDAQ:GOOGL) Cloud, enhancing its cloud data protection offerings. The company ended the quarter with $303 million in cash and no debt, and plans to continue repurchasing shares. Future revenue projections for Q3 and the full fiscal year suggest continued growth, with total revenue expected to reach up to $957 million.

In addition, Oppenheimer recently initiated coverage on CommVault, assigning an Outperform rating and setting a price target of $200. The firm's outlook is based on several industry trends that favor CommVault's business model, including the increasing significance of data, growing incidence of data security breaches, and the industry's shift toward as-a-service platforms.

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