Commvault Systems Inc’s filing revealed that its Director Bejar Martha Helena unloaded Company’s shares for reported $0.62 million on May 01 ’24. In the deal valued at $103.23 per share,6,000 shares were sold. As a result of this transaction, Bejar Martha Helena now holds 4,317 shares worth roughly $0.46 million.
Then, Mirchandani Sanjay sold 21,494 shares, generating $2,102,543 in total proceeds. Upon selling the shares at $97.82, the President & CEO now owns 399,356 shares.
Before that, Merrill Gary sold 822 shares. Commvault Systems Inc shares valued at $79,940 were divested by the Chief Financial Officer at a price of $97.25 per share. As a result of the transaction, Merrill Gary now holds 87,945 shares, worth roughly $9.45 million.
KeyBanc Capital Markets upgraded its Commvault Systems Inc [CVLT] rating to an Overweight from a a Sector weight in a research note published recently. A number of analysts have revised their coverage, including DA Davidson’s analysts, who began to cover the stock in mid August with a ‘”a Buy”‘ rating. Guggenheim began covering CVLT with “Buy” recommendation on January 27, 2023. Piper Sandler revised its rating on July 13, 2022. It rated CVLT as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of CVLT
On Friday, Commvault Systems Inc [NASDAQ:CVLT] saw its stock jump 2.55% to $107.43. Over the last five days, the stock has gained 9.29%. Commvault Systems Inc shares have risen nearly 34.54% since the year began. Nevertheless, the stocks have risen 75.42% over the past one year. While a 52-week high of $107.46 was reached on 05/03/24, a 52-week low of $60.43 was recorded on 01/05/24. SMA at 50 days reached $98.34, while 200 days put it at $80.28. A total of 0.51 million shares were traded, compared to the trading of 0.34 million shares in the previous session.
Levels Of Support And Resistance For CVLT Stock
The 24-hour chart illustrates a support level at 105.21, which if violated will result in even more drops to 102.99. On the upside, there is a resistance level at 109.45. A further resistance level may holdings at 111.46. The Relative Strength Index (RSI) on the 14-day chart is 75.78, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.32, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.51%. Stochastics %K at 78.40% indicates the stock is a holding.
