Commvault Systems Inc’s filing revealed that its Director Lee Vivie unloaded Company’s shares for reported $0.24 million on Aug 30 ’24. In the deal valued at $152.76 per share,1,569 shares were sold. As a result of this transaction, Lee Vivie now holds 13,550 shares worth roughly $2.0 million.
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Then, Adamo Nicola sold 1,569 shares, generating $239,680 in total proceeds. Upon selling the shares at $152.76, the Director now owns 17,903 shares.
Before that, Pickens Allison sold 1,232 shares. Commvault Systems Inc shares valued at $189,595 were divested by the Director at a price of $153.89 per share. As a result of the transaction, Pickens Allison now holds 7,131 shares, worth roughly $1.05 million.
Guggenheim downgraded its Commvault Systems Inc [CVLT] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who increased its forecast for the stock in late January from “a Sector weight” to “an Overweight”. DA Davidson began covering CVLT with “Buy” recommendation on August 17, 2023. Guggenheim started covering the stock on January 27, 2023. It rated CVLT as “a Buy”.
Price Performance Review of CVLT
On Tuesday, Commvault Systems Inc [NASDAQ:CVLT] saw its stock fall -9.80% to $147.84. Over the last five days, the stock has lost -7.32%. Commvault Systems Inc shares have risen nearly 85.15% since the year began. Nevertheless, the stocks have risen 120.92% over the past one year. While a 52-week high of $165.73 was reached on 10/14/24, a 52-week low of $63.70 was recorded on 01/05/24. SMA at 50 days reached $150.83, while 200 days put it at $115.44.
Levels Of Support And Resistance For CVLT Stock
The 24-hour chart illustrates a support level at 141.21, which if violated will result in even more drops to 134.57. On the upside, there is a resistance level at 156.48. A further resistance level may holdings at 165.11. The Relative Strength Index (RSI) on the 14-day chart is 43.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.16, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bearish at 79.44%. Stochastics %K at 69.13% indicates the stock is a holding.
How much short interest is there in Commvault Systems Inc?
A steep rise in short interest was recorded in Commvault Systems Inc stocks on 2024-09-30, dropping by 47660.0 shares to a total of 0.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 0.88 million shares. There was a decline of -5.72%, which implies that there is a negative sentiment for the stock.
