In a filing, Commvault Systems Inc revealed its Officer SANJAY MIRCHANDANI acquired Company’s shares for reported $1.12 million on Nov 18 ’24. In the deal valued at $165.56 per share,6,750 shares were bought.
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Then, SANJAY MIRCHANDANI bought 8,232 shares, generating $1,407,919 in total proceeds.
Before that, GARY MERRILL bought 2,456 shares. Commvault Systems Inc shares valued at $420,050 were divested by the OFFICER at a price of $171.03 per share.
Oppenheimer initiated its Commvault Systems Inc [CVLT] rating to an Outperform in a research note published on November 13, 2024; the price target was $200. A number of analysts have revised their coverage, including Guggenheim’s analysts, who decreased its forecast for the stock in mid October from “a Buy” to “a Neutral”. KeyBanc Capital Markets also remained covering CVLT and has increased its forecast on January 31, 2024 with a “an Overweight” recommendation from previously “Sector weight” rating. DA Davidson started covering the stock on August 17, 2023. It rated CVLT as “a Buy”.
Price Performance Review of CVLT
On Monday, Commvault Systems Inc [NASDAQ:CVLT] saw its stock fall -1.43% to $166.12. Over the last five days, the stock has lost -4.04%. Commvault Systems Inc shares have risen nearly 108.04% since the year began. Nevertheless, the stocks have risen 140.41% over the past one year. While a 52-week high of $178.29 was reached on 11/14/24, a 52-week low of $68.02 was recorded on 01/05/24. SMA at 50 days reached $154.15, while 200 days put it at $124.50.
Levels Of Support And Resistance For CVLT Stock
The 24-hour chart illustrates a support level at 163.43, which if violated will result in even more drops to 160.74. On the upside, there is a resistance level at 168.69. A further resistance level may holdings at 171.26. The Relative Strength Index (RSI) on the 14-day chart is 55.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.07, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 49.19%. Stochastics %K at 68.99% 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 2024-10-31, growing by 13486.0 shares to a total of 0.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.83 million shares. There was a rise of 1.59%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 27, 2023 when Guggenheim began covering the stock and recommended ‘”a Buy”‘ rating along with a $86 price target.
