Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Commvault Systems Inc shares valued at $212,520 were sold by Pickens Allison on Nov 29 ’24. At $172.50 per share, Pickens Allison sold 1,232 shares. The insider’s holdings dropped to 5,899 shares worth approximately $0.94 million following the completion of this transaction.
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Also, Mirchandani Sanjay sold 10,775 shares, netting a total of over 1,781,160 in proceeds. Following the sale of shares at $165.30 each, the insider now holds 459,969 shares.
Before that, Merrill Gary had sold 1,523 shares from its account. In a trade valued at $251,123, the Chief Commercial Officer traded Commvault Systems Inc shares for $164.89 each. Upon closing the transaction, the insider’s holdings decreased to 1,523 shares, worth approximately $14.76 million.
As published in their initiating research note from Oppenheimer on November 13, 2024, Commvault Systems Inc [CVLT] has been an Outperform and the price target has been revised to $200. Analysts at Guggenheim downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid October. As of January 31, 2024, KeyBanc Capital Markets has increased its “Sector weight” rating to a “an Overweight” for CVLT. Earlier on August 17, 2023, DA Davidson initiated its rating. Their recommendation was “a Buy” for CVLT stock.
Analyzing CVLT Stock Performance
During the last five days, there has been a drop of approximately -8.32%. Over the course of the year, Commvault Systems Inc shares have jumped approximately 98.75%. Shares of the company reached a 52-week high of $178.72 on 11/26/24 and a 52-week low of $73.33 on 01/05/24. A 50-day SMA is recorded $162.76, while a 200-day SMA reached $132.60. Nevertheless, trading volume fell to 0.49 million shares from 0.27 million shares the previous day.
Support And Resistance Levels for Commvault Systems Inc (CVLT)
According to the 24-hour chart, there is a support level at 155.14, which, if violated, would cause prices to drop to 151.57. In the upper region, resistance lies at 164.71. The next price resistance is at 170.71. RSI (Relative Strength Index) is 37.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.52, which suggests the price will decrease in the coming days. Percent R is at 94.55%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
