Commvault Systems Inc’s recent filing unveils that its Director Pickens Allison unloaded Company’s shares for reported $0.21 million on Nov 29 ’24. In the deal valued at $172.50 per share,1,232 shares were sold. As a result of this transaction, Pickens Allison now holds 5,899 shares worth roughly $0.94 million.
Then, Mirchandani Sanjay sold 10,775 shares, generating $1,781,160 in total proceeds. Upon selling the shares at $165.30, the President & CEO now owns 459,969 shares.
Before that, Merrill Gary sold 1,523 shares. Commvault Systems Inc shares valued at $251,123 were divested by the Chief Commercial Officer at a price of $164.89 per share. As a result of the transaction, Merrill Gary now holds 93,007 shares, worth roughly $14.82 million.
William Blair upgraded its Commvault Systems Inc [CVLT] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in mid January with a ‘”a Neutral”‘ rating. KeyBanc Capital Markets began covering CVLT with “an Overweight” recommendation on January 16, 2025. Oppenheimer started covering the stock on November 13, 2024. It rated CVLT as “an Outperform”.
Price Performance Review of CVLT
On Monday, Commvault Systems Inc [NASDAQ:CVLT] saw its stock jump 0.03% to $159.31. Over the last five days, the stock has gained 0.64%. Commvault Systems Inc shares have risen nearly 5.57% since the year began. Nevertheless, the stocks have risen 73.77% over the past one year. While a 52-week high of $178.72 was reached on 01/28/25, a 52-week low of $90.32 was recorded on 01/28/25. SMA at 50 days reached $163.45, while 200 days put it at $141.13.
Levels Of Support And Resistance For CVLT Stock
The 24-hour chart illustrates a support level at 155.10, which if violated will result in even more drops to 150.89. On the upside, there is a resistance level at 161.58. A further resistance level may holdings at 163.86. The Relative Strength Index (RSI) on the 14-day chart is 49.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.95%. Stochastics %K at 71.70% 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 2024-12-31, growing by 0.16 million shares to a total of 1.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 0.91 million shares. There was a rise of 15.09%, which implies that there is a positive sentiment for the stock.
