Commvault Systems Inc’s recently made public 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 $ 1.09 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 $17.2 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 Friday, Commvault Systems Inc [NASDAQ:CVLT] saw its stock jump 0.74% to $184.91. Over the last five days, the stock has gained 5.17%. Commvault Systems Inc shares have risen nearly 22.53% since the year began. Nevertheless, the stocks have risen 102.04% over the past one year. While a 52-week high of $185.02 was reached on 02/14/25, a 52-week low of $90.32 was recorded on 01/28/25. SMA at 50 days reached $164.23, while 200 days put it at $144.75.
Levels Of Support And Resistance For CVLT Stock
The 24-hour chart illustrates a support level at 182.47, which if violated will result in even more drops to 180.02. On the upside, there is a resistance level at 186.94. A further resistance level may holdings at 188.96. The Relative Strength Index (RSI) on the 14-day chart is 71.11, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 12.70, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.01%. Stochastics %K at 96.02% indicates the stock is a selling.
How much short interest is there in Commvault Systems Inc?
A steep rise in short interest was recorded in Commvault Systems Inc stocks on 2025-01-31, growing by 0.16 million shares to a total of 1.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 1.08 million shares. There was a rise of 12.69%, which implies that there is a positive sentiment for the stock.
