Commvault Executives Liquidate More Than $7 Million in Company Shares

Several executives at Commvault Systems Inc. have recently engaged in the sale of company shares. Director Vivie Lee sold 2,500 shares at a price of $112.19 per share, totaling $280,475. Chief Financial Officer Merrill Gary sold shares worth approximately $1.5 million, with prices ranging between $110.20 and $111.07. Director Nicola Adamo also sold 875 shares at $112.19 per share, totaling about $98,000. CEO Sanjay Mirchandani sold over $5 million in shares at prices ranging from $110.20 to $111.04 and received 126,868 shares as part of his compensation in restricted stock units and performance share units (PSUs).

These sales come amidst a broader pattern of insider transactions, with 30 insider sells and no insider purchases reported over the past year. The transactions have been disclosed in filings with the SEC as per regulatory requirements. Commvault Systems, with a market capitalization of $4.83 billion and a Price/Earnings (P/E) ratio of 28.92, is considered significantly overvalued based on a price-to-GF Value ratio of 1.48, which references a GF Value of $76.03. The company, known for its data protection and information management software applications, has maintained a gross profit margin of 81.93% over the last twelve months. Despite high valuation multiples, Commvault Systems has experienced strong returns, with a one-year total return of 69.94% and is trading near its 52-week high.