CVLT COMMVAULT SYSTEMS INC
Price Chart
Executive Summary
A cluster of insider selling at Commvault Systems (CVLT) over the past week, led by CEO Sanjay Mirchandani and CFO Gary Merrill, totaled ~$1.12M in open-market sales. While the dollar amount is modest relative to the $4.4B market cap (~0.025%), the involvement of the CEO and CFO in the same window warrants attention. The sales are not clearly tied to a 10b5-1 plan pattern, and the cluster occurs without any disclosed negative catalyst, though the stock has rallied significantly recently.
Key Financial Metrics
Actionable Insight
The cluster is small relative to market cap and lacks a clear bearish catalyst, but the concentration of C-suite sales in a tight window is unusual. Monitor for any upcoming earnings pre-announcement or material news. If the stock continues to rally without a fundamental catalyst, the selling may increase — watch for additional Form 4 filings.
Key Facts
- CEO Sanjay Mirchandani sold 9,701 shares on May 22 at ~$107.39 for ~$1.04M, and 8,450 shares on May 20 at ~$99.13 for ~$838K.
- CFO Gary Merrill sold 2,300 shares on May 19 at ~$106.19 for ~$243K.
- CAO Danielle Abrahamsen sold 365 shares on May 20 at ~$99.13 for ~$36K.
- Total open-market sales: ~$1.12M, representing ~0.025% of CVLT's $4.4B market cap.
- CEO also received a non-cash grant of 17,118 shares on May 21 (value $0).
- No 10b5-1 plan pattern is evident; sales are clustered in a 4-day window.
- CVLT has 74% analyst bullish rating (6 Strong Buy, 11 Buy, 6 Hold).
Financial Impact
Insider selling of ~$1.12M, or ~0.025% of market cap — below the 0.1% threshold for materiality.
Risk Factors
- CEO and CFO selling concurrently could signal reduced conviction in near-term outlook, though amounts are small.
- No disclosed negative catalyst — sales may be diversification or tax planning.
- Stock has rallied recently; insiders may be taking profits after a strong run.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CVLT-1779826036691 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 21, 2026
24d ago
|
Insider Cluster
| $107.25 $122.39 | ▲ +14.12% | ▲ +12.44% | $127.76 (+19.12%) |
|
May 21, 2026
24d ago
|
Insider Cluster
| $107.25 $122.39 | ▲ +14.12% | ▲ +12.44% | $127.76 (+19.12%) |
|
May 21, 2026
24d ago
|
Insider Cluster
| $107.25 $122.39 | ▲ +14.12% | ▲ +12.46% | $127.76 (+19.12%) |
|
May 19, 2026
26d ago
|
Insider Cluster
| $104.54 $110.73 | ▲ +5.92% | ▲ +4.12% | $127.76 (+22.21%) |
|
Apr 28, 2026
6w ago
|
8-K
| $97.98 $101.83 | ▲ +3.93% | ▲ +2.24% | $127.76 (+30.39%) |
|
Apr 13, 2026
8w ago
|
8-K
| $89.62 $95.90 | ▲ +7.01% | ▲ +3.71% | $127.76 (+42.56%) |
US Market Status
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