CVLT CLUSTER SEC Filing Analysis

Latest settled — T+5d ⚠ clustered

CVLT ▲ +14.12% at T+5d

NEUTRAL call ✓ call won +14.12% · α vs SPY +12.44% · entry $107.25 → $122.39

Next anchor: T+20d in 7d

Last close $127.76 (close Jun 12) · +19.12% from $107.25 entry

Entry anchored
May 21, 03:59 PM ET
via Databento tick

T+1d

+0.78%

call +0.78% · α +0.20%

$108.09

settled 24d ago

T+5d

+14.12%

call +14.12% · α +12.44%

$122.39

settled 17d ago

T+20d

—

call — · α —

—

in 7d

T+60d

—

call — · α —

—

in 2mo

Price Chart

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Executive Summary

Three top insiders at Commvault (CEO, CFO, CAO) sold a combined $1.12M in open-market sales over a 7-day window, with the CEO alone accounting for $838K. The cluster is amplified by the presence of a concurrent equity grant (CEO received 17,118 shares at $0), suggesting the sales are partly for tax planning and diversification following the grant. However, the total sales represent only ~0.025% of the $4.4B market cap, making the dollar value trivial relative to company size. The historical calibration shows past neutral calls on CVLT performed well (+16% T+20), and the score calibration warns that scores of 6-7 have only ~29% observed up-move probability, biasing this toward a lower impact. The cross-filing actuarial verdicts flag multiple amplifiers for this cluster, but the standalone economic insignificance of the sales outweighs the pattern-based amplification.

Key Financial Metrics

Direction

selling

Total Value

$1.1M

Insiders

3

Actionable Insight

The insider sales are too small relative to market cap to signal material bearish conviction. The CEO's grant-and-sell pattern is typical post-vesting liquidity management. Monitor the next 10-Q for any guidance changes, but this cluster alone does not warrant action.

Key Facts

CEO Sanjay Mirchandani sold 8,450 shares at $99.13 for $837,648 on 2026-05-20
CFO Gary Merrill sold 2,300 shares at $106.19 for $243K on 2026-05-19
CAO Danielle Abrahamsen sold 365 shares at $99.13 for $36K on 2026-05-20
CEO also received a non-cash grant of 17,118 shares at $0 on 2026-05-21
Total open-market sales: ~$1.12M, representing ~0.025% of $4.4B market cap
All three insiders also sold additional shares on 2026-05-22 and 2026-05-26 at higher prices (~$107), extending the cluster pattern

Financial Impact

Total insider sales of ~$1.12M represent 0.025% of market cap — economically trivial

insider ownershipdilution

Risk Factors

Insider sales could accelerate if stock continues to rise, but no evidence of coordinated bearish view
CEO's grant of 17,118 shares adds ~0.04% dilution, offset by open-market sales

Market Snapshot

Exchange

Nasdaq

Sector

Services-Prepackaged Software

Analyst Consensus

74% bullish (23 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
CLUSTER Data (Synthetic)	cluster-CVLT-1779832330587

6 reports for CVLT

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for CVLT — sortable, filterable
	Type				Now
May 21, 2026 24d ago	Insider Cluster NEUTRAL ★ 3/10	$107.25 $122.39	▲ +14.12%	▲ +12.44%	$127.76 (+19.12%)
May 21, 2026 24d ago	Insider Cluster NEUTRAL ★ 4/10	$107.25 $122.39	▲ +14.12%	▲ +12.44%	$127.76 (+19.12%)
May 21, 2026 24d ago	Insider Cluster NEUTRAL ★ 3/10	$107.25 $122.39	▲ +14.12%	▲ +12.46%	$127.76 (+19.12%)
May 19, 2026 26d ago	Insider Cluster NEUTRAL ★ 3/10	$104.54 $110.73	▲ +5.92%	▲ +4.12%	$127.76 (+22.21%)
Apr 28, 2026 6w ago	8-K BULLISH ★ 7/10	$97.98 $101.83	▲ +3.93%	▲ +2.24%	$127.76 (+30.39%)
Apr 13, 2026 8w ago	8-K NEUTRAL ★ 3/10	$89.62 $95.90	▲ +7.01%	▲ +3.71%	$127.76 (+42.56%)

US Market Status

Market Closed — Opens in 3h 29m

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