Gary Merrill, Chief Financial Officer of Commvault Systems Inc. (NASDAQ:CVLT), sold 3,098 shares on May 18, 2026, at $104.54 each, totaling $323,864. The sale was to satisfy tax withholding obligations related to restricted stock vesting.
The stock currently trades at $101.97, below the sale price, and well off its 52-week high of $200.68.
On May 15, 2026, Merrill acquired 24,357 shares via restricted stock units (RSUs) vesting over three years. He also acquired 278 shares from performance stock units (PSUs) that vested on their first anniversary.
Following these transactions, Merrill holds 77,067 shares directly. Commvault maintains an 81% gross profit margin.
In recent news, Commvault reported strong Q4 2026 results: EPS of $1.28 on revenue of $312 million. Mizuho raised its price target to $130, Truist Securities to $155, while Piper Sandler cut to $133. Wolfe Research initiated with Peerperform.
