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Insider Trends: Insider at Commvault Systems Sells for Tax Adds to 90-Day Selling Trend

05/07/2021 12:34

04:24 PM EDT, 05/07/2021 (MT Newswires) -- On May 05, 2021, Sanjay Mirchandani, Director and President & CEO, completed a sale of 1,539 Commvault Systems (CVLT) shares for approximately $103,975 to meet tax obligations. After the Form 4 filing with the SEC, Mirchandani owns 284,003 shares of company stock, which have a market value of $19.2 million as of the prior-day closing price.

Over the last 90 days, previous to the date of this filing, there have been 13 insider transactions reported to the SEC for Commvault Systems. These transactions came from the activities of 4 individual insiders that resulted in a net disposition of 7,839 company shares. In the preceding 90-day window of time, there were 18 transactions from 5 insiders and resulted in the net disposition of 42,371 shares.

This is a lower level of transactions than the peer group average in the 118-company Software peer group over the last 90-day period. Activity in the peer group averaged 90.0 transactions per company, with company insiders acquiring on average 180,651 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1169561/000120919121030908/xslF345X03/doc4.xml

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