The insider sales are too small relative to market cap to signal anything about fundamentals. Monitor the next 10-Q for any guidance changes, but this cluster alone does not warrant a trading action. The CEO's sales pattern (three consecutive days) suggests a pre-arranged 10b5-1 plan rather than opportunistic selling.
Price Chart
Executive Summary
CommVault CEO Sanjay Mirchandani sold ~$2.5M worth of stock over a 3-day window, joined by the CFO and Chief Accounting Officer, in a cluster totaling ~$4.1M in open-market sales. The CEO's sales alone represent ~0.04% of the $5.9B market cap, which is below the 0.1% threshold for materiality, and the CFO/CAO sales are even smaller. While the cluster includes multiple C-suite executives, the dollar amounts are trivial relative to company size, and the sales appear liquidity-driven (likely tied to a 10b5-1 plan or post-blackout window opening), not a bearish signal.
Key Financial Metrics
Key Facts
- CEO Sanjay Mirchandani sold 24,134 shares total (~$3.47M) on Aug 17-19, 2026
- CFO Gary Merrill sold 3,147 shares (~$451K) on Aug 18-19, 2026
- CAO Danielle Abrahamsen sold 996 shares (~$143K) on Aug 17-19, 2026
- Total open-market sales in cluster: ~$4.1M, representing ~0.07% of $5.9B market cap
- Two directors (Lee Vivie, A. Shane Sanders) sold ~$144K combined on Aug 10, 2026
- No open-market purchases in the cluster — all trades are sales
- All sales are well below the 0.1% of market cap materiality threshold
Financial Impact
Total insider sales of ~$4.1M represent ~0.07% of $5.9B market cap — trivial and routine
Risk Factors
- Insider sales could accelerate if the stock continues to rally, but current volume is immaterial
- No purchases to offset the selling — a one-sided cluster, though dollar amounts are trivial
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CVLT-1787196646668 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 20d ago | Press Release | $154.98 | awaiting T+60 | — | $167.73 (+8.23%) |
Sep 24, 2026 4w ago | 8-K | $150.00 | awaiting T+60 | — | $167.73 (+11.82%) |
Aug 19, 2026 9w ago | Insider Cluster | $131.63 | awaiting T+60 | — | $167.73 (+27.43%) |
Aug 12, 2026 10w ago | Insider Cluster | $151.10 | awaiting T+60 | — | $167.73 (+11.01%) |
Aug 10, 2026 11w ago | Insider Cluster | $139.43 | awaiting T+60 | — | $167.73 (+20.30%) |
Jul 28, 2026 12w ago | 8-K | $120.02 $163.55 | ▲ +36.26% | ▲ +31.91% | $167.73 (+39.75%) |
May 21, 2026 22w ago | Insider Cluster | $107.25 $142.81 | ▲ +33.16% | ▲ +29.97% | $167.73 (+56.39%) |
May 21, 2026 22w ago | Insider Cluster | $107.25 $142.81 | ▲ +33.16% | ▲ +29.97% | $167.73 (+56.39%) |
May 21, 2026 22w ago | Insider Cluster | $107.25 $142.81 | ▲ +33.16% | ▲ +29.97% | $167.73 (+56.39%) |
May 19, 2026 22w ago | Insider Cluster | $104.54 $147.09 | ▲ +40.70% | ▲ +35.69% | $167.73 (+60.45%) |
US Market Status
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