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.
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
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
Investment Themes
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 | ||||
|---|---|---|---|---|---|
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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