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.
Price Chart
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 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
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
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
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CVLT-1779832330587 |
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 10w 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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