AlphAIAlphAI — Financial news for AI agents
SEC EDGARAUG 191 min read$CVLT

Mirchandani Sanjay sold $3.5M of CVLT

Mirchandani Sanjay (President & CEO) sold 24,134 shares of COMMVAULT SYSTEMS INC (CVLT) at an average of $143.58 ($142.80–$143.98, $3.47M total) across 3 trades over 2026-08-17 to 2026-08-19 under a Rule 10b5-1 trading plan.

Original reporting
SEC EDGAR · Mirchandani Sanjay
Published Aug 19, 2026, 9:35 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Aug 19, 2026, 9:40 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About AlphAI AI DeskScoring methodologyReport an issue
AlphAI market briefInsider activity
Primary signal
$CVLT
Bearish
medium confidence
Mentioned
$CVLT
Relevance
5/10
AlphAI data visualization · based on SEC EDGAR
Decision brief

The 30-second read

$CVLTBearishLow
01

Why it matters

The disclosed insider sale adds a new data point for traders assessing short‑term sentiment.

02

Market read

First‑report Form 4 filing; modest insider sell may cause slight price dip.

03

What to watch

CEO retains a sizable stake of 257,676 shares, indicating continued commitment.

Relevance 5/10Novelty 5/10Timing: filed today

Background

CommVault Systems (CVLT) is a mid‑cap provider of data protection and information management software.

Company-level read

Ticker impact

$CVLTBearishMedium confidence
Context

SEC Form 4 shows CEO Sanjay Mirchandani sold 24,134 shares for $3.47M via a 10b5‑1 plan.

Expected impact

Modest downside pressure over the next few days.

Evidence & confidence

Sale size is modest relative to market cap but involves the CEO; market may react negatively.

Market effects

Sector

Minimal impact on the broader data‑center and security software sector.

Regional

Limited to U.S. investors tracking CommVault.

Global

Low

Counterpoint

What could challenge this read

The sale could be routine liquidity planning under a 10b5‑1, not a bearish signal.

Key entities

  • Company
    CommVault Systems Inc.

    Provider of data management software, ticker CVLT.

  • Executive
    Sanjay Mirchandani

    President & CEO of CommVault, reporting the insider transaction.

Read at source← All news

Full insider trading history

This story covers one filing. See everything behind it: every insider buy and sell on record, 10b5-1 plans, late filings, and which officers and directors are trading.

CVLT insider trading history →

Related articles

OCT 27
$CVLTHigh

Commvault Systems Q2 Profit Rises

Commvault Systems (CVLT) reported Q2 2027 net income of $29.11M ($0.69 per share), up from $14.73M ($0.33 per share) in the prior year. Adjusted net income rose to $58.31M ($1.38 per share) from $41.05M ($0.91 per share). Revenue increased to $312.39M from $276.19M. The company expects 2027 ARR of $1.205B. Shares traded 2.36% higher at $171.69.

rttnews.com2 min
OCT 27
$CVLTMedAI 8/10

Commvault Systems, Inc. Q2 2027 Earnings Call Summary

Commvault Systems, Inc. reported Q2 2027 earnings, highlighting 13% revenue growth and a strategic shift toward cyber resilience. Subscription ARR reached $1.104 billion, with identity resilience revenue nearly doubling year-over-year. The company raised full-year subscription ARR guidance to $1.205 billion to $1.215 billion, driven by cloud-centric and application-based protection offerings.

finance.yahoo.com2 min
OCT 27
$CVLTMedAI 8/10

Commvault (CVLT) Q2 2027 Earnings Call Transcript

Commvault (CVLT) reported Q2 2027 earnings, highlighting growth in subscription ARR (up 20% to $1.104B) and SaaS ARR (up 35% to $454M). The company cited multiproduct adoption, identity resilience, and cloud-centric protection as key growth drivers. Free cash flow was $71M, and the company raised full-year guidance. Commvault also announced participation in Anthropic's Project Mythos and upcoming innovations at its SHIFT conference.

finance.yahoo.com3 min
OCT 27
$CVLTMedAI 8/10

What CommVault Systems (CVLT) Said on Its Q2 Earnings Call

CommVault Systems (CVLT) reported Q2 earnings, adding 500+ subscription customers (17% YoY growth). 53% of SaaS customers use 2+ products. Identity, cloud, and AI are key growth areas. Non-GAAP gross margin improved to 81.6%. The company raised its fiscal 2027 outlook, expecting subscription revenue of $1.127B-$1.133B and total revenue of $1.30B-$1.31B.

finance.yahoo.com2 min