CommVault Systems, Inc. (NASDAQ:CVLT) insider has recently participated in insider trading activity. Director, GEDAY ARMANDO sold 4,000 shares for $143,840 via one transaction Feb 16. Following the transaction, the insider now owns 66,951shares in total, priced at $2438355.42 as of Thursday. Another notable insider trading was done by the same insider on Nov 17. GEDAY ARMANDO Sold 3,500 shares at an average price of $39.70 for a total of $138,950. Moreover, WALKER DAVID F carried out a sale of 5,200 shares at $38.50 each on Feb 01. The transaction amounted to $200,200. VP Finance and CFO CAROLAN BRIAN sold 4,000 shares for $167,600 through one transaction Dec 02. Following this sale, this insider’s stake in the company comprises 80,277 shares, priced at $2923688.34 as of Thursday.
The stock has experienced a total of 18 insider trades in the past three months. These trades include 15 sell activities and 3 buy trades. Furthermore, over the past 12 months, the stock was traded 76 times by insiders. In 57 of these trades, the insider was a seller while an employee of the company was the buyer in just 19 instances.
CommVault Systems, Inc. (CVLT) on February 10, 2016 announced that Australian based law firm, M+K Lawyers, has adopted the Commvault Data Platform and Pure Storage FlashArray to drive savings, speed and security through holistic management of their information assets.
M+K has deployed Commvault on virtualised servers and Pure Storage flash array in order to optimise application performance, better manage data growth as a result of rapid expansion and provide the flexibility needed to respond to future change.
With 45 principals, 275 staff and a footprint that stretches along the East coast, M+K Lawyers needed to ensure a holistic data management strategy with assurance that their business information would be available as required.
Matt Purves, M+K’s national infrastructure manager, explained, “We work in a highly competitive environment where time is literally money and every six minutes is billed, so it is essential that our systems deliver speed and reliability to support the business. Every minute saved in application performance can mean a spike in revenue.”
When first adopting Commvault software for streamlined information management including backup, disaster recovery and archiving, the de-duplication capabilities enabled M+K to reduce the amount of data they needed to manage by 90 percent – driving significant cost savings and network efficiencies. “Since then, the introduction of Pure Storage, a leading provider of all-flash storage, enabled the firm to deliver more productivity gains through strong native integration with Commvault.”
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