CEO Sanjay Mirchandani sells 9,701 CVLT shares at $107.39; stock -46.1% from 52-week high but +15.1% in 30 days
Sanjay Mirchandani, President & CEO, sold 9,701 shares at $107.39 for $1,041,800.09, reducing his holdings by 2.9% to 322,544 shares. The sale occurred while CVLT stock is down -46.1% from its 52-week high of $200.68 but has rebounded +15.1% over the past 30 days. At his cross-ticker track record level, Mirchandani's 20 prior open-market sells show a 90-day well-timed rate of 85.00%, though his average 90-day return after sales was -18.6%, suggesting his sells have historically preceded declines. Looking specifically at CVLT, his prior 5 trades at this ticker show mixed timing: 2 of 5 prior sales were well-timed at the 90-day mark, with 90-day returns ranging from -27.4% to +34.2%. The company fundamentals show $313.8M quarterly revenue, +18.9% annual growth, and a P/E of 54.59, indicating a high valuation multiples environment that may be relevant context for a sale at current levels.