Strengthening Families & Communities LLC Buys 17,258 Shares of CommVault Systems, Inc. $CVLT

Strengthening Families & Communities LLC increased its stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 2,215.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,037 shares of the software maker’s stock after buying an additional 17,258 shares during the quarter. Strengthening Families & Communities LLC’s holdings in CommVault Systems were worth $3,350,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. State of Wyoming bought a new stake in shares of CommVault Systems in the 2nd quarter worth $35,000. Cullen Frost Bankers Inc. grew its position in CommVault Systems by 43.8% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock worth $46,000 after purchasing an additional 74 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in CommVault Systems by 188.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock valued at $47,000 after buying an additional 177 shares during the last quarter. True Wealth Design LLC lifted its position in shares of CommVault Systems by 244.6% during the 3rd quarter. True Wealth Design LLC now owns 286 shares of the software maker’s stock worth $54,000 after buying an additional 203 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of CommVault Systems in the 3rd quarter worth approximately $57,000. 93.50% of the stock is currently owned by institutional investors.

CommVault Systems Price Performance

NASDAQ CVLT opened at $87.35 on Tuesday. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 4.06. The company has a market cap of $3.84 billion, a PE ratio of 45.03 and a beta of 0.59. CommVault Systems, Inc. has a 52 week low of $84.44 and a 52 week high of $200.68. The firm’s 50-day simple moving average is $120.53 and its two-hundred day simple moving average is $152.16.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.19. The company had revenue of $313.83 million for the quarter, compared to analyst estimates of $299.07 million. CommVault Systems had a net margin of 7.58% and a return on equity of 37.38%. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.94 earnings per share. Research analysts predict that CommVault Systems, Inc. will post 1.65 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on CVLT shares. Oppenheimer dropped their price target on CommVault Systems from $180.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, January 28th. Truist Financial reaffirmed a “buy” rating and set a $155.00 target price (down from $175.00) on shares of CommVault Systems in a research report on Wednesday, January 28th. Weiss Ratings reissued a “hold (c)” rating on shares of CommVault Systems in a report on Wednesday, January 21st. Cantor Fitzgerald decreased their price objective on shares of CommVault Systems from $144.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, January 28th. Finally, KeyCorp lowered their price objective on shares of CommVault Systems from $152.00 to $108.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $143.58.

Insider Transactions at CommVault Systems

In other CommVault Systems news, CFO Jennifer Leigh Dirico sold 830 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $123.58, for a total value of $102,571.40. Following the completion of the transaction, the chief financial officer owned 44,313 shares in the company, valued at $5,476,200.54. This trade represents a 1.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sanjay Mirchandani sold 14,653 shares of CommVault Systems stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $123.65, for a total value of $1,811,843.45. Following the transaction, the chief executive officer directly owned 372,369 shares of the company’s stock, valued at $46,043,426.85. The trade was a 3.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,111 shares of company stock valued at $4,058,851 over the last three months. Company insiders own 1.00% of the company’s stock.

CommVault Systems Profile

Commvault Systems, Inc is a global provider of data protection and information management software designed to help organizations manage, protect, and activate data across on-premises and cloud environments. Founded in 1996 and headquartered in Tinton Falls, New Jersey, Commvault offers a suite of integrated products and services that enable enterprises to back up, recover, archive, and analyze data. Its flagship solutions include Commvault Complete Data Protection, Commvault HyperScale, and the SaaS-based Metallic portfolio, which deliver scalable and automated data management capabilities across hybrid infrastructure environments.

Commvault’s platform is built on a unified architecture that allows customers to streamline operations, reduce complexity, and ensure data resiliency.