Entropy Technologies LP bought a new stake in CommVault Systems, Inc. (NASDAQ:CVLT – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,540 shares of the software maker’s stock, valued at approximately $509,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. State of Wyoming purchased a new position in shares of CommVault Systems during the second quarter valued at $35,000. FNY Investment Advisers LLC purchased a new stake in CommVault Systems in the 4th quarter worth about $36,000. Banque Cantonale Vaudoise acquired a new stake in CommVault Systems during the 3rd quarter worth about $39,000. Assetmark Inc. boosted its position in CommVault Systems by 33.6% during the 4th quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock worth $41,000 after acquiring an additional 82 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in CommVault Systems by 188.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock valued at $47,000 after acquiring an additional 177 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have recently weighed in on CVLT. Cantor Fitzgerald reiterated a “neutral” rating and issued a $132.00 target price on shares of CommVault Systems in a report on Monday. Truist Financial raised their price target on shares of CommVault Systems from $155.00 to $182.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. UBS Group reaffirmed a “neutral” rating on shares of CommVault Systems in a research report on Monday. Jefferies Financial Group reiterated a “hold” rating and issued a $130.00 price objective on shares of CommVault Systems in a research note on Wednesday. Finally, Weiss Ratings upgraded shares of CommVault Systems from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, CommVault Systems has a consensus rating of “Moderate Buy” and an average target price of $152.47.
Insider Buying and Selling
In related news, CAO Danielle Nicole Abrahamsen sold 1,065 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $105.84, for a total transaction of $112,719.60. Following the transaction, the chief accounting officer owned 13,581 shares of the company’s stock, valued at approximately $1,437,413.04. This trade represents a 7.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Sanjay Mirchandani sold 19,396 shares of CommVault Systems stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $105.49, for a total transaction of $2,046,084.04. Following the completion of the sale, the chief executive officer owned 315,377 shares of the company’s stock, valued at $33,269,119.73. This trade represents a 5.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 55,279 shares of company stock worth $5,786,557. Insiders own 0.86% of the company’s stock.
Trending Headlines about CommVault Systems
Here are the key news stories impacting CommVault Systems this week:
- Positive Sentiment: Fiscal Q1 results beat expectations. Commvault reported non-GAAP EPS of $1.42, above the $1.16-$1.18 consensus range, while revenue of $314.13 million exceeded estimates of roughly $310 million. EPS increased from $1.01 a year ago and revenue rose 11.4%. Commvault Systems Beats Q1 Earnings and Revenue Estimates
- Positive Sentiment: SaaS and recurring-revenue growth remained strong. Subscription revenue rose 16% year over year to a record $267 million, subscription ARR increased 22% to $1.054 billion, and free cash flow grew 71% to $51 million. These trends support the company’s transition toward more predictable, higher-quality recurring revenue. Commvault Announces First Quarter Fiscal 2027 Financial Results
- Neutral Sentiment: Full-year revenue guidance was broadly in line. Commvault forecast fiscal 2027 revenue of approximately $1.3 billion, matching consensus. However, the company did not provide a clear EPS outlook in the reported guidance update. CVLT Q1 Earnings Beat Estimates
- Negative Sentiment: Near-term guidance offered little upside. Second-quarter revenue guidance of $310 million was slightly below the approximately $310.6 million consensus estimate, reinforcing concerns that growth may not accelerate immediately.
- Negative Sentiment: Piper Sandler downgraded CVLT to Neutral from Overweight. The firm cited a lack of catalysts, even though its $133 price target remained above the recent trading level. The downgrade likely amplified the market’s negative reaction to an otherwise solid earnings report. Commvault Collapses After Q1 Results
CommVault Systems Stock Performance
Shares of CVLT stock opened at $120.31 on Thursday. The company has a debt-to-equity ratio of 16.94, a current ratio of 2.04 and a quick ratio of 1.95. CommVault Systems, Inc. has a fifty-two week low of $71.75 and a fifty-two week high of $200.68. The stock’s 50-day moving average is $132.47 and its two-hundred day moving average is $106.98. The firm has a market cap of $4.98 billion, a P/E ratio of 76.63 and a beta of 0.79.
CommVault Systems (NASDAQ:CVLT – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The software maker reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.26. The company had revenue of $314.13 million during the quarter, compared to the consensus estimate of $310.43 million. CommVault Systems had a return on equity of 88.75% and a net margin of 5.62%.The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the business earned $1.01 EPS. Analysts predict that CommVault Systems, Inc. will post 2.88 earnings per share for the current fiscal year.
CommVault Systems Company 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.
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