Commvault Systems, Inc. (NASDAQ:CVLT) Shares Sold by Cwm LLC

Cwm LLC lessened its position in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 13.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,953 shares of the software maker’s stock after selling 1,854 shares during the quarter. Cwm LLC’s holdings in Commvault Systems were worth $1,453,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in Commvault Systems by 140.5% in the 2nd quarter. GAMMA Investing LLC now owns 529 shares of the software maker’s stock worth $64,000 after purchasing an additional 309 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Commvault Systems during the 4th quarter worth about $67,000. Daiwa Securities Group Inc. grew its position in shares of Commvault Systems by 700.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 800 shares of the software maker’s stock valued at $81,000 after acquiring an additional 700 shares during the period. EntryPoint Capital LLC increased its stake in shares of Commvault Systems by 123.9% in the 1st quarter. EntryPoint Capital LLC now owns 1,263 shares of the software maker’s stock valued at $128,000 after purchasing an additional 699 shares in the last quarter. Finally, Ulland Investment Advisors LLC acquired a new stake in Commvault Systems in the first quarter valued at approximately $180,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Insider Transactions at Commvault Systems

In related news, Director Charles E. Moran sold 11,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $110.83, for a total value of $1,219,130.00. Following the completion of the transaction, the director now directly owns 10,967 shares of the company’s stock, valued at approximately $1,215,472.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Sanjay Mirchandani sold 15,975 shares of Commvault Systems stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $110.20, for a total transaction of $1,760,445.00. Following the sale, the chief executive officer now owns 539,465 shares in the company, valued at $59,449,043. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles E. Moran sold 11,000 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $110.83, for a total transaction of $1,219,130.00. Following the sale, the director now directly owns 10,967 shares of the company’s stock, valued at $1,215,472.61. The disclosure for this sale can be found here. Insiders have sold 59,816 shares of company stock valued at $6,613,874 in the last quarter. 1.00% of the stock is currently owned by corporate insiders.

Commvault Systems Price Performance

Shares of NASDAQ:CVLT traded up $1.57 during trading on Friday, reaching $150.09. The company had a trading volume of 44,199 shares, compared to its average volume of 352,931. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 39.97 and a beta of 0.61. The stock’s fifty day moving average price is $123.53 and its 200 day moving average price is $107.29. Commvault Systems, Inc. has a fifty-two week low of $63.70 and a fifty-two week high of $155.33.

Commvault Systems (NASDAQ:CVLT) last released its earnings results on Tuesday, July 30th. The software maker reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.12. The company had revenue of $224.67 million for the quarter, compared to analysts’ expectations of $215.54 million. Commvault Systems had a return on equity of 32.16% and a net margin of 20.19%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 EPS. On average, equities analysts anticipate that Commvault Systems, Inc. will post 1.71 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Piper Sandler lifted their target price on shares of Commvault Systems from $107.00 to $123.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. DA Davidson raised their price objective on Commvault Systems from $125.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, June 14th. Lake Street Capital increased their price objective on shares of Commvault Systems from $86.00 to $98.00 and gave the stock a “hold” rating in a research report on Wednesday, May 1st. KeyCorp boosted their target price on Commvault Systems from $140.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Finally, Guggenheim reiterated a “buy” rating and set a $122.00 target price on shares of Commvault Systems in a research note on Tuesday, June 25th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Commvault Systems presently has an average rating of “Moderate Buy” and an average target price of $134.29.

About Commvault Systems

Commvault Systems, Inc provides data protection platform that helps customers to secure, defend, and recover their data in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls.