Inspire Investing LLC Has $1.26 Million Holdings in CommVault Systems, Inc. $CVLT

Inspire Investing LLC increased its stake in CommVault Systems, Inc. (NASDAQ:CVLT) by 47.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,176 shares of the software maker’s stock after purchasing an additional 5,210 shares during the period. Inspire Investing LLC’s holdings in CommVault Systems were worth $1,260,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. State of Wyoming acquired a new position in shares of CommVault Systems during the second quarter worth about $35,000. FNY Investment Advisers LLC acquired a new stake in CommVault Systems in the 4th quarter valued at approximately $36,000. Banque Cantonale Vaudoise bought a new stake in CommVault Systems in the 3rd quarter valued at approximately $39,000. Assetmark Inc. lifted its stake in CommVault Systems by 33.6% in the 4th quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock valued at $41,000 after acquiring an additional 82 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in CommVault Systems by 188.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock worth $47,000 after acquiring an additional 177 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Insider Buying and Selling at CommVault Systems

In related news, CFO Gary Merrill sold 4,560 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $105.10, for a total value of $479,256.00. Following the transaction, the chief financial officer owned 72,507 shares in the company, valued at approximately $7,620,485.70. This trade represents a 5.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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, CAO Danielle Nicole Abrahamsen sold 1,065 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $105.84, for a total transaction of $112,719.60. Following the completion of the transaction, the chief accounting officer directly owned 13,581 shares in the company, valued at approximately $1,437,413.04. This represents a 7.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders sold 55,025 shares of company stock valued at $5,748,457 in the last three months. Corporate insiders own 0.86% of the company’s stock.

CommVault Systems News Roundup

Here are the key news stories impacting CommVault Systems this week:

• Positive Sentiment: CommVault received another strong third-party endorsement, being named a Leader in Gartner’s Magic Quadrant for Backup and Data Protection Platforms for the 15th straight year, which supports the company’s competitive positioning and could help reassure investors about demand. Article Title
• Neutral Sentiment: Analyst sentiment remains constructive, with CommVault reportedly carrying a consensus “Moderate Buy” rating, suggesting Wall Street still sees upside despite the current legal issues.

CommVault Systems Trading Up 3.7%

CVLT stock opened at $147.02 on Thursday. CommVault Systems, Inc. has a one year low of $71.75 and a one year high of $200.68. The stock has a market cap of $6.09 billion, a price-to-earnings ratio of 92.47 and a beta of 0.79. The company has a fifty day moving average price of $114.40 and a two-hundred day moving average price of $104.21. The company has a debt-to-equity ratio of 117.54, a current ratio of 1.95 and a quick ratio of 1.95.

CommVault Systems (NASDAQ:CVLT) last posted its earnings results on Tuesday, April 28th. The software maker reported $1.28 EPS for the quarter, beating the consensus estimate of $1.09 by $0.19. The company had revenue of $311.69 million for the quarter, compared to the consensus estimate of $306.71 million. CommVault Systems had a return on equity of 51.64% and a net margin of 5.97%.The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.03 earnings per share. Equities analysts anticipate that CommVault Systems, Inc. will post 2.86 EPS for the current year.

Wall Street Analysts Forecast Growth

CVLT has been the subject of a number of analyst reports. Royal Bank Of Canada raised their target price on shares of CommVault Systems from $100.00 to $110.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 29th. Robert W. Baird cut their price target on shares of CommVault Systems from $185.00 to $160.00 and set an “outperform” rating on the stock in a research report on Monday, April 13th. KeyCorp increased their price objective on shares of CommVault Systems from $108.00 to $125.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Scotiabank raised their price objective on CommVault Systems from $105.00 to $110.00 and gave the company a “sector perform” rating in a report on Wednesday, April 29th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $125.00 target price on shares of CommVault Systems in a research report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.33.

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.