CommVault Systems, Inc. $CVLT Shares Sold by Inspire Investing LLC

Inspire Investing LLC decreased its position in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 2.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,090 shares of the software maker’s stock after selling 598 shares during the quarter. Inspire Investing LLC’s holdings in CommVault Systems were worth $3,677,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Frank Rimerman Advisors LLC boosted its holdings in shares of CommVault Systems by 3.8% during the first quarter. Frank Rimerman Advisors LLC now owns 1,709 shares of the software maker’s stock valued at $270,000 after acquiring an additional 63 shares during the period. NorthCrest Asset Manangement LLC lifted its holdings in CommVault Systems by 1.3% in the first quarter. NorthCrest Asset Manangement LLC now owns 5,753 shares of the software maker’s stock worth $908,000 after purchasing an additional 72 shares during the period. SBI Securities Co. Ltd. lifted its holdings in CommVault Systems by 101.3% in the first quarter. SBI Securities Co. Ltd. now owns 159 shares of the software maker’s stock worth $25,000 after purchasing an additional 80 shares during the period. GAMMA Investing LLC lifted its holdings in CommVault Systems by 6.0% in the second quarter. GAMMA Investing LLC now owns 1,422 shares of the software maker’s stock worth $248,000 after purchasing an additional 80 shares during the period. Finally, Johnson Investment Counsel Inc. lifted its holdings in CommVault Systems by 6.7% in the first quarter. Johnson Investment Counsel Inc. now owns 1,451 shares of the software maker’s stock worth $229,000 after purchasing an additional 91 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CVLT shares. DA Davidson upped their price target on shares of CommVault Systems from $200.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Royal Bank Of Canada upped their price target on shares of CommVault Systems from $185.00 to $217.00 and gave the company a “sector perform” rating in a report on Wednesday, July 30th. Weiss Ratings reissued a “hold (c)” rating on shares of CommVault Systems in a report on Wednesday. KeyCorp upped their price target on shares of CommVault Systems from $195.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Finally, Guggenheim set a $220.00 price objective on CommVault Systems in a report on Tuesday, July 29th. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, CommVault Systems presently has an average rating of “Moderate Buy” and an average target price of $208.33.

Insiders Place Their Bets

In related news, CFO Jennifer Leigh Dirico sold 14,909 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $182.22, for a total value of $2,716,717.98. Following the transaction, the chief financial officer owned 45,143 shares in the company, valued at $8,225,957.46. This trade represents a 24.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gary Merrill sold 15,244 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $178.01, for a total value of $2,713,584.44. Following the transaction, the insider owned 71,837 shares in the company, valued at approximately $12,787,704.37. This trade represents a 17.51% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,942 shares of company stock valued at $10,019,157. 1.00% of the stock is owned by corporate insiders.

CommVault Systems Stock Down 3.6%

Shares of CommVault Systems stock opened at $170.20 on Friday. The stock has a market capitalization of $7.57 billion, a P/E ratio of 94.56 and a beta of 0.72. The stock has a 50 day moving average price of $183.42 and a two-hundred day moving average price of $174.87. CommVault Systems, Inc. has a 12-month low of $128.07 and a 12-month high of $200.68.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings data on Tuesday, July 29th. The software maker reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.04. CommVault Systems had a return on equity of 30.83% and a net margin of 7.70%.The company had revenue of $281.98 million during the quarter, compared to analysts’ expectations of $267.83 million. CommVault Systems’s quarterly revenue was up 26% compared to the same quarter last year. CommVault Systems has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Sell-side analysts anticipate that CommVault Systems, Inc. will post 1.65 earnings per share for the current year.

CommVault Systems Company Profile

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.