CommVault Systems, Inc. $CVLT Shares Sold by Olympiad Research LP

Olympiad Research LP decreased its stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 25.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,354 shares of the software maker’s stock after selling 465 shares during the quarter. Olympiad Research LP’s holdings in CommVault Systems were worth $236,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Frank Rimerman Advisors LLC boosted its position in shares of CommVault Systems by 3.8% during the 1st quarter. Frank Rimerman Advisors LLC now owns 1,709 shares of the software maker’s stock worth $270,000 after acquiring an additional 63 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of CommVault Systems by 101.3% in the first quarter. SBI Securities Co. Ltd. now owns 159 shares of the software maker’s stock valued at $25,000 after acquiring an additional 80 shares during the period. GAMMA Investing LLC raised its position in CommVault Systems by 6.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,422 shares of the software maker’s stock valued at $248,000 after purchasing an additional 80 shares during the last quarter. Vident Advisory LLC grew its position in CommVault Systems by 0.3% during the 1st quarter. Vident Advisory LLC now owns 27,107 shares of the software maker’s stock worth $4,276,000 after purchasing an additional 91 shares during the last quarter. Finally, Securian Asset Management Inc. increased its position in CommVault Systems by 3.0% in the 1st quarter. Securian Asset Management Inc. now owns 3,405 shares of the software maker’s stock valued at $537,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

Analysts Set New Price Targets

CVLT has been the topic of a number of recent analyst reports. Truist Financial dropped their price target on shares of CommVault Systems from $230.00 to $210.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of CommVault Systems in a research report on Wednesday, October 8th. Baird R W upgraded shares of CommVault Systems to a “strong-buy” rating in a research report on Monday, October 27th. DA Davidson reiterated a “buy” rating and issued a $220.00 price objective on shares of CommVault Systems in a research note on Thursday. Finally, Wells Fargo & Company lowered their target price on shares of CommVault Systems from $220.00 to $190.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.10.

CommVault Systems Price Performance

CVLT stock opened at $126.62 on Friday. The company has a quick ratio of 1.24, a current ratio of 2.53 and a debt-to-equity ratio of 4.18. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of 71.14 and a beta of 0.68. The stock’s fifty day simple moving average is $168.40 and its 200-day simple moving average is $174.58. CommVault Systems, Inc. has a 52-week low of $121.45 and a 52-week high of $200.68.

CommVault Systems (NASDAQ:CVLT) last released its earnings results on Tuesday, October 28th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.04). The company had revenue of $448.85 million during the quarter, compared to analyst estimates of $273.31 million. CommVault Systems had a return on equity of 31.53% and a net margin of 7.32%.CommVault Systems’s revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 earnings per share. CommVault Systems has set its Q3 2026 guidance at EPS. FY 2026 guidance at EPS. Equities research analysts expect that CommVault Systems, Inc. will post 1.65 EPS for the current year.

Insider Buying and Selling

In other news, CEO Sanjay Mirchandani sold 11,320 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $177.83, for a total value of $2,013,035.60. Following the completion of the transaction, the chief executive officer directly owned 458,361 shares in the company, valued at approximately $81,510,336.63. This represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gary Merrill sold 15,244 shares of CommVault Systems 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 sale, the insider directly owned 71,837 shares in the company, valued at approximately $12,787,704.37. The trade was a 17.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 55,942 shares of company stock worth $10,019,157 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

CommVault Systems 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.