CommVault Systems (NASDAQ:CVLT) Sees Large Volume Increase - Here's What Happened

Key Points

• CommVault Systems (NASDAQ:CVLT) experienced a significant trading volume increase of 72%, with 844,386 shares traded, compared to 491,277 shares in the previous session.
• Research analysts have upgraded their price objectives for CommVault, with ratings varying from "buy" to "overweight," setting the price target as high as $225.00.
• The company's latest earnings report showed a 26% increase in revenue year-over-year, with an EPS of $1.01, surpassing the consensus estimate by 4 cents.

CommVault Systems, Inc. (NASDAQ:CVLT - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 844,386 shares were traded during mid-day trading, an increase of 72% from the previous session's volume of 491,277 shares.The stock last traded at $179.95 and had previously closed at $178.78.

Analyst Ratings Changes

CVLT has been the subject of several research analyst reports. Wells Fargo & Company increased their price objective on CommVault Systems from $190.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Piper Sandler increased their price objective on CommVault Systems from $168.00 to $170.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. DA Davidson increased their price objective on CommVault Systems from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Wall Street Zen downgraded CommVault Systems from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, KeyCorp increased their price objective on CommVault Systems from $195.00 to $225.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $205.63.

CommVault Systems Stock Down 0.3%

The stock has a market capitalization of $7.92 billion, a price-to-earnings ratio of 99.81 and a beta of 0.74. The company's 50-day simple moving average is $177.46 and its 200 day simple moving average is $171.53.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last posted its earnings results on Tuesday, July 29th. The software maker reported $1.01 EPS for the quarter, topping the consensus estimate of $0.97 by $0.04. The firm had revenue of $281.98 million for the quarter, compared to the consensus estimate of $267.83 million. CommVault Systems had a net margin of 7.70% and a return on equity of 30.83%. CommVault Systems's 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. On average, equities analysts expect that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Sanjay Mirchandani sold 11,320 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $177.83, for a total value of $2,013,035.60. Following the sale, the chief executive officer directly owned 458,361 shares of the company's stock, valued at approximately $81,510,336.63. This trade represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jennifer Leigh Dirico sold 11,151 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $178.03, for a total value of $1,985,212.53. Following the completion of the sale, the chief financial officer directly owned 60,052 shares in the company, valued at approximately $10,691,057.56. This represents a 15.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,099 shares of company stock valued at $4,466,111 over the last three months. 1.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CommVault Systems

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Invesco Ltd. grew its position in shares of CommVault Systems by 7.1% in the first quarter. Invesco Ltd. now owns 1,777,307 shares of the software maker's stock valued at $280,388,000 after purchasing an additional 117,199 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of CommVault Systems by 2.9% in the first quarter. Acadian Asset Management LLC now owns 1,505,357 shares of the software maker's stock valued at $237,454,000 after purchasing an additional 43,075 shares during the last quarter. Geode Capital Management LLC grew its position in shares of CommVault Systems by 2.0% in the second quarter. Geode Capital Management LLC now owns 1,337,403 shares of the software maker's stock valued at $233,172,000 after purchasing an additional 26,207 shares during the last quarter. AQR Capital Management LLC grew its position in shares of CommVault Systems by 60.8% in the second quarter. AQR Capital Management LLC now owns 893,385 shares of the software maker's stock valued at $155,744,000 after purchasing an additional 337,830 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of CommVault Systems in the first quarter valued at about $116,223,000. 93.50% of the stock is owned by institutional investors and hedge funds.

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.

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