CommVault Systems, Inc. $CVLT Shares Sold by Amundi

Key Points

• Amundi reduced its stake in CommVault Systems, Inc. by 33.5%, selling 16,491 shares and leaving it with 32,739 shares, valued at approximately $5 million.
• CEO Sanjay Mirchandani sold 11,320 shares of the company's stock for over $2 million, decreasing his ownership by 2.41%.
• CommVault Systems reported a 26% increase in revenue year-over-year, with quarterly earnings per share of $1.01, beating analyst estimates.

Amundi reduced its stake in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 33.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,739 shares of the software maker's stock after selling 16,491 shares during the quarter. Amundi owned approximately 0.07% of CommVault Systems worth $5,005,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC purchased a new stake in CommVault Systems in the 1st quarter valued at $243,000. Asset Management One Co. Ltd. purchased a new stake in CommVault Systems in the 1st quarter valued at $1,229,000. Principal Financial Group Inc. grew its holdings in CommVault Systems by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 122,042 shares of the software maker's stock valued at $19,253,000 after buying an additional 1,668 shares in the last quarter. Yorktown Management & Research Co Inc purchased a new stake in CommVault Systems in the 1st quarter valued at $260,000. Finally, Wedge Capital Management L L P NC grew its holdings in CommVault Systems by 1,936.0% in the 1st quarter. Wedge Capital Management L L P NC now owns 360,355 shares of the software maker's stock valued at $56,850,000 after buying an additional 342,656 shares in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

CommVault Systems Trading Down 2.8%

CVLT traded down $4.98 during mid-day trading on Friday, hitting $175.96. 477,693 shares of the stock were exchanged, compared to its average volume of 591,552. The firm's fifty day moving average is $178.45 and its two-hundred day moving average is $171.62. CommVault Systems, Inc. has a 1-year low of $128.07 and a 1-year high of $200.68. The company has a market cap of $7.82 billion, a PE ratio of 97.76 and a beta of 0.74.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last posted its earnings results on Tuesday, July 29th. The software maker reported $1.01 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $281.98 million for the quarter, compared to analyst estimates of $267.83 million. The business's revenue was up 26% on a year-over-year basis. CommVault Systems has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, research analysts anticipate that CommVault Systems, Inc. will post 1.65 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CVLT. Guggenheim set a $220.00 price target on CommVault Systems in a research note on Tuesday, July 29th. Wall Street Zen raised CommVault Systems from a "buy" rating to a "strong-buy" rating in a research note on Saturday. KeyCorp upped their price target on CommVault Systems from $195.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Piper Sandler upped their price target on CommVault Systems from $168.00 to $170.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Finally, Royal Bank Of Canada upped their price target on CommVault Systems from $185.00 to $217.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $205.63.

Insider Transactions at CommVault Systems

In related news, insider Gary Merrill sold 2,628 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $178.03, for a total transaction of $467,862.84. Following the transaction, the insider owned 87,081 shares of the company's stock, valued at approximately $15,503,030.43. This represents a 2.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jennifer Leigh Dirico sold 14,909 shares of the 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 directly owned 45,143 shares in the company, valued at approximately $8,225,957.46. The trade was a 24.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,698 shares of company stock worth $7,305,573 in the last 90 days. Insiders own 1.00% of the company's stock.

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.