Goldman Sachs Group Inc. Has $99.72 Million Stake in CommVault Systems, Inc. $CVLT

Key Points

• Goldman Sachs Group Inc. increased its stake in CommVault Systems by 6.1%, owning approximately 1.43% of the company, valued at $99.72 million.
• CommVault reported a 26% year-over-year revenue increase, generating $281.98 million in the latest quarter and exceeding analysts' expectations.
• The current average analyst price target for CommVault shares has risen to $205.63, signaling a consensus "Moderate Buy" rating.

Goldman Sachs Group Inc. raised its position in shares of CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 6.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 632,084 shares of the software maker's stock after buying an additional 36,601 shares during the period. Goldman Sachs Group Inc. owned about 1.43% of CommVault Systems worth $99,718,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of CommVault Systems by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,988 shares of the software maker's stock worth $4,100,000 after buying an additional 1,148 shares in the last quarter. Granahan Investment Management LLC bought a new stake in shares of CommVault Systems during the first quarter valued at approximately $1,135,000. Hancock Whitney Corp grew its stake in shares of CommVault Systems by 1.9% during the first quarter. Hancock Whitney Corp now owns 5,890 shares of the software maker's stock valued at $929,000 after purchasing an additional 109 shares during the last quarter. Eventide Asset Management LLC bought a new stake in shares of CommVault Systems during the first quarter valued at approximately $496,000. Finally, AQR Capital Management LLC grew its stake in shares of CommVault Systems by 11.1% during the first quarter. AQR Capital Management LLC now owns 555,555 shares of the software maker's stock valued at $86,850,000 after purchasing an additional 55,450 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

CommVault Systems Stock Performance

Shares of CVLT stock opened at $175.96 on Friday. CommVault Systems, Inc. has a 52-week low of $128.07 and a 52-week high of $200.68. The stock has a market cap of $7.82 billion, a PE ratio of 97.76 and a beta of 0.74. The firm's 50 day moving average price is $178.45 and its two-hundred day moving average price is $171.62.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The software maker reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.04. The firm had revenue of $281.98 million for the quarter, compared to analysts' expectations of $267.83 million. CommVault Systems had a net margin of 7.70% and a return on equity of 30.83%. The firm'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, sell-side analysts predict that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.

Insider Activity at CommVault Systems

In related news, CEO Sanjay Mirchandani sold 11,320 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $177.83, for a total transaction of $2,013,035.60. Following the sale, the chief executive officer directly owned 458,361 shares in the company, valued at $81,510,336.63. This trade represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Jennifer Leigh Dirico sold 14,909 shares of the firm's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $182.22, for a total transaction of $2,716,717.98. Following the sale, the chief financial officer owned 45,143 shares in the company, valued at approximately $8,225,957.46. The trade was a 24.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,698 shares of company stock valued at $7,305,573. Insiders own 1.00% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on CVLT. Wells Fargo & Company increased their price target on shares of CommVault Systems from $190.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada increased their price target on shares of CommVault Systems from $185.00 to $217.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. KeyCorp increased their price target on shares of 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 increased their price target on shares of CommVault Systems from $168.00 to $170.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Finally, Guggenheim set a $220.00 price target on shares of CommVault Systems in a research note on Tuesday, July 29th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, CommVault Systems presently has a consensus rating of "Moderate Buy" and a consensus target price of $205.63.

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.

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