Granahan Investment Management LLC Boosts Stake in CommVault Systems, Inc. $CVLT

Key Points

• Granahan Investment Management LLC boosted its stake in CommVault by 287.9% in Q3 to 41,879 shares (about 0.09% of the company), valued at roughly $7.91 million.
• CommVault beat quarterly expectations with $1.17 EPS vs. $0.98 and revenue of $313.8M (+19.5% YoY); the stock has a $3.47B market cap, a PE of 40.7, and a 12‑month range of $77.79–$200.68.
• Insiders sold 10,965 shares (~$991,812) last quarter including the CEO, while analysts collectively rate the stock a “Moderate Buy” with an average price target of $143.58.

Granahan Investment Management LLC increased its holdings in shares of CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 287.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 41,879 shares of the software maker's stock after acquiring an additional 31,084 shares during the period. Granahan Investment Management LLC owned approximately 0.09% of CommVault Systems worth $7,906,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CVLT. Cullen Frost Bankers Inc. boosted its position in CommVault Systems by 43.8% during the third quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker's stock worth $46,000 after purchasing an additional 74 shares in the last quarter. JSF Financial LLC raised its stake in shares of CommVault Systems by 1.1% during the 3rd quarter. JSF Financial LLC now owns 7,345 shares of the software maker's stock worth $1,387,000 after buying an additional 82 shares during the period. Farther Finance Advisors LLC lifted its position in shares of CommVault Systems by 17.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 652 shares of the software maker's stock valued at $123,000 after buying an additional 95 shares in the last quarter. Diversify Wealth Management LLC raised its position in CommVault Systems by 1.6% during the third quarter. Diversify Wealth Management LLC now owns 7,060 shares of the software maker's stock worth $1,333,000 after acquiring an additional 110 shares during the period. Finally, Optiver Holding B.V. grew its position in shares of CommVault Systems by 62.6% in the third quarter. Optiver Holding B.V. now owns 291 shares of the software maker's stock valued at $55,000 after purchasing an additional 112 shares during the period. Hedge funds and other institutional investors own 93.50% of the company's stock.

CommVault Systems Price Performance

Shares of CVLT stock opened at $78.96 on Monday. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.34 and a quick ratio of 2.34. The company has a market capitalization of $3.47 billion, a PE ratio of 40.70 and a beta of 0.59. The firm's 50-day moving average is $98.46 and its two-hundred day moving average is $133.03. CommVault Systems, Inc. has a 12 month low of $77.79 and a 12 month high of $200.68.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last posted its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.17 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.19. The business had revenue of $313.83 million during the quarter, compared to analysts' expectations of $299.07 million. CommVault Systems had a net margin of 7.58% and a return on equity of 37.38%. The business's revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.94 EPS. Analysts predict that CommVault Systems, Inc. will post 1.65 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on CVLT shares. Weiss Ratings restated a "hold (c)" rating on shares of CommVault Systems in a research report on Wednesday, January 21st. Zacks Research upgraded CommVault Systems from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 30th. DA Davidson reduced their target price on CommVault Systems from $185.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, January 28th. KeyCorp decreased their target price on CommVault Systems from $152.00 to $108.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 28th. Finally, Stephens lowered their price target on CommVault Systems from $162.00 to $135.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $143.58.

Insider Buying and Selling

In related news, CEO Sanjay Mirchandani sold 6,480 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $90.28, for a total value of $585,014.40. Following the completion of the transaction, the chief executive officer directly owned 352,919 shares in the company, valued at approximately $31,861,527.32. This represents a 1.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gary Merrill sold 2,593 shares of the firm's stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $90.28, for a total value of $234,096.04. Following the sale, the insider directly owned 64,725 shares of the company's stock, valued at approximately $5,843,373. This trade represents a 3.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 10,965 shares of company stock worth $991,812 over the last quarter. 1.00% of the stock is currently owned by insiders.

CommVault Systems Profile

Commvault Systems, Inc is a global provider of data protection and information management software designed to help organizations manage, protect, and activate data across on-premises and cloud environments. Founded in 1996 and headquartered in Tinton Falls, New Jersey, Commvault offers a suite of integrated products and services that enable enterprises to back up, recover, archive, and analyze data. Its flagship solutions include Commvault Complete Data Protection, Commvault HyperScale, and the SaaS-based Metallic portfolio, which deliver scalable and automated data management capabilities across hybrid infrastructure environments.

Commvault's platform is built on a unified architecture that allows customers to streamline operations, reduce complexity, and ensure data resiliency.

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