7,194 Shares in CommVault Systems, Inc. $CVLT Bought by Granahan Investment Management LLC

Key Points

• Granahan Investment Management LLC has acquired 7,194 shares of CommVault Systems, Inc. valued at approximately $1,135,000 during the first quarter.
• Several institutional investors, including Nuveen LLC with a $116 million position, have also increased their stakes in CommVault, highlighting strong institutional interest.
• Analysts have shown optimism for CommVault's stock, with upgrades from firms such as KeyCorp and Wells Fargo, raising target prices significantly.

Granahan Investment Management LLC bought a new position in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,194 shares of the software maker's stock, valued at approximately $1,135,000.

Other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. increased its stake in CommVault Systems by 101.3% during the first quarter. SBI Securities Co. Ltd. now owns 159 shares of the software maker's stock valued at $25,000 after purchasing an additional 80 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in CommVault Systems in the first quarter worth approximately $27,000. Whipplewood Advisors LLC increased its holdings in CommVault Systems by 584.0% in the first quarter. Whipplewood Advisors LLC now owns 171 shares of the software maker's stock worth $27,000 after buying an additional 146 shares during the last quarter. Brooklyn Investment Group increased its holdings in CommVault Systems by 8,550.0% in the first quarter. Brooklyn Investment Group now owns 173 shares of the software maker's stock worth $27,000 after buying an additional 171 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in CommVault Systems by 208.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 185 shares of the software maker's stock worth $29,000 after purchasing an additional 125 shares during the period. Hedge funds and other institutional investors own 93.50% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CVLT. Royal Bank Of Canada increased their price objective on CommVault Systems from $185.00 to $217.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 30th. Piper Sandler raised their target price on CommVault Systems from $168.00 to $170.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Guggenheim set a $220.00 price objective on CommVault Systems in a research report on Tuesday, July 29th. DA Davidson boosted their target price on CommVault Systems from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company boosted their price objective on CommVault Systems from $190.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $205.63.

Insider Transactions at CommVault Systems

In related news, CEO Sanjay Mirchandani sold 11,320 shares of the stock in a transaction on 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 transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gary Merrill sold 2,628 shares of CommVault Systems stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $178.03, for a total value of $467,862.84. Following the completion of the sale, the insider directly owned 87,081 shares of the company's stock, valued at approximately $15,503,030.43. This trade represents a 2.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,789 shares of company stock valued at $4,588,855 in the last 90 days. 1.00% of the stock is currently owned by company insiders.

CommVault Systems Stock Performance

Shares of NASDAQ CVLT traded up $2.85 during mid-day trading on Thursday, reaching $179.30. The company had a trading volume of 449,275 shares, compared to its average volume of 508,471. CommVault Systems, Inc. has a one year low of $128.07 and a one year high of $200.68. The business's 50-day simple moving average is $178.28 and its 200 day simple moving average is $171.49. The firm has a market cap of $7.97 billion, a price-to-earnings ratio of 99.57 and a beta of 0.74.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The software maker reported $1.01 earnings per share 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 company had revenue of $281.98 million for the quarter, compared to analysts' expectations of $267.83 million. CommVault Systems's revenue for the quarter was up 26% on a year-over-year basis. CommVault Systems has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, sell-side analysts anticipate that CommVault Systems, Inc. will post 1.65 EPS for the current year.

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.