Martingale Asset Management L P Sells 1,427 Shares of CommVault Systems, Inc. $CVLT

Key Points

• Martingale Asset Management L P reduced its holdings in CommVault Systems by 6.3% in the first quarter, selling 1,427 shares and ending the quarter with 21,400 shares valued at approximately $3.38 million.
• Insider transactions saw CFO Jennifer Leigh Dirico sell 11,151 shares and CEO Sanjay Mirchandani sell 11,320 shares on August 18, both reducing their positions by 15.66% and 2.41%, respectively.
• CommVault Systems experienced a strong first quarter with revenue growth of 26% year-over-year, surpassing analyst expectations with a reported EPS of $1.01 compared to a consensus estimate of $0.97.

Martingale Asset Management L P trimmed its position in CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 6.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,400 shares of the software maker's stock after selling 1,427 shares during the quarter. Martingale Asset Management L P's holdings in CommVault Systems were worth $3,376,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Quarry LP raised its position in CommVault Systems by 888.2% in the fourth quarter. Quarry LP now owns 168 shares of the software maker's stock valued at $25,000 after purchasing an additional 151 shares during the period. SBI Securities Co. Ltd. lifted its position in CommVault Systems by 101.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 159 shares of the software maker's stock worth $25,000 after acquiring an additional 80 shares during the period. Whipplewood Advisors LLC lifted its holdings in shares of CommVault Systems by 584.0% in the 1st quarter. Whipplewood Advisors LLC now owns 171 shares of the software maker's stock valued at $27,000 after buying an additional 146 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in shares of CommVault Systems in the 1st quarter valued at approximately $27,000. Finally, Brooklyn Investment Group raised its holdings in CommVault Systems by 8,550.0% during the first quarter. Brooklyn Investment Group now owns 173 shares of the software maker's stock worth $27,000 after purchasing an additional 171 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

CommVault Systems Stock Up 3.1%

CVLT stock traded up $5.50 during trading on Wednesday, reaching $183.18. The stock had a trading volume of 113,942 shares, compared to its average volume of 488,354. The company has a market capitalization of $8.14 billion, a price-to-earnings ratio of 101.77 and a beta of 0.70. The company's 50 day moving average is $176.45 and its two-hundred day moving average is $171.40. CommVault Systems, Inc. has a one year low of $128.07 and a one year high of $200.68.

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CVLT shares. Wells Fargo & Company boosted their price target on CommVault Systems from $190.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada increased their price target on CommVault Systems from $185.00 to $217.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 30th. Oppenheimer raised their target price on CommVault Systems from $180.00 to $200.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. DA Davidson raised 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, Guggenheim set a $220.00 price target on CommVault Systems in a research note on Tuesday, July 29th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $205.63.

Insider Buying and Selling

In related news, insider Gary Merrill sold 2,628 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $178.03, for a total transaction of $467,862.84. Following the sale, the insider directly owned 87,081 shares in the company, valued at approximately $15,503,030.43. This represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sanjay Mirchandani sold 11,320 shares of CommVault Systems 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 completion of the transaction, the chief executive officer owned 458,361 shares in the company, valued at approximately $81,510,336.63. This trade represents a 2.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,099 shares of company stock worth $4,466,111. 1.00% of the stock is owned by company insiders.

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.