Sivia Capital Partners LLC Buys Shares of 1,878 CommVault Systems, Inc. $CVLT

Key Points

• Sivia Capital Partners LLC has made a new investment in CommVault Systems, purchasing 1,878 shares valued at approximately $327,000.
• Multiple analysts have raised their price targets for CommVault Systems, with new targets ranging from $220.00 to $225.00, indicating a positive outlook for the company's stock.
• Insider transactions revealed notable stock sales by company executives, with Gary Merrill selling 15,244 shares for around $2.71 million and Sanjay Mirchandani selling 11,320 shares valued at approximately $2.01 million.

Sivia Capital Partners LLC bought a new position in shares of CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund bought 1,878 shares of the software maker's stock, valued at approximately $327,000.

Other institutional investors also recently added to or reduced their stakes in the company. Financiere des Professionnels Fonds d investissement inc. bought a new stake in CommVault Systems in the second quarter worth about $315,000. Harbor Capital Advisors Inc. raised its holdings in shares of CommVault Systems by 256.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 31,546 shares of the software maker's stock worth $5,499,000 after purchasing an additional 22,684 shares during the period. Reyes Financial Architecture Inc. purchased a new position in CommVault Systems in the second quarter valued at approximately $98,000. Voya Investment Management LLC lifted its stake in CommVault Systems by 39.8% in the first quarter. Voya Investment Management LLC now owns 18,162 shares of the software maker's stock valued at $2,865,000 after purchasing an additional 5,166 shares during the last quarter. Finally, Inspire Investing LLC grew its holdings in CommVault Systems by 17.4% during the first quarter. Inspire Investing LLC now owns 21,688 shares of the software maker's stock valued at $3,421,000 after purchasing an additional 3,222 shares during the period. Institutional investors own 93.50% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on CVLT shares. DA Davidson upped their price target on CommVault Systems from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Piper Sandler boosted their price objective on CommVault Systems from $168.00 to $170.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Wall Street Zen lowered shares of CommVault Systems from a "strong-buy" rating to a "buy" rating in a research report on Sunday. KeyCorp lifted their target price on shares of CommVault Systems from $195.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Finally, Wells Fargo & Company boosted their price target on shares of CommVault Systems from $190.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, CommVault Systems presently has an average rating of "Moderate Buy" and a consensus target price of $205.63.

CommVault Systems Stock Performance

NASDAQ CVLT traded down $0.89 during trading hours on Monday, hitting $193.72. The company had a trading volume of 478,621 shares, compared to its average volume of 820,574. The firm has a market capitalization of $8.61 billion, a price-to-earnings ratio of 107.62 and a beta of 0.74. CommVault Systems, Inc. has a 52 week low of $128.07 and a 52 week high of $200.68. The firm has a 50 day simple moving average of $180.96 and a 200 day simple moving average of $172.84.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The software maker reported $1.01 earnings per share for the quarter, beating 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 analysts' expectations of $267.83 million. The firm'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. On average, research analysts forecast that CommVault Systems, Inc. will post 1.65 earnings per share for the current year.

Insider Activity

In other news, CEO Sanjay Mirchandani sold 11,320 shares of the business'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 completion of the transaction, the chief executive officer directly owned 458,361 shares in the company, valued at $81,510,336.63. The trade was a 2.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jennifer Leigh Dirico sold 14,909 shares of the stock in a transaction on 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 completion of the sale, the chief financial officer owned 45,143 shares in the company, valued at $8,225,957.46. This trade represents a 24.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,942 shares of company stock valued at $10,019,157 in the last quarter. 1.00% of the stock is currently owned by company insiders.

About CommVault Systems

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.