State of Wyoming Buys Shares of 7,101 CommVault Systems, Inc. $CVLT

Key Points

• State of Wyoming initiated a position in CommVault Systems during the second quarter, buying 7,101 shares valued at approximately $1.006 million. Institutional investors collectively own 93.5% of the company.
• CommVault reported quarterly EPS of $1.42, beating estimates of $1.16, while revenue rose 11.4% year over year to $314.13 million. Analysts maintain a consensus “Moderate Buy” rating with a $152.47 average price target.
• Shares opened at $147.09, compared with a 52-week range of $71.75 to $198.18. Company insiders sold 56,350 shares worth about $5.93 million over the past 90 days, including sales conducted under pre-arranged trading plans.

State of Wyoming purchased a new stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 7,101 shares of the software maker's stock, valued at approximately $1,006,000.

A number of other large investors have also recently made changes to their positions in CVLT. Banque Cantonale Vaudoise purchased a new stake in CommVault Systems in the third quarter worth approximately $39,000. Advisory Services Network LLC bought a new position in shares of CommVault Systems during the 3rd quarter valued at $47,000. EverSource Wealth Advisors LLC lifted its holdings in shares of CommVault Systems by 188.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker's stock valued at $47,000 after buying an additional 177 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in shares of CommVault Systems in the 3rd quarter worth $58,000. Finally, Assetmark Inc. boosted its stake in shares of CommVault Systems by 33.6% in the 4th quarter. Assetmark Inc. now owns 326 shares of the software maker's stock worth $41,000 after buying an additional 82 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Insider Activity at CommVault Systems

In related news, CFO Gary Merrill sold 4,554 shares of CommVault Systems stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $106.70, for a total transaction of $485,911.80. Following the transaction, the chief financial officer owned 72,775 shares in the company, valued at approximately $7,765,092.50. The trade was a 5.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director A Shane Sanders sold 476 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $134.19, for a total value of $63,874.44. Following the completion of the sale, the director owned 8,696 shares of the company's stock, valued at $1,166,916.24. The trade was a 5.19% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 56,350 shares of company stock worth $5,930,275 in the last 90 days. Insiders own 0.86% of the company's stock.

CommVault Systems Price Performance

Shares of CommVault Systems stock opened at $147.09 on Friday. The stock has a market cap of $6.10 billion, a P/E ratio of 93.69 and a beta of 0.81. The company has a debt-to-equity ratio of 16.94, a quick ratio of 2.04 and a current ratio of 2.04. The stock's fifty day moving average is $137.29 and its 200 day moving average is $108.03. CommVault Systems, Inc. has a one year low of $71.75 and a one year high of $198.18.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The software maker reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.26. CommVault Systems had a return on equity of 88.75% and a net margin of 5.62%.The business had revenue of $314.13 million during the quarter, compared to analyst estimates of $310.43 million. During the same quarter in the previous year, the company posted $1.01 earnings per share. CommVault Systems's revenue for the quarter was up 11.4% on a year-over-year basis. Sell-side analysts anticipate that CommVault Systems, Inc. will post 2.84 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on CVLT. Stephens upped their price objective on CommVault Systems from $135.00 to $155.00 and gave the company an "overweight" rating in a research report on Tuesday, June 16th. Mizuho raised their target price on CommVault Systems from $140.00 to $175.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 15th. Jefferies Financial Group restated a "hold" rating and set a $130.00 price target on shares of CommVault Systems in a research note on Wednesday, July 29th. Wolfe Research began coverage on shares of CommVault Systems in a research report on Friday, May 1st. They set a "peer perform" rating for the company. Finally, Scotiabank reiterated a "sector perform" rating and issued a $130.00 price objective on shares of CommVault Systems in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $152.47.

About CommVault Systems

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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