CommVault Systems, Inc. $CVLT Shares Sold by Versor Investments LP

Key Points

• Versor Investments LP reduced its stake in CommVault Systems by 53.8%, now holding 1,700 shares valued at $268,000 after selling 1,981 shares in the first quarter.
• In contrast, other institutional investors like SBI Securities Co. Ltd. increased their holdings in CommVault Systems by over 100%, reflecting a strong interest in the company's stock.
• CommVault Systems reported Q2 earnings of $1.01 per share, exceeding estimates, and demonstrated a 26% revenue growth year-over-year, showcasing strong financial performance.

Versor Investments LP reduced its position in shares of CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) by 53.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,700 shares of the software maker's stock after selling 1,981 shares during the quarter. Versor Investments LP's holdings in CommVault Systems were worth $268,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CVLT. Raymond James Financial Inc. bought a new position in shares of CommVault Systems during the 4th quarter valued at approximately $2,815,000. Mariner LLC boosted its position in shares of CommVault Systems by 3.7% during the 4th quarter. Mariner LLC now owns 3,310 shares of the software maker's stock valued at $500,000 after acquiring an additional 118 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of CommVault Systems by 175.1% during the 4th quarter. NewEdge Advisors LLC now owns 4,512 shares of the software maker's stock valued at $681,000 after acquiring an additional 2,872 shares during the last quarter. GeoWealth Management LLC bought a new position in shares of CommVault Systems during the 4th quarter valued at approximately $101,000. Finally, First Trust Advisors LP boosted its position in shares of CommVault Systems by 30.2% during the 4th quarter. First Trust Advisors LP now owns 104,448 shares of the software maker's stock valued at $15,762,000 after acquiring an additional 24,227 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Insider Activity

In other CommVault Systems news, CEO Sanjay Mirchandani sold 11,320 shares of CommVault Systems stock in a transaction dated 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 owned 458,361 shares in the company, valued at $81,510,336.63. The trade was a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jennifer Leigh Dirico sold 11,151 shares of CommVault Systems stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $178.03, for a total value of $1,985,212.53. Following the completion of the transaction, the chief financial officer owned 60,052 shares in the company, valued at $10,691,057.56. This trade represents a 15.66% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,099 shares of company stock worth $4,466,111. Company insiders own 1.00% of the company's stock.

CommVault Systems Trading Up 3.7%

Shares of CommVault Systems stock traded up $6.50 during trading on Wednesday, hitting $184.18. 429,506 shares of the stock traded hands, compared to its average volume of 477,543. The firm has a market cap of $8.19 billion, a P/E ratio of 102.32 and a beta of 0.70. CommVault Systems, Inc. has a 52-week low of $128.07 and a 52-week high of $200.68. The stock's fifty day simple moving average is $176.53 and its 200 day simple moving average is $171.48.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last announced its quarterly 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. The firm had revenue of $281.98 million for the quarter, compared to analyst estimates of $267.83 million. CommVault Systems had a return on equity of 30.83% and a net margin of 7.70%.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, equities analysts expect that CommVault Systems, Inc. will post 1.65 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CVLT. DA Davidson raised their price target on CommVault Systems from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Oppenheimer upped their price target on shares of CommVault Systems from $180.00 to $200.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Wells Fargo & Company raised their price target on shares of CommVault Systems from $190.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Piper Sandler raised their price target on shares of CommVault Systems from $168.00 to $170.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Finally, KeyCorp raised their price target 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. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $205.63.

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.