Emerald Mutual Fund Advisers Trust Increases Stock Holdings in CommVault Systems, Inc. $CVLT

Emerald Mutual Fund Advisers Trust increased its stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 119.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 92,893 shares of the software maker’s stock after acquiring an additional 50,482 shares during the period. Emerald Mutual Fund Advisers Trust owned approximately 0.21% of CommVault Systems worth $17,536,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. State of Wyoming purchased a new stake in shares of CommVault Systems during the second quarter valued at approximately $35,000. EverSource Wealth Advisors LLC increased its stake in CommVault Systems by 188.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock worth $47,000 after buying an additional 177 shares during the period. True Wealth Design LLC increased its stake in CommVault Systems by 244.6% during the 3rd quarter. True Wealth Design LLC now owns 286 shares of the software maker’s stock worth $54,000 after buying an additional 203 shares during the period. Employees Retirement System of Texas acquired a new position in CommVault Systems in the 2nd quarter worth $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in CommVault Systems in the 3rd quarter valued at about $57,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Truist Financial dropped their target price on CommVault Systems from $230.00 to $210.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. KeyCorp dropped their price objective on CommVault Systems from $185.00 to $152.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. Oppenheimer reduced their target price on CommVault Systems from $200.00 to $180.00 and set an “outperform” rating for the company in a research note on Wednesday. Wells Fargo & Company decreased their price target on shares of CommVault Systems from $220.00 to $190.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Finally, Robert W. Baird began coverage on shares of CommVault Systems in a report on Monday, October 27th. They issued an “outperform” rating and a $215.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $178.33.

CommVault Systems Price Performance

Shares of NASDAQ CVLT opened at $123.53 on Friday. CommVault Systems, Inc. has a twelve month low of $114.46 and a twelve month high of $200.68. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 4.18. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 69.40 and a beta of 0.57. The business has a 50 day simple moving average of $123.73 and a 200-day simple moving average of $155.88.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, October 28th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.04). CommVault Systems had a return on equity of 31.53% and a net margin of 7.32%.The firm had revenue of $276.19 million for the quarter, compared to the consensus estimate of $273.31 million. During the same quarter last year, the business earned $0.83 earnings per share. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. As a group, equities research analysts expect that CommVault Systems, Inc. will post 1.65 earnings per share for the current year.

Insider Activity

In related news, CEO Sanjay Mirchandani sold 14,653 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $123.65, for a total transaction of $1,811,843.45. Following the completion of the sale, the chief executive officer owned 372,369 shares of the company’s stock, valued at $46,043,426.85. This represents a 3.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jennifer Leigh Dirico sold 830 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $123.58, for a total transaction of $102,571.40. Following the sale, the chief financial officer owned 44,313 shares in the company, valued at approximately $5,476,200.54. This trade represents a 1.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 33,111 shares of company stock valued at $4,058,851. Company insiders own 1.00% of the company’s stock.

CommVault Systems Company Profile

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.