Lisanti Capital Growth LLC Takes Position in CommVault Systems, Inc. $CVLT

Lisanti Capital Growth LLC acquired a new stake in shares of CommVault Systems, Inc. (NASDAQ:CVLT) in the 2nd quarter, Holdings Channel reports. The firm acquired 49,640 shares of the software maker’s stock, valued at approximately $7,035,000. CommVault Systems accounts for about 1.5% of Lisanti Capital Growth LLC’s holdings, making the stock its 13th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in CommVault Systems during the second quarter worth $27,000. State of Wyoming bought a new position in CommVault Systems in the 2nd quarter worth about $35,000. Essential Partners LLC increased its position in shares of CommVault Systems by 9,920.0% during the first quarter. Essential Partners LLC now owns 501 shares of the software maker’s stock worth $39,000 after acquiring an additional 496 shares during the period. Banque Cantonale Vaudoise purchased a new position in shares of CommVault Systems during the third quarter worth approximately $39,000. Finally, Assetmark Inc. raised its stake in shares of CommVault Systems by 33.6% during the fourth quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock valued at $41,000 after acquiring an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. DA Davidson set a $175.00 price target on CommVault Systems in a report on Wednesday, July 29th. Piper Sandler lowered CommVault Systems from an “overweight” rating to a “neutral” rating and set a $133.00 target price for the company. in a research report on Tuesday, July 28th. Royal Bank Of Canada upped their target price on CommVault Systems from $100.00 to $110.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 29th. KeyCorp increased their price target on CommVault Systems from $125.00 to $175.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Finally, Wolfe Research assumed coverage on CommVault Systems in a research note on Friday, May 1st. They set a “peer perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $152.47.

Insider Buying and Selling at CommVault Systems

In other news, CAO Danielle Nicole Abrahamsen sold 486 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $142.80, for a total value of $69,400.80. Following the sale, the chief accounting officer owned 12,160 shares in the company, valued at $1,736,448. This represents a 3.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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, CFO Gary Merrill sold 1,293 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $142.80, for a total transaction of $184,640.40. Following the sale, the chief financial officer directly owned 69,628 shares in the company, valued at $9,942,878.40. The trade was a 1.82% decrease in their position. The SEC filing for this sale provides additional information. 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. In the last 90 days, insiders sold 38,311 shares of company stock worth $5,172,467. Corporate insiders own 0.86% of the company’s stock.

CommVault Systems Stock Performance

Shares of CommVault Systems stock opened at $137.32 on Thursday. The company has a 50 day moving average price of $138.40 and a 200 day moving average price of $108.99. The firm has a market capitalization of $5.69 billion, a P/E ratio of 87.46 and a beta of 0.81. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 16.94. CommVault Systems, Inc. has a 52 week low of $71.75 and a 52 week high of $198.18.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, July 28th. The software maker reported $1.42 earnings per share 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 for the quarter, compared to the consensus estimate of $310.43 million. During the same quarter in the previous year, the business earned $1.01 EPS. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. Sell-side analysts expect that CommVault Systems, Inc. will post 2.84 EPS for the current year.

More CommVault Systems News

Here are the key news stories impacting CommVault Systems this week:

• Positive Sentiment: Commvault expanded its Cloud Rewind offering with broader Microsoft Azure resource coverage, aiming to help customers protect and recover cloud-native and AI-driven applications after cyberattacks or outages. The announcement supports the company’s positioning in the growing data resilience, cloud protection and AI infrastructure markets. Commvault Advances AI and Cloud Application Resilience with Expanded Cloud Rewind Coverage
• Positive Sentiment: Analysts assign Commvault a consensus rating of “Moderate Buy,” indicating that overall Wall Street sentiment remains favorable despite recent selling pressure. CommVault Systems Given Consensus Rating of Moderate Buy
• Neutral Sentiment: CEO Sanjay Mirchandani, CFO Gary Merrill and Chief Accounting Officer Danielle Abrahamsen reported sales of company stock during August 17–19. The transactions were executed under pre-arranged Rule 10b5-1 plans and were specifically described as sales to cover tax-withholding obligations from vested equity awards, reducing their significance as a discretionary bearish signal. Executives continue to own substantial positions.
• Negative Sentiment: Bernstein Liebhard announced an investigation into potential breaches of fiduciary duty by certain Commvault directors and officers. The investigation is at an early stage and does not establish wrongdoing, but it introduces legal and governance uncertainty that could weigh on investor sentiment. CommVault Shareholder Investigation Alert

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.