Gibbs Wealth Management Purchases 4,877 Shares of CommVault Systems, Inc. $CVLT

Gibbs Wealth Management increased its position in shares of CommVault Systems, Inc. (NASDAQ:CVLT) by 90.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,242 shares of the software maker’s stock after acquiring an additional 4,877 shares during the quarter. Gibbs Wealth Management’s holdings in CommVault Systems were worth $798,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. State of Wyoming acquired a new stake in CommVault Systems in the second quarter worth about $35,000. Banque Cantonale Vaudoise acquired a new position in CommVault Systems during the 3rd quarter valued at about $39,000. Advisory Services Network LLC bought a new position in shares of CommVault Systems in the 3rd quarter valued at about $47,000. EverSource Wealth Advisors LLC boosted its stake in shares of CommVault Systems by 188.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock valued at $47,000 after purchasing an additional 177 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in shares of CommVault Systems during the 4th quarter worth approximately $36,000. Institutional investors own 93.50% of the company’s stock.

CommVault Systems Price Performance

CommVault Systems stock opened at $142.31 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 117.54. The firm has a market capitalization of $5.89 billion, a P/E ratio of 89.50 and a beta of 0.79. The business has a 50-day moving average of $130.92 and a 200-day moving average of $107.03. CommVault Systems, Inc. has a 1 year low of $71.75 and a 1 year high of $200.68.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Tuesday, April 28th. The software maker reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.19. CommVault Systems had a net margin of 5.97% and a return on equity of 51.64%. The business had revenue of $311.69 million for the quarter, compared to the consensus estimate of $306.71 million. During the same period last year, the company posted $1.03 EPS. CommVault Systems’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, equities analysts anticipate that CommVault Systems, Inc. will post 2.88 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CVLT. Weiss Ratings raised shares of CommVault Systems from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 16th. Jefferies Financial Group began coverage on shares of CommVault Systems in a research note on Monday, April 27th. They issued a “hold” rating and a $105.00 price objective on the stock. Royal Bank Of Canada lifted their target price on shares of CommVault Systems from $100.00 to $110.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 29th. Robert W. Baird dropped their target price on shares of CommVault Systems from $185.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. Finally, KeyCorp increased their price target on CommVault Systems from $125.00 to $175.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, CommVault Systems presently has an average rating of “Moderate Buy” and an average target price of $145.47.

Insider Buying and Selling at CommVault Systems

In other CommVault Systems news, CAO Danielle Nicole Abrahamsen sold 254 shares of the stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $150.00, for a total value of $38,100.00. Following the sale, the chief accounting officer directly owned 13,156 shares in the company, valued at approximately $1,973,400. This trade represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gary Merrill sold 4,554 shares of CommVault Systems stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $106.70, for a total transaction of $485,911.80. Following the transaction, the chief financial officer directly owned 72,775 shares in the company, valued at approximately $7,765,092.50. This represents a 5.89% decrease in their ownership of the stock. 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. Over the last 90 days, insiders sold 55,279 shares of company stock valued at $5,786,557. Corporate insiders own 0.86% 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.