EAM Global Investors LLC Has $4.91 Million Position in Commvault Systems, Inc. (NASDAQ:CVLT)

EAM Global Investors LLC lessened its holdings in shares of Commvault Systems, Inc. (NASDAQ:CVLT) by 25.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 32,536 shares of the software maker’s stock after selling 11,307 shares during the quarter. EAM Global Investors LLC’s holdings in Commvault Systems were worth $4,910,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Stifel Financial Corp increased its position in Commvault Systems by 27.2% in the 3rd quarter. Stifel Financial Corp now owns 6,753 shares of the software maker’s stock worth $1,039,000 after buying an additional 1,445 shares during the period. Virtu Financial LLC acquired a new stake in shares of Commvault Systems in the third quarter worth $774,000. Sanctuary Advisors LLC bought a new position in Commvault Systems during the third quarter worth $392,000. Tidal Investments LLC acquired a new position in Commvault Systems during the 3rd quarter valued at $279,000. Finally, GAMMA Investing LLC boosted its holdings in Commvault Systems by 13.7% in the 4th quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker’s stock valued at $152,000 after purchasing an additional 121 shares during the period. Institutional investors own 93.50% of the company’s stock.

Commvault Systems Stock Performance

Shares of CVLT opened at $154.51 on Wednesday. The company has a market cap of $6.80 billion, a price-to-earnings ratio of 40.55 and a beta of 0.68. The stock has a fifty day moving average price of $163.83 and a two-hundred day moving average price of $161.68. Commvault Systems, Inc. has a 52-week low of $93.48 and a 52-week high of $190.11.

Wall Street Analyst Weigh In

CVLT has been the topic of several research reports. KeyCorp boosted their price objective on shares of Commvault Systems from $192.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. William Blair raised Commvault Systems from a “market perform” rating to an “outperform” rating in a report on Thursday, January 30th. Piper Sandler decreased their price objective on Commvault Systems from $154.00 to $147.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Guggenheim restated a “neutral” rating on shares of Commvault Systems in a research note on Wednesday, January 29th. Finally, Cantor Fitzgerald lifted their price target on shares of Commvault Systems from $159.00 to $173.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Commvault Systems has an average rating of “Moderate Buy” and an average target price of $159.11.

Insider Buying and Selling

In other Commvault Systems news, insider Gary Merrill sold 3,287 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $186.94, for a total value of $614,471.78. Following the transaction, the insider now directly owns 87,316 shares in the company, valued at approximately $16,322,853.04. This trade represents a 3.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sanjay Mirchandani sold 12,318 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $185.96, for a total value of $2,290,655.28. Following the sale, the chief executive officer now owns 427,231 shares of the company’s stock, valued at approximately $79,447,876.76. The trade was a 2.80 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Commvault Systems Company Profile

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.