Traders Purchase Large Volume of CommVault Systems Call Options (CVLT)

CommVault Systems, Inc. (NASDAQ:CVLT) saw unusually large options trading activity on Tuesday. Stock traders purchased 2,416 call options on the stock. This represents an increase of Infinity compared to the average daily volume of 0 call options.

Shares of CommVault Systems (NASDAQ:CVLT) opened at $54.30 on Friday. CommVault Systems has a twelve month low of $47.61 and a twelve month high of $64.60.

CommVault Systems (NASDAQ:CVLT) last issued its earnings results on Tuesday, October 24th. The software maker reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.05). The business had revenue of $168.14 million for the quarter, compared to analyst estimates of $170.15 million. CommVault Systems had a negative return on equity of 0.17% and a net margin of 0.28%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the company posted $0.25 earnings per share. sell-side analysts anticipate that CommVault Systems will post 0.04 earnings per share for the current year.

CVLT has been the topic of several recent analyst reports. Royal Bank of Canada reaffirmed a “hold” rating and issued a $67.00 price target on shares of CommVault Systems in a report on Monday, September 4th. BidaskClub cut shares of CommVault Systems from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Jefferies Group LLC reaffirmed a “buy” rating on shares of CommVault Systems in a report on Thursday, October 26th. Zacks Investment Research cut shares of CommVault Systems from a “hold” rating to a “strong sell” rating in a report on Friday, October 27th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $74.00 price target on shares of CommVault Systems in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $70.67.

In other news, VP Brian Carolan sold 9,174 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $59.80, for a total value of $548,605.20. Following the completion of the transaction, the vice president now directly owns 74,513 shares in the company, valued at $4,455,877.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gary Merrill sold 3,072 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $59.01, for a total transaction of $181,278.72. Following the completion of the transaction, the insider now owns 23,878 shares of the company’s stock, valued at $1,409,040.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,506 shares of company stock valued at $1,429,637. 13.40% of the stock is owned by insiders.

Several large investors have recently modified their holdings of CVLT. BlackRock Inc. increased its holdings in shares of CommVault Systems by 23,286.9% in the 1st quarter. BlackRock Inc. now owns 4,239,350 shares of the software maker’s stock worth $215,359,000 after acquiring an additional 4,221,223 shares during the period. FMR LLC acquired a new stake in shares of CommVault Systems in the 2nd quarter worth about $28,624,000. Bank of New York Mellon Corp increased its holdings in shares of CommVault Systems by 36.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,779,168 shares of the software maker’s stock worth $108,173,000 after acquiring an additional 479,659 shares during the period. Renaissance Technologies LLC increased its holdings in shares of CommVault Systems by 32.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,555,213 shares of the software maker’s stock worth $87,792,000 after acquiring an additional 377,313 shares during the period. Finally, Eagle Asset Management Inc. acquired a new stake in shares of CommVault Systems in the 2nd quarter worth about $15,546,000. 85.91% of the stock is currently owned by institutional investors.

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CommVault Systems Company Profile

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