CommVault Systems (CVLT) has seen mixed market signals, with significant institutional buying, including AlphaQuest LLC's over 6,000% stake increase, contrasting with substantial insider selling totaling over $4.7 million from its CEO and another executive. The software maker's recent Q4 earnings missed EPS estimates at $0.91 but exceeded revenue forecasts with $276.19 million, marking an 18.4% year-over-year increase. Analyst ratings are varied, featuring some price target reductions alongside upgrades, contributing to an average "Moderate Buy" rating and a $195.10 target price.
AlphaQuest LLC significantly increased its stake in CommVault Systems by 6,225.0% in Q2, acquiring an additional 1,494 shares, bringing its total to 1,518 shares valued at $265,000. This substantial increase, alongside other institutional adjustments, contributes to a high institutional ownership of 93.50% of the company's stock, indicating strong professional interest. Conversely, significant insider selling has occurred, with CEO Sanjay Mirchandani selling 11,320 shares for over $2 million and another insider, Gary Merrill, selling 15,244 shares for approximately $2.7 million. These transactions represent a 2.41% and 17.51% decrease in their respective holdings, contributing to total insider sales of $10 million in the last quarter, while insiders collectively own only 1.00% of the stock. CommVault's recent Q4 earnings reported $0.91 EPS, missing analyst consensus of $0.95, but revenue of $276.19 million surpassed estimates and grew 18.4% year-over-year. The company also reported a net margin of 7.32% and a return on equity of 31.53%. Analyst sentiment is mixed, with KeyCorp and Cantor Fitzgerald reducing price targets, while Baird upgraded to "strong-buy," resulting in an average "Moderate Buy" rating and a $195.10 target price, reflecting divergent expert opinions.
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Overall Sentiment
mixed
Sentiment Score
-0.10
Ticker Sentiment
