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Commvault Systems (CVLT)

Company Profile
Commvault is the recognized leader in data backup and recovery. Commvault's converged data management solution redefines what backup means for the progressive enterprise through solutions that protect, manage and use their most critical asset - their data. Commvault software, solutions and services are available from the company and through a global ecosystem of trusted partners. Commvault employs more than 2,600 highly-skilled individuals across markets orldwide and is headquartered in Tinton Falls, New Jersey in the United States.
Commvault Systems logo

Company profile

Ticker
CVLT
Exchange
NASDAQ
Website
www.commvault.com
CEO
Sanjay Mirchandani
Employees
Incorporated
Delaware
Location
New Jersey
Fiscal year end
Mar 31
Sector
Information > Data Processing, Hosting, and Related Services
Industry (SIC)
Services - Prepackaged Software
Microsoft • Oracle • Mobileye Global • Gen Digital • BlackBerry • Activision Blizzard • Vmware • Adobe • Ceridian HCM Holding • McAfee ...
SEC CIK
0001169561
Corporate docs
Articles of Incorporation & Bylaws
Underwriting Agreements
Plans of Reorganization
Indentures
Material Contracts & Credit Agreements
Subsidiaries Lists
Subsidiaries
Commvault Capital Inc. • Advanced Data Life Cycle Management Inc. • Commvault Tinton Falls Urban Renewal LLC • Hedvig, Inc. • Commvault Systems (Puerto Rico) LLC • Commvault Systems (Canada) Inc. • Commvault Systems Mexico • Commvault Systems International B.V. • Commvault Systems (India) Private Limited • Commvault Systems (Australia) Pty. Ltd. ...

CVLT stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$73.00
Low target
$60.00
High target
$86.00
Guggenheim
Initiated
Buy
$86.00
27 Jan 23
Piper Sandler
Maintains
Neutral
$60.00
11 Jan 23
Latest filings (excl ownership)
View all
10-Q
2023 Q3
Quarterly report
31 Jan 23
8-K
Commvault Announces Fiscal 2023 Third Quarter Financial Results
31 Jan 23
8-K
Commvault Announces Preliminary Fiscal Third Quarter Financial Results
10 Jan 23
8-K
Commvault Welcomes Shane Sanders to its Board of Directors
5 Dec 22
S-8
Registration of securities for employees
1 Nov 22
10-Q
2023 Q2
Quarterly report
1 Nov 22
8-K
Commvault Announces Fiscal 2023 Second Quarter Financial Results
1 Nov 22
8-K
Departure of Directors or Certain Officers
24 Aug 22
10-Q
2023 Q1
Quarterly report
27 Jul 22
8-K
Commvault Announces Fiscal 2023 First Quarter Financial Results
26 Jul 22
Transcripts
View all
CVLT
Earnings call transcript
2023 Q3
31 Jan 23
CVLT
Earnings call transcript
2023 Q2
1 Nov 22
CVLT
Earnings call transcript
2023 Q1
26 Jul 22
CVLT
Earnings call transcript
2022 Q4
3 May 22
CVLT
Earnings call transcript
2022 Q3
25 Jan 22
CVLT
Earnings call transcript
2022 Q2
26 Oct 21
CVLT
Earnings call transcript
2022 Q1
27 Jul 21
CVLT
Earnings call transcript
2021 Q4
4 May 21
CVLT
Earnings call transcript
2021 Q3
28 Jan 21
CVLT
Earnings call transcript
2021 Q2
27 Oct 20
Latest ownership filings
View all
SC 13G
BlackRock Inc.
31 Jan 23
SC 13G/A
MACKENZIE FINANCIAL CORP
27 Jan 23
4
A Shane Sanders
6 Dec 22
3
A Shane Sanders
6 Dec 22
SC 13D/A
Starboard Value LP
2 Dec 22
4
James J. Whalen
30 Nov 22
4
DAVID F WALKER
30 Nov 22
4
Gary Merrill
23 Nov 22
4
Sanjay Mirchandani
23 Nov 22
4
Blasio Riccardo Di
23 Nov 22

Financial summary

Financial statements Chart CVLT financial data
Quarter (USD) Dec 22 Sep 22 Jun 22 Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Mar 22 Mar 21 Mar 20 Mar 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Financial data from company earnings reports.

Institutional ownership, Q3 2022

CVLT institutional ownership history Ownership history
93.8% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 234 251 -6.8%
Opened positions 22 35 -37.1%
Closed positions 39 30 +30.0%
Increased positions 88 84 +4.8%
Reduced positions 96 97 -1.0%
13F shares Current Prev Q Change
Total value 2.24 bn 2.75 bn -18.7%
Total shares 41.79 mm 43.74 mm -4.5%
Total puts 17.10 k 46.20 k -63.0%
Total calls 48.70 k 158.50 k -69.3%
Total put/call ratio 0.4 0.3 +20.5%
Largest owners Shares Value Change
BLK Blackrock 5.40 mm $286.28 mm +1.8%
Vanguard 4.83 mm $256.40 mm +1.3%
Starboard Value 3.66 mm $193.86 mm -3.9%
Alliancebernstein 2.80 mm $148.58 mm -2.8%
MKFCF Mackenzie Financial 2.30 mm $121.87 mm -0.4%
Elliott Associates 2.01 mm $125.68 mm 0.0%
Renaissance Technologies 1.75 mm $92.99 mm -12.0%
Acadian Asset Management 1.25 mm $66.03 mm +6.2%
Geode Capital Management 817.16 k $43.34 mm +1.8%
Lord, Abbett & Co. 691.19 k $36.66 mm +8.7%
Largest transactions Shares Bought/sold Change
STT State Street 0.00 -1.52 mm EXIT
Neuberger Berman 548.20 k +548.20 k NEW
T. Rowe Price 52.57 k -360.42 k -87.3%
GS Goldman Sachs 508.47 k -243.75 k -32.4%
MNGPF Man 243.04 k +243.04 k NEW
Renaissance Technologies 1.75 mm -238.74 k -12.0%
Millennium Management 14.92 k -229.50 k -93.9%
FHI Federated Hermes 249.05 k -192.66 k -43.6%
Manufacturers Life Insurance Company, The 591.14 k +179.75 k +43.7%
Nuveen Asset Management 396.47 k -165.67 k -29.5%
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

CVLT insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
5 Dec 22 A Shane Sanders Common Stock Grant Acquire A No No 0 2,167 0.00 2,167
29 Nov 22 Walker David F Common Stock Gift Dispose G No No 0 3,000 0.00 54,767
28 Nov 22 Whalen James J. Common Stock Sell Dispose S No No 66.04 526 34.74 k 17,524
23 Nov 22 Merrill Gary Common Stock Payment of exercise Dispose F No No 65.55 392 25.70 k 58,689
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro
CommVault Systems Q3 Adj EPS $0.62 Misses $0.65 Estimate, Sales $195.10M Miss $197.41M Estimate
31 Jan 23
CommVault Systems (NASDAQ:CVLT) reported adjusted quarterly earnings of $0.62 per share which missed the analyst consensus estimate of $0.65 by 4.62 percent. This is a 7.46 percent decrease over earnings of $0.67 per
Earnings Scheduled For January 31, 2023
31 Jan 23
Companies Reporting Before The Bell • Biophytis (NASDAQ:BPTS) is projected to report earnings for its first quarter.
CommVault Systems's Earnings Outlook
30 Jan 23
Benzinga's Top Ratings Upgrades, Downgrades For January 27, 2023
27 Jan 23
Guggenheim Initiates Coverage On CommVault Systems with Buy Rating, Announces Price Target of $86
27 Jan 23

Press releases

From Benzinga Pro
Boomi Appoints Former Citrix Executive as President and CFO, and Former SAP Executive as CMO
1 Feb 23
After recently appointing Steve Lucas as CEO, Boomi adds Arlen Shenkman, former Executive Vice President and Chief Financial Officer of Citrix, and Alison Biggan, former President, Corporate Marketing at SAP, to its
Commvault Announces Fiscal 2023 Third Quarter Financial Results
31 Jan 23
TINTON FALLS, N.J., Jan. 31, 2023 /PRNewswire/ -- Third quarter highlights include: Third quarter GAAP
Report: Commvault Leads the Industry in Kubernetes Data Protection for Third Consecutive Year
26 Jan 23
GigaOm Names Commvault 'Leader' and 'Outperformer' in latest Kubernetes Research TINTON FALLS, N.J., Jan. 26, 2023 /PRNewswire/ -- Commvault, a global enterprise leader in intelligent data services
Glancy Prongay & Murray LLP Announces Investigation of Commvault Systems, Inc.
18 Jan 23
Commvault Announces Preliminary Fiscal Third Quarter Financial Results
10 Jan 23
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