Commvault Systems, Inc
At today's price, Commvault Systems, Inc (CVLT) is priced for today's economics sustained for ~5.4 years. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
Commvault is a data-protection and cyber-resilience software business mid-transition to subscription and SaaS. Total ARR reached $1.12 billion, up 21%, with SaaS ARR up 42% to $400 million and SaaS net dollar retention of 122%, while free cash flow hit $237 million. The valuation is demanding. GAAP operating margin is only 6.3% because the model is still converting, so the inversion reads as a high implied-growth bet, and only the growth-DCF method reaches the price. Asset, earnings-power, and
Is CVLT overvalued? See what's priced in →
368 institutional managers reported holding CVLT in 13F filings for the quarter ended 2026-03-31. Together they hold about 93% of the company; the top 10 hold 48%. 82 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 3.1M shares were sold short as of the 2026-06-15 count, about 7% of shares outstanding (4.1 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
CVLT has cut its share count 4.5% over the past five years, spending $1.16B on repurchases. It pays no dividend. Cash returned over the past three years: $744.11M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at CVLT over the trailing three years. Absence is a fact about the company, not a signal. 13 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
CVLT's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-02 | -9.6% | -3.8% |
| 2023-11-02 | +0.3% | +14.3% |
| 2024-02-01 | +12.5% | +5.3% |
| 2024-05-14 | +3.3% | +14.7% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
CVLT's latest 8-K filings: 2026-04-28 (items 2.02, 9.01); 2026-04-13 (items 5.02, 7.01, 9.01); 2026-01-27 (items 2.02, 9.01); 2025-12-04 (items 5.02, 7.01, 9.01); 2025-10-28 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.