CommVault Systems (NASDAQ:CVLT) Hits New 52-Week Low – Here’s Why

CommVault Systems, Inc. (NASDAQ:CVLT)’s share price reached a new 52-week low on Wednesday . The company traded as low as $120.78 and last traded at $122.4690, with a volume of 77407 shares traded. The stock had previously closed at $122.54.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CVLT. Wells Fargo & Company decreased their price target on shares of CommVault Systems from $220.00 to $190.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Robert W. Baird started coverage on CommVault Systems in a report on Monday, October 27th. They issued an “outperform” rating and a $215.00 target price on the stock. Guggenheim reissued a “buy” rating and issued a $220.00 price objective on shares of CommVault Systems in a research report on Thursday, October 16th. Baird R W upgraded shares of CommVault Systems to a “strong-buy” rating in a research note on Monday, October 27th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of CommVault Systems in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $195.10.

CommVault Systems Trading Down 2.2%

The firm has a market cap of $5.28 billion, a price-to-earnings ratio of 67.32 and a beta of 0.68. The company has a current ratio of 2.53, a quick ratio of 1.24 and a debt-to-equity ratio of 4.18. The company has a 50 day moving average of $164.95 and a 200 day moving average of $173.76.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Tuesday, October 28th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.04). The firm had revenue of $448.85 million for the quarter, compared to the consensus estimate of $273.31 million. CommVault Systems had a net margin of 7.32% and a return on equity of 31.53%. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.83 earnings per share. CommVault Systems has set its Q3 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, research analysts anticipate that CommVault Systems, Inc. will post 1.65 EPS for the current year.

Insider Buying and Selling

In other news, Director Allison Pickens sold 690 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $177.89, for a total transaction of $122,744.10. Following the sale, the director owned 5,166 shares in the company, valued at approximately $918,979.74. This represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gary Merrill sold 15,244 shares of CommVault Systems stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $178.01, for a total value of $2,713,584.44. Following the completion of the transaction, the insider directly owned 71,837 shares of the company’s stock, valued at $12,787,704.37. This represents a 17.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 30,843 shares of company stock worth $5,553,047 in the last three months. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On CommVault Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC acquired a new position in shares of CommVault Systems during the third quarter worth approximately $47,000. Oberweis Asset Management Inc. raised its position in CommVault Systems by 2.1% in the 3rd quarter. Oberweis Asset Management Inc. now owns 128,600 shares of the software maker’s stock worth $24,277,000 after purchasing an additional 2,700 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in CommVault Systems by 8.4% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 112,312 shares of the software maker’s stock worth $21,679,000 after buying an additional 8,657 shares in the last quarter. Woodline Partners LP bought a new position in CommVault Systems in the 3rd quarter valued at $18,304,000. Finally, Alyeska Investment Group L.P. bought a new position in CommVault Systems in the 3rd quarter valued at $5,893,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

About CommVault Systems

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.