CommVault Systems (NASDAQ:CVLT) Stock Price Down 4.6% – What’s Next?

CommVault Systems, Inc. (NASDAQ:CVLT) shares were down 4.6% during trading on Tuesday . The stock traded as low as $80.34 and last traded at $81.8850. Approximately 507,343 shares changed hands during trading, a decline of 52% from the average daily volume of 1,050,118 shares. The stock had previously closed at $85.85.

Wall Street Analysts Forecast Growth

CVLT has been the topic of several research reports. Mizuho decreased their target price on CommVault Systems from $180.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 28th. Royal Bank Of Canada cut their price target on shares of CommVault Systems from $167.00 to $100.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 28th. Cantor Fitzgerald reduced their price target on shares of CommVault Systems from $144.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 28th. Guggenheim lowered their price objective on shares of CommVault Systems from $200.00 to $175.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Finally, Stephens cut their target price on shares of CommVault Systems from $162.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $143.58.

CommVault Systems Price Performance

The company has a 50 day moving average of $102.07 and a 200 day moving average of $135.84. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.34 and a current ratio of 2.34. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 42.24 and a beta of 0.59.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.19. CommVault Systems had a return on equity of 37.38% and a net margin of 7.58%.The company had revenue of $313.83 million for the quarter, compared to analyst estimates of $299.07 million. During the same quarter last year, the company earned $0.94 EPS. CommVault Systems’s revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, equities research analysts anticipate that CommVault Systems, Inc. will post 1.65 EPS for the current year.

Insider Activity at CommVault Systems

In other news, CEO Sanjay Mirchandani sold 6,480 shares of CommVault Systems stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $90.28, for a total transaction of $585,014.40. Following the completion of the sale, the chief executive officer directly owned 352,919 shares of the company’s stock, valued at approximately $31,861,527.32. The trade was a 1.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gary Merrill sold 2,593 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $90.28, for a total transaction of $234,096.04. Following the transaction, the insider owned 64,725 shares of the company’s stock, valued at approximately $5,843,373. The trade was a 3.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 10,965 shares of company stock valued at $991,812 in the last quarter. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of CommVault Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of CVLT. Cullen Frost Bankers Inc. lifted its holdings in CommVault Systems by 43.8% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock worth $46,000 after buying an additional 74 shares during the last quarter. JSF Financial LLC increased its holdings in shares of CommVault Systems by 1.1% in the 3rd quarter. JSF Financial LLC now owns 7,345 shares of the software maker’s stock valued at $1,387,000 after acquiring an additional 82 shares during the last quarter. Assetmark Inc. raised its position in shares of CommVault Systems by 33.6% during the 4th quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock worth $41,000 after acquiring an additional 82 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in CommVault Systems by 17.1% during the third quarter. Farther Finance Advisors LLC now owns 652 shares of the software maker’s stock worth $123,000 after purchasing an additional 95 shares during the last quarter. Finally, Diversify Wealth Management LLC boosted its holdings in CommVault Systems by 1.6% in the third quarter. Diversify Wealth Management LLC now owns 7,060 shares of the software maker’s stock valued at $1,333,000 after purchasing an additional 110 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

CommVault Systems Company Profile

Commvault Systems, Inc is a global provider of data protection and information management software designed to help organizations manage, protect, and activate data across on-premises and cloud environments. Founded in 1996 and headquartered in Tinton Falls, New Jersey, Commvault offers a suite of integrated products and services that enable enterprises to back up, recover, archive, and analyze data. Its flagship solutions include Commvault Complete Data Protection, Commvault HyperScale, and the SaaS-based Metallic portfolio, which deliver scalable and automated data management capabilities across hybrid infrastructure environments.

Commvault’s platform is built on a unified architecture that allows customers to streamline operations, reduce complexity, and ensure data resiliency.