CommVault Systems (NASDAQ:CVLT) Director A Shane Sanders Sells 476 Shares

CommVault Systems, Inc. (NASDAQ:CVLT) Director A Shane Sanders sold 476 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $134.19, for a total value of $63,874.44. Following the completion of the sale, the director owned 8,696 shares of the company’s stock, valued at approximately $1,166,916.24. This represents a 5.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CommVault Systems Stock Performance

Shares of NASDAQ:CVLT opened at $139.43 on Tuesday. CommVault Systems, Inc. has a 12 month low of $71.75 and a 12 month high of $198.18. The firm’s 50-day moving average is $135.37 and its 200 day moving average is $107.30. The company has a market capitalization of $5.78 billion, a price-to-earnings ratio of 88.81 and a beta of 0.81. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 16.94.

CommVault Systems (NASDAQ:CVLT) last released its earnings results on Tuesday, July 28th. The software maker reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.26. The firm had revenue of $314.13 million for the quarter, compared to analysts’ expectations of $310.43 million. CommVault Systems had a return on equity of 88.75% and a net margin of 5.62%.The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.01 earnings per share. Research analysts predict that CommVault Systems, Inc. will post 2.84 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Versant Capital Management Inc grew its holdings in shares of CommVault Systems by 15.8% in the second quarter. Versant Capital Management Inc now owns 595 shares of the software maker’s stock valued at $84,000 after purchasing an additional 81 shares during the period. Assetmark Inc. increased its position in shares of CommVault Systems by 33.6% during the fourth quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock valued at $41,000 after acquiring an additional 82 shares during the last quarter. Captrust Financial Advisors increased its position in shares of CommVault Systems by 7.2% during the fourth quarter. Captrust Financial Advisors now owns 2,153 shares of the software maker’s stock valued at $270,000 after acquiring an additional 145 shares during the last quarter. MML Investors Services LLC raised its stake in shares of CommVault Systems by 6.7% in the 4th quarter. MML Investors Services LLC now owns 2,361 shares of the software maker’s stock valued at $296,000 after acquiring an additional 149 shares during the period. Finally, Madison Asset Management LLC lifted its holdings in shares of CommVault Systems by 0.6% in the 4th quarter. Madison Asset Management LLC now owns 23,947 shares of the software maker’s stock worth $3,002,000 after acquiring an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

CVLT has been the topic of a number of recent research reports. Piper Sandler downgraded CommVault Systems from an “overweight” rating to a “neutral” rating and set a $133.00 price target on the stock. in a research report on Tuesday, July 28th. DA Davidson set a $175.00 price target on CommVault Systems in a report on Wednesday, July 29th. Royal Bank Of Canada boosted their price target on CommVault Systems from $100.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 29th. KeyCorp raised their price objective on CommVault Systems from $125.00 to $175.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, Wall Street Zen upgraded shares of CommVault Systems from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $152.47.

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.