CommVault Systems (NASDAQ:CVLT) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of CommVault Systems (NASDAQ:CVLT) from a buy rating to a hold rating in a research report released on Saturday morning.

A number of other equities analysts have also issued reports on the company. Scotiabank reissued a “sector perform” rating and issued a $130.00 price objective on shares of CommVault Systems in a report on Wednesday, July 29th. DA Davidson set a $175.00 target price on CommVault Systems in a research note on Wednesday, July 29th. Mizuho boosted their price target on CommVault Systems from $140.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. Wolfe Research began coverage on CommVault Systems in a research note on Friday, May 1st. They issued a “peer perform” rating for the company. Finally, Zacks Research lowered CommVault Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $152.47.

CommVault Systems Trading Down 2.7%

CommVault Systems stock opened at $147.09 on Friday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 16.94. The firm has a 50-day moving average price of $137.29 and a two-hundred day moving average price of $108.03. The firm has a market capitalization of $6.10 billion, a price-to-earnings ratio of 93.69 and a beta of 0.81. CommVault Systems has a 52-week low of $71.75 and a 52-week high of $198.18.

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

Insider Activity at CommVault Systems

In related news, CAO Danielle Nicole Abrahamsen sold 1,065 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $105.84, for a total transaction of $112,719.60. Following the transaction, the chief accounting officer owned 13,581 shares in the company, valued at $1,437,413.04. This trade represents a 7.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Gary Merrill sold 4,560 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $105.10, for a total value of $479,256.00. Following the sale, the chief financial officer directly owned 72,507 shares in the company, valued at approximately $7,620,485.70. The trade was a 5.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 56,350 shares of company stock valued at $5,930,275. Insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in CommVault Systems during the second quarter worth about $27,000. Silvant Capital Management LLC acquired a new stake in CommVault Systems in the 2nd quarter valued at about $30,000. State of Wyoming acquired a new stake in CommVault Systems in the 2nd quarter valued at about $35,000. Essential Partners LLC boosted its position in shares of CommVault Systems by 9,920.0% during the 1st quarter. Essential Partners LLC now owns 501 shares of the software maker’s stock valued at $39,000 after purchasing an additional 496 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in shares of CommVault Systems during the 3rd quarter valued at about $39,000. Institutional investors own 93.50% of the company’s stock.

About CommVault Systems

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.