CommVault Systems (NASDAQ:CVLT) Coverage Initiated at Stephens

Equities research analysts at Stephens assumed coverage on shares of CommVault Systems (NASDAQ:CVLT) in a research report issued on Tuesday. The brokerage set an “overweight” rating and a $162.00 price target on the software maker’s stock. Stephens’ target price suggests a potential upside of 27.00% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CommVault Systems in a research report on Wednesday, October 8th. Piper Sandler raised CommVault Systems from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $195.00 to $200.00 in a report on Monday, October 13th. Baird R W raised shares of CommVault Systems to a “strong-buy” rating in a research note on Monday, October 27th. Guggenheim restated a “buy” rating and issued a $220.00 price objective on shares of CommVault Systems in a research report on Thursday, October 16th. Finally, Zacks Research lowered shares of CommVault Systems from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $191.92.

CommVault Systems Stock Down 0.7%

NASDAQ:CVLT opened at $127.56 on Tuesday. The stock has a market capitalization of $5.62 billion, a P/E ratio of 71.66 and a beta of 0.60. CommVault Systems has a fifty-two week low of $114.46 and a fifty-two week high of $200.68. The company has a debt-to-equity ratio of 4.18, a quick ratio of 2.53 and a current ratio of 2.53. The company’s 50-day simple moving average is $130.81 and its 200-day simple moving average is $162.20.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings data 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 company had revenue of $276.19 million for the quarter, compared to analyst estimates of $273.31 million. CommVault Systems had a net margin of 7.32% and a return on equity of 31.53%. The business’s revenue was up 18.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 EPS. On average, equities analysts anticipate that CommVault Systems will post 1.65 earnings per share for the current fiscal year.

Insider Buying and Selling at CommVault Systems

In other CommVault Systems news, CEO Sanjay Mirchandani sold 14,653 shares of the company’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $123.65, for a total transaction of $1,811,843.45. Following the transaction, the chief executive officer directly owned 372,369 shares in the company, valued at $46,043,426.85. This represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jennifer Leigh Dirico sold 830 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $123.58, for a total value of $102,571.40. Following the transaction, the chief financial officer owned 44,313 shares of the company’s stock, valued at $5,476,200.54. This trade represents a 1.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 33,111 shares of company stock valued at $4,058,851 over the last 90 days. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On CommVault Systems

Several institutional investors have recently modified their holdings of the business. State of Wyoming acquired a new position in shares of CommVault Systems during the second quarter worth about $35,000. Banque Cantonale Vaudoise acquired a new position in shares of CommVault Systems during the third quarter worth $39,000. Cullen Frost Bankers Inc. raised its stake in CommVault Systems by 43.8% in the third quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock valued at $46,000 after buying an additional 74 shares in the last quarter. Assetmark Inc. increased its holdings in shares of CommVault Systems by 2,950.0% in the 3rd quarter. Assetmark Inc. now owns 244 shares of the software maker’s stock valued at $46,000 after acquiring an additional 236 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of CommVault Systems by 188.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock worth $47,000 after acquiring an additional 177 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

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.