CommVault Systems (NASDAQ:CVLT) Earns Buy Rating from Analysts at Loop Capital

Loop Capital initiated coverage on shares of CommVault Systems (NASDAQ:CVLT) in a research report released on Tuesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $125.00 price objective on the software maker’s stock.

A number of other research analysts have also recently issued reports on the company. Stephens decreased their target price on CommVault Systems from $162.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 28th. Oppenheimer dropped their target price on shares of CommVault Systems from $180.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, January 28th. Weiss Ratings restated a “hold (c)” rating on shares of CommVault Systems in a research note on Wednesday, January 21st. DA Davidson decreased their price target on shares of CommVault Systems from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, March 17th. Finally, KeyCorp lowered their price objective on shares of CommVault Systems from $152.00 to $108.00 and set an “overweight” rating for the company in a research report on Wednesday, January 28th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $141.38.

CommVault Systems Trading Up 1.8%

Shares of CVLT stock opened at $81.16 on Tuesday. The stock’s fifty day moving average price is $90.25 and its two-hundred day moving average price is $127.33. The company has a market cap of $3.57 billion, a PE ratio of 41.84 and a beta of 0.59. CommVault Systems has a fifty-two week low of $76.99 and a fifty-two week high of $200.68. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.34 and a current ratio of 2.34.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.17 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $299.07 million. During the same quarter in the previous year, the firm earned $0.94 EPS. CommVault Systems’s revenue was up 19.5% on a year-over-year basis. Equities analysts predict that CommVault Systems will post 1.65 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Sanjay Mirchandani sold 10,052 shares of CommVault Systems stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $80.09, for a total transaction of $805,064.68. Following the completion of the transaction, the chief executive officer owned 332,529 shares of the company’s stock, valued at $26,632,247.61. This trade represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gary Merrill sold 1,892 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $91.28, for a total transaction of $172,701.76. Following the completion of the transaction, the insider owned 62,833 shares in the company, valued at approximately $5,735,396.24. The trade was a 2.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 31,355 shares of company stock worth $2,613,165. Insiders own 1.00% of the company’s stock.

Institutional Trading of CommVault Systems

Large investors have recently bought and sold shares of the business. Hsbc Holdings PLC raised its position in shares of CommVault Systems by 22.0% in the 4th quarter. Hsbc Holdings PLC now owns 1,846 shares of the software maker’s stock worth $232,000 after acquiring an additional 333 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of CommVault Systems by 61.6% during the 4th quarter. Pacer Advisors Inc. now owns 13,641 shares of the software maker’s stock valued at $1,710,000 after purchasing an additional 5,201 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of CommVault Systems by 7,231.7% during the 4th quarter. Mackenzie Financial Corp now owns 205,653 shares of the software maker’s stock valued at $26,023,000 after purchasing an additional 202,848 shares in the last quarter. XTX Topco Ltd acquired a new stake in CommVault Systems during the fourth quarter worth approximately $1,289,000. Finally, Wellington Management Group LLP increased its holdings in CommVault Systems by 102.4% in the fourth quarter. Wellington Management Group LLP now owns 281,555 shares of the software maker’s stock worth $35,296,000 after purchasing an additional 142,481 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

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.