CommVault Systems (NASDAQ:CVLT) Raised to Buy at Wall Street Zen

CommVault Systems (NASDAQ:CVLT) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

Other research analysts have also recently issued research reports about the company. Zacks Research cut CommVault Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Weiss Ratings upgraded shares of CommVault Systems from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 16th. Oppenheimer upped their price target on shares of CommVault Systems from $150.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $132.00 price target on shares of CommVault Systems in a research report on Monday, July 27th. Finally, Royal Bank Of Canada lifted their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, CommVault Systems has a consensus rating of “Moderate Buy” and a consensus target price of $152.47.

CommVault Systems Stock Down 2.0%

CVLT opened at $131.13 on Friday. The business has a 50 day moving average price of $138.69 and a two-hundred day moving average price of $109.99. CommVault Systems has a 52 week low of $71.75 and a 52 week high of $198.18. The company has a market cap of $5.43 billion, a PE ratio of 83.52 and a beta of 0.81. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 16.94.

CommVault Systems (NASDAQ:CVLT) last issued its earnings results on Tuesday, July 28th. The software maker reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.26. CommVault Systems had a net margin of 5.62% and a return on equity of 88.75%. The business had revenue of $314.13 million for the quarter, compared to the consensus estimate of $310.43 million. During the same quarter in the previous year, the firm earned $1.01 earnings per share. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. As a group, research analysts anticipate that CommVault Systems will post 2.84 EPS for the current year.

Insider Activity at CommVault Systems

In other news, CEO Sanjay Mirchandani sold 6,857 shares of CommVault Systems stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $142.80, for a total transaction of $979,179.60. Following the completion of the sale, the chief executive officer directly owned 257,676 shares in the company, valued at $36,796,132.80. The trade was a 2.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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, Director A Shane Sanders sold 476 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $134.19, for a total transaction of $63,874.44. Following the completion of the transaction, the director directly owned 8,696 shares of the company’s stock, valued at approximately $1,166,916.24. This represents a 5.19% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 29,602 shares of company stock worth $4,240,541 over the last three months. Company insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On CommVault Systems

Hedge funds have recently made changes to their positions in the business. Transamerica Financial Advisors LLC acquired a new position in CommVault Systems in the second quarter valued at $25,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in CommVault Systems in the 2nd quarter valued at about $27,000. Silvant Capital Management LLC acquired a new position in shares of CommVault Systems during the 2nd quarter valued at about $30,000. State of Wyoming acquired a new position in shares of CommVault Systems during the 2nd quarter valued at about $35,000. Finally, Essential Partners LLC lifted its holdings 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 worth $39,000 after acquiring an additional 496 shares during the period. 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.