CommVault Systems (NASDAQ:CVLT) Stock Rating Upgraded by Stephens

CommVault Systems (NASDAQ:CVLT) was upgraded by research analysts at Stephens to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on CVLT. Wall Street Zen cut CommVault Systems from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Baird R W upgraded CommVault Systems to a “strong-buy” rating in a research report on Monday, October 27th. Cantor Fitzgerald cut their price objective on CommVault Systems from $189.00 to $144.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Robert W. Baird initiated coverage on shares of CommVault Systems in a research note on Monday, October 27th. They set an “outperform” rating and a $215.00 price objective for the company. Finally, KeyCorp dropped their target price on shares of CommVault Systems from $225.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $191.92.

CommVault Systems Price Performance

Shares of NASDAQ CVLT opened at $126.79 on Monday. CommVault Systems has a twelve month low of $114.46 and a twelve month high of $200.68. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 4.18. The firm has a 50-day moving average of $129.85 and a two-hundred day moving average of $161.80. The company has a market capitalization of $5.59 billion, a price-to-earnings ratio of 71.23 and a beta of 0.60.

CommVault Systems (NASDAQ:CVLT) last released its earnings results on Tuesday, October 28th. The software maker reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.04). CommVault Systems had a return on equity of 31.53% and a net margin of 7.32%.The business had revenue of $276.19 million during the quarter, compared to the consensus estimate of $273.31 million. During the same quarter in the previous year, the firm earned $0.83 earnings per share. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. As a group, analysts expect that CommVault Systems will post 1.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Sanjay Mirchandani sold 13,109 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $121.15, for a total transaction of $1,588,155.35. Following the transaction, the chief executive officer directly owned 359,260 shares of the company’s stock, valued at approximately $43,524,349. The trade was a 3.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jennifer Leigh Dirico sold 830 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $123.58, for a total transaction of $102,571.40. Following the completion of the transaction, the chief financial officer owned 44,313 shares in the company, valued at approximately $5,476,200.54. This represents a 1.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 33,111 shares of company stock worth $4,058,851. 1.00% of the stock is owned by company insiders.

Institutional Trading of CommVault Systems

A number of institutional investors have recently bought and sold shares of the company. State of Wyoming acquired a new position in CommVault Systems in the 2nd quarter worth about $35,000. Banque Cantonale Vaudoise bought a new stake in shares of CommVault Systems in the 3rd quarter valued at approximately $39,000. Cullen Frost Bankers Inc. increased its holdings in CommVault Systems by 43.8% in the third quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock worth $46,000 after buying an additional 74 shares during the last quarter. Assetmark Inc. raised its position in CommVault Systems by 2,950.0% during the third quarter. Assetmark Inc. now owns 244 shares of the software maker’s stock valued at $46,000 after acquiring an additional 236 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in CommVault Systems during the third quarter valued at approximately $47,000. Institutional investors and hedge funds 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.