Stephens Upgrades CommVault Systems (NASDAQ:CVLT) to “Strong-Buy”

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

Several other equities research analysts have also issued reports on the stock. Cantor Fitzgerald lowered their price target on shares of CommVault Systems from $189.00 to $144.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Guggenheim reiterated a “buy” rating and set a $220.00 target price on shares of CommVault Systems in a research report on Thursday, October 16th. Truist Financial lowered their target price on shares of CommVault Systems from $230.00 to $210.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. KeyCorp dropped their price target on shares of CommVault Systems from $225.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Finally, Wall Street Zen cut shares of CommVault Systems from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $191.92.

CommVault Systems Trading Down 0.6%

CommVault Systems stock opened at $126.79 on Monday. The business has a 50 day moving average price of $129.85 and a two-hundred day moving average price of $161.80. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 4.18. CommVault Systems has a 12 month low of $114.46 and a 12 month high of $200.68. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of 71.23 and a beta of 0.60.

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

Insider Buying and Selling at CommVault Systems

In other news, CEO Sanjay Mirchandani sold 14,653 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $123.65, for a total transaction of $1,811,843.45. Following the completion of the sale, the chief executive officer owned 372,369 shares of the company’s stock, valued at approximately $46,043,426.85. This trade represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Gary Merrill sold 2,674 shares of CommVault Systems 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 $330,452.92. Following the completion of the transaction, the insider owned 69,163 shares of the company’s stock, valued at $8,547,163.54. This trade represents a 3.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 33,111 shares of company stock worth $4,058,851 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CVLT. Cullen Frost Bankers Inc. increased its position in CommVault Systems by 43.8% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock valued at $46,000 after acquiring an additional 74 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of CommVault Systems by 6.0% during the second quarter. GAMMA Investing LLC now owns 1,422 shares of the software maker’s stock worth $248,000 after purchasing an additional 80 shares in the last quarter. JSF Financial LLC grew its stake in shares of CommVault Systems by 1.1% during the third quarter. JSF Financial LLC now owns 7,345 shares of the software maker’s stock valued at $1,387,000 after purchasing an additional 82 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of CommVault Systems by 17.1% in the third quarter. Farther Finance Advisors LLC now owns 652 shares of the software maker’s stock valued at $123,000 after purchasing an additional 95 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in shares of CommVault Systems by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the software maker’s stock valued at $2,162,000 after purchasing an additional 100 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

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.