CommVault Systems (NASDAQ:CVLT) Research Coverage Started at Stephens

Stephens initiated coverage on shares of CommVault Systems (NASDAQ:CVLT) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $162.00 target price on the software maker’s stock.

CVLT has been the subject of several other reports. Baird R W upgraded CommVault Systems to a “strong-buy” rating in a research note on Monday, October 27th. Robert W. Baird initiated coverage on CommVault Systems in a research note on Monday, October 27th. They set an “outperform” rating and a $215.00 price objective for the company. Oppenheimer began coverage on CommVault Systems in a report on Monday, November 10th. They set an “outperform” rating on the stock. KeyCorp reduced their target price on CommVault Systems from $225.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Finally, Guggenheim restated a “buy” rating and issued a $220.00 price target on shares of CommVault Systems in a research note on Thursday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, CommVault Systems has a consensus rating of “Moderate Buy” and a consensus price target of $191.92.

CommVault Systems Stock Performance

NASDAQ:CVLT opened at $125.36 on Tuesday. The firm has a 50 day simple moving average of $128.10 and a 200-day simple moving average of $161.29. The company has a debt-to-equity ratio of 4.18, a current ratio of 2.53 and a quick ratio of 2.53. The firm has a market cap of $5.53 billion, a PE ratio of 70.43 and a beta of 0.57. CommVault Systems has a 1-year low of $114.46 and a 1-year high of $200.68.

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

Insider Buying and Selling

In other news, CEO Sanjay Mirchandani sold 14,653 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $123.65, for a total value 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 represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gary Merrill sold 2,674 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $123.58, for a total value of $330,452.92. Following 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 33,111 shares of company stock valued at $4,058,851 in the last three months. Insiders own 1.00% of the company’s stock.

Institutional Trading of CommVault Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Wyoming acquired a new position in shares of CommVault Systems in the 2nd quarter worth approximately $35,000. Banque Cantonale Vaudoise bought a new position in CommVault Systems during the third quarter worth $39,000. Cullen Frost Bankers Inc. raised its stake in CommVault Systems by 43.8% during 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. lifted its holdings in CommVault Systems by 2,950.0% in the third quarter. Assetmark Inc. now owns 244 shares of the software maker’s stock valued at $46,000 after buying an additional 236 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in CommVault Systems by 188.3% in the second quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock valued at $47,000 after buying an additional 177 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.