CommVault Systems (NASDAQ:CVLT) Hits New 1-Year Low – Time to Sell?

CommVault Systems, Inc. (NASDAQ:CVLT) shares hit a new 52-week low on Tuesday . The company traded as low as $84.17 and last traded at $83.25, with a volume of 37534 shares trading hands. The stock had previously closed at $87.35.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CVLT shares. Royal Bank Of Canada reduced their target price on CommVault Systems from $167.00 to $100.00 and set a “sector perform” rating for the company in a report on Wednesday, January 28th. Guggenheim decreased their price target on shares of CommVault Systems from $200.00 to $175.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Truist Financial reiterated a “buy” rating and set a $155.00 target price (down previously from $175.00) on shares of CommVault Systems in a research note on Wednesday, January 28th. Mizuho dropped their price target on CommVault Systems from $180.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of CommVault Systems in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $143.58.

CommVault Systems Stock Down 5.5%

The firm’s 50-day moving average is $120.53 and its 200 day moving average is $152.16. The firm has a market capitalization of $3.63 billion, a PE ratio of 42.62 and a beta of 0.59. 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 earnings results on Tuesday, January 27th. The software maker reported $1.17 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.19. CommVault Systems had a net margin of 7.58% and a return on equity of 37.38%. The business had revenue of $313.83 million for the quarter, compared to analyst estimates of $299.07 million. During the same quarter in the previous year, the business posted $0.94 EPS. The business’s quarterly revenue was up 19.5% on a year-over-year basis. As a group, research analysts forecast that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Gary Merrill sold 1,845 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $122.40, for a total value of $225,828.00. Following the sale, the insider owned 67,318 shares in the company, valued at approximately $8,239,723.20. This represents a 2.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sanjay Mirchandani sold 13,109 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $121.15, for a total value of $1,588,155.35. Following the completion of the sale, the chief executive officer directly owned 359,260 shares of the company’s stock, valued at approximately $43,524,349. This represents a 3.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 33,111 shares of company stock worth $4,058,851 in the last three months. 1.00% of the stock is owned by insiders.

Institutional Trading of CommVault Systems

Large investors have recently modified their holdings of the company. Tudor Investment Corp ET AL acquired a new stake in shares of CommVault Systems in the third quarter valued at approximately $1,887,800,000. First Trust Advisors LP grew its holdings in CommVault Systems by 1,335.8% in the 3rd quarter. First Trust Advisors LP now owns 1,224,856 shares of the software maker’s stock worth $231,228,000 after buying an additional 1,139,547 shares in the last quarter. M&T Bank Corp increased its position in CommVault Systems by 22,133.9% in the 4th quarter. M&T Bank Corp now owns 610,098 shares of the software maker’s stock valued at $76,482,000 after acquiring an additional 607,354 shares during the period. Westfield Capital Management Co. LP raised its stake in CommVault Systems by 135.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 786,175 shares of the software maker’s stock valued at $148,414,000 after acquiring an additional 452,422 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in CommVault Systems by 60.8% during the 2nd quarter. AQR Capital Management LLC now owns 893,385 shares of the software maker’s stock worth $155,744,000 after acquiring an additional 337,830 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.