DA Davidson Cuts CommVault Systems (NASDAQ:CVLT) Price Target to $125.00

CommVault Systems (NASDAQ:CVLT) had its target price reduced by DA Davidson from $135.00 to $125.00 in a report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the software maker’s stock.

Several other equities analysts have also commented on the stock. Cantor Fitzgerald decreased their target price on shares of CommVault Systems from $144.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, January 28th. Mizuho cut their price target on shares of CommVault Systems from $180.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, January 28th. Wall Street Zen upgraded shares of CommVault Systems from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Truist Financial reissued a “buy” rating and issued a $155.00 price objective (down from $175.00) on shares of CommVault Systems in a research note on Wednesday, January 28th. Finally, Guggenheim cut their target price on CommVault Systems from $200.00 to $175.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, CommVault Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.75.

CommVault Systems Stock Performance

NASDAQ:CVLT opened at $79.80 on Tuesday. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 41.13 and a beta of 0.59. CommVault Systems has a fifty-two week low of $77.79 and a fifty-two week high of $200.68. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.34 and a current ratio of 2.34. The stock has a fifty day moving average price of $94.79 and a 200-day moving average price of $130.81.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.19. CommVault Systems had a return on equity of 37.38% and a net margin of 7.58%.The company had revenue of $313.83 million for the quarter, compared to analysts’ expectations of $299.07 million. During the same quarter last year, the business earned $0.94 earnings per share. CommVault Systems’s revenue was up 19.5% on a year-over-year basis. As a group, equities analysts anticipate that CommVault Systems will post 1.65 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Gary Merrill sold 1,892 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $91.28, for a total transaction of $172,701.76. Following the completion of the transaction, the insider directly owned 62,833 shares in the company, valued at $5,735,396.24. This represents a 2.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sanjay Mirchandani sold 10,052 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $80.09, for a total transaction of $805,064.68. Following the completion of the transaction, the chief executive officer directly owned 332,529 shares of the company’s stock, valued at approximately $26,632,247.61. The trade was a 2.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 31,355 shares of company stock worth $2,613,165. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Cullen Frost Bankers Inc. lifted its stake in shares of 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 during the last quarter. JSF Financial LLC grew its position in CommVault Systems by 1.1% during the 3rd quarter. JSF Financial LLC now owns 7,345 shares of the software maker’s stock worth $1,387,000 after acquiring an additional 82 shares during the last quarter. Assetmark Inc. increased its holdings in CommVault Systems by 33.6% in the 4th quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock worth $41,000 after purchasing an additional 82 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in CommVault Systems by 17.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 652 shares of the software maker’s stock worth $123,000 after purchasing an additional 95 shares in the last quarter. Finally, Diversify Wealth Management LLC raised its position in CommVault Systems by 1.6% in the third quarter. Diversify Wealth Management LLC now owns 7,060 shares of the software maker’s stock valued at $1,333,000 after purchasing an additional 110 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

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.