CommVault Systems (NASDAQ:CVLT) Releases Quarterly Earnings Results, Beats Estimates By $0.26 EPS

CommVault Systems (NASDAQ:CVLT) announced its quarterly earnings results on Tuesday. The software maker reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.26, FiscalAI reports. CommVault Systems had a return on equity of 51.64% and a net margin of 5.97%.The firm had revenue of $314.13 million for the quarter, compared to the consensus estimate of $310.43 million.

CommVault Systems Stock Up 5.0%

CVLT stock opened at $149.46 on Tuesday. The company has a market cap of $6.19 billion, a price-to-earnings ratio of 94.00 and a beta of 0.79. The company has a debt-to-equity ratio of 117.54, a quick ratio of 1.95 and a current ratio of 1.95. The business’s 50-day moving average is $131.80 and its two-hundred day moving average is $107.07. CommVault Systems has a fifty-two week low of $71.75 and a fifty-two week high of $200.68.

Wall Street Analyst Weigh In

CVLT has been the subject of several research analyst reports. Royal Bank Of Canada lifted their price objective on CommVault Systems from $100.00 to $110.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 29th. DA Davidson reaffirmed a “buy” rating and set a $125.00 price target on shares of CommVault Systems in a report on Monday, April 13th. Wolfe Research initiated coverage on shares of CommVault Systems in a research note on Friday, May 1st. They issued a “peer perform” rating for the company. Wall Street Zen cut shares of CommVault Systems from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $132.00 price objective on shares of CommVault Systems in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $147.60.

Insider Buying and Selling at CommVault Systems

In other news, CAO Danielle Nicole Abrahamsen sold 254 shares of CommVault Systems stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $150.00, for a total transaction of $38,100.00. Following the transaction, the chief accounting officer owned 13,156 shares in the company, valued at $1,973,400. This trade represents a 1.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjay Mirchandani sold 8,450 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $99.13, for a total transaction of $837,648.50. Following the sale, the chief executive officer directly owned 306,927 shares of the company’s stock, valued at approximately $30,425,673.51. The trade was a 2.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 55,279 shares of company stock worth $5,786,557 in the last three months. 0.86% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CVLT. First Trust Advisors LP lifted its position in shares of CommVault Systems by 25.5% during the 4th quarter. First Trust Advisors LP now owns 1,537,034 shares of the software maker’s stock valued at $192,683,000 after buying an additional 312,178 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of CommVault Systems by 60.8% in the second quarter. AQR Capital Management LLC now owns 893,385 shares of the software maker’s stock valued at $155,744,000 after acquiring an additional 337,830 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of CommVault Systems by 2.0% in the third quarter. Dimensional Fund Advisors LP now owns 611,659 shares of the software maker’s stock worth $115,476,000 after acquiring an additional 12,177 shares during the period. Champlain Investment Partners LLC boosted its stake in shares of CommVault Systems by 18.0% in the fourth quarter. Champlain Investment Partners LLC now owns 406,457 shares of the software maker’s stock worth $50,953,000 after acquiring an additional 62,002 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of CommVault Systems by 5.5% during the fourth quarter. JPMorgan Chase & Co. now owns 403,947 shares of the software maker’s stock worth $50,639,000 after purchasing an additional 21,169 shares in the last quarter. Institutional investors 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.