A Shane Sanders Sells 476 Shares of CommVault Systems (NASDAQ:CVLT) Stock

CommVault Systems, Inc. (NASDAQ:CVLT) Director A Shane Sanders sold 476 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $134.19, for a total value of $63,874.44. Following the completion of the sale, the director directly owned 8,696 shares of the company’s stock, valued at $1,166,916.24. This represents a 5.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CommVault Systems Price Performance

Shares of CVLT stock traded up $4.16 during mid-day trading on Monday, reaching $139.43. The stock had a trading volume of 1,093,094 shares, compared to its average volume of 960,106. The business has a 50-day simple moving average of $135.03 and a 200 day simple moving average of $107.14. The company has a market cap of $5.78 billion, a P/E ratio of 88.81 and a beta of 0.81. CommVault Systems, Inc. has a 12-month low of $71.75 and a 12-month high of $198.18. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 16.94.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, July 28th. The software maker reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.26. CommVault Systems had a return on equity of 88.75% and a net margin of 5.62%.The business had revenue of $314.13 million during the quarter, compared to the consensus estimate of $310.43 million. During the same quarter in the previous year, the business earned $1.01 earnings per share. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, sell-side analysts anticipate that CommVault Systems, Inc. will post 2.84 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in CommVault Systems in the second quarter worth about $855,420,000. Vanguard Group Inc. lifted its position in CommVault Systems by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 5,675,590 shares of the software maker’s stock valued at $711,492,000 after acquiring an additional 240,093 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of CommVault Systems by 25.5% during the fourth quarter. First Trust Advisors LP now owns 1,537,034 shares of the software maker’s stock worth $192,683,000 after buying an additional 312,178 shares in the last quarter. Pictet Asset Management Holding SA raised its holdings in shares of CommVault Systems by 36.2% in the first quarter. Pictet Asset Management Holding SA now owns 1,239,225 shares of the software maker’s stock valued at $96,447,000 after purchasing an additional 329,243 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its stake in CommVault Systems by 34.5% in the 4th quarter. Westfield Capital Management Co. LP now owns 1,057,077 shares of the software maker’s stock valued at $132,515,000 after buying an additional 270,902 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

Analyst Ratings Changes

CVLT has been the topic of several research analyst reports. Royal Bank Of Canada raised their target price on shares of CommVault Systems from $100.00 to $110.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 29th. Stephens boosted their price target on shares of CommVault Systems from $135.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, June 16th. Guggenheim restated a “buy” rating on shares of CommVault Systems in a research report on Tuesday, July 28th. Jefferies Financial Group reiterated a “hold” rating and set a $130.00 price objective on shares of CommVault Systems in a report on Wednesday, July 29th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $132.00 target price on shares of CommVault Systems in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, CommVault Systems currently has an average rating of “Moderate Buy” and a consensus price target of $152.47.

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.