Stephens Begins Coverage on CommVault Systems (NASDAQ:CVLT)

Equities research analysts at Stephens began coverage on shares of CommVault Systems (NASDAQ:CVLT) in a note issued to investors on Tuesday. The brokerage set an “overweight” rating and a $162.00 price target on the software maker’s stock. Stephens’ price target suggests a potential upside of 27.00% from the stock’s current price.

Several other brokerages have also recently issued reports on CVLT. Robert W. Baird began coverage on shares of CommVault Systems in a research note on Monday, October 27th. They issued an “outperform” rating and a $215.00 price objective on the stock. Cantor Fitzgerald lowered their target price on shares of CommVault Systems from $189.00 to $144.00 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Piper Sandler upgraded shares of CommVault Systems from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $195.00 to $200.00 in a research note on Monday, October 13th. KeyCorp reduced their price objective on shares of CommVault Systems from $225.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Finally, Truist Financial dropped their target price on CommVault Systems from $230.00 to $210.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $191.92.

CommVault Systems Stock Performance

Shares of CVLT opened at $127.56 on Tuesday. The company’s 50 day simple moving average is $130.81 and its 200-day simple moving average is $162.20. CommVault Systems has a 12-month low of $114.46 and a 12-month high of $200.68. The firm has a market cap of $5.62 billion, a PE ratio of 71.66 and a beta of 0.60. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 4.18.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings data on Tuesday, October 28th. The software maker reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.04). The business had revenue of $276.19 million during the quarter, compared to analyst estimates of $273.31 million. CommVault Systems had a net margin of 7.32% and a return on equity of 31.53%. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.83 earnings per share. As a group, equities analysts predict that CommVault Systems will post 1.65 EPS for the current year.

Insider Buying and Selling

In related news, insider Gary Merrill sold 2,674 shares of CommVault Systems stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $123.58, for a total transaction of $330,452.92. Following the completion of the transaction, the insider directly owned 69,163 shares in the company, valued at $8,547,163.54. The trade was a 3.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sanjay Mirchandani sold 14,653 shares of the stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $123.65, for a total value of $1,811,843.45. Following the sale, the chief executive officer owned 372,369 shares in the company, valued at approximately $46,043,426.85. This trade represents a 3.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,111 shares of company stock worth $4,058,851 in the last ninety days. Insiders own 1.00% of the company’s stock.

Institutional Trading of CommVault Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. raised its stake in 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 purchasing an additional 74 shares during the last quarter. GAMMA Investing LLC raised its position in shares of CommVault Systems by 6.0% in the second quarter. GAMMA Investing LLC now owns 1,422 shares of the software maker’s stock valued at $248,000 after buying an additional 80 shares during the last quarter. JSF Financial LLC lifted its stake in shares of CommVault Systems by 1.1% during the third quarter. JSF Financial LLC now owns 7,345 shares of the software maker’s stock valued at $1,387,000 after buying an additional 82 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of CommVault Systems by 17.1% during the third quarter. Farther Finance Advisors LLC now owns 652 shares of the software maker’s stock valued at $123,000 after buying an additional 95 shares during the period. Finally, Louisiana State Employees Retirement System grew its stake in CommVault Systems by 0.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the software maker’s stock worth $2,162,000 after acquiring an additional 100 shares during the period. Hedge funds and other 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.