Vivie Lee Sells 595 Shares of CommVault Systems (NASDAQ:CVLT) Stock

CommVault Systems, Inc. (NASDAQ:CVLT) Director Vivie Lee sold 595 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $134.19, for a total transaction of $79,843.05. Following the completion of the transaction, the director directly owned 15,140 shares in the company, valued at $2,031,636.60. This trade represents a 3.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CommVault Systems Stock Performance

CVLT opened at $139.43 on Wednesday. The firm has a 50 day simple moving average of $135.71 and a 200 day simple moving average of $107.44. CommVault Systems, Inc. has a fifty-two week low of $71.75 and a fifty-two week high of $198.18. The company has a market cap of $5.78 billion, a price-to-earnings ratio of 88.81 and a beta of 0.81. The company has a debt-to-equity ratio of 16.94, a current ratio of 2.04 and a quick ratio of 2.04.

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

Institutional Investors Weigh In On CommVault Systems

Several large investors have recently modified their holdings of the business. Versant Capital Management Inc raised its position in shares of CommVault Systems by 15.8% during the second quarter. Versant Capital Management Inc now owns 595 shares of the software maker’s stock worth $84,000 after purchasing an additional 81 shares during the period. Assetmark Inc. lifted its holdings in shares of 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. Captrust Financial Advisors grew its position in CommVault Systems by 7.2% in the 4th quarter. Captrust Financial Advisors now owns 2,153 shares of the software maker’s stock valued at $270,000 after purchasing an additional 145 shares during the period. MML Investors Services LLC grew its position in CommVault Systems by 6.7% in the 4th quarter. MML Investors Services LLC now owns 2,361 shares of the software maker’s stock valued at $296,000 after purchasing an additional 149 shares during the period. Finally, Madison Asset Management LLC increased its stake in CommVault Systems by 0.6% during the 4th quarter. Madison Asset Management LLC now owns 23,947 shares of the software maker’s stock valued at $3,002,000 after purchasing an additional 153 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Mizuho upped their price objective on CommVault Systems from $140.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. UBS Group restated a “neutral” rating on shares of CommVault Systems in a research report on Monday, July 27th. Weiss Ratings upgraded CommVault Systems from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 16th. KeyCorp increased their price target on shares of CommVault Systems from $125.00 to $175.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, Oppenheimer lifted their price objective on shares of CommVault Systems from $150.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.