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 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 approximately $1,166,916.24. The trade was a 5.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CommVault Systems Stock Performance

NASDAQ CVLT opened at $139.43 on Wednesday. The firm has a market capitalization of $5.78 billion, a P/E ratio of 88.81 and a beta of 0.81. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 16.94. The firm’s fifty day moving average price is $135.71 and its two-hundred day moving average price is $107.44. CommVault Systems, Inc. has a 1 year low of $71.75 and a 1 year high of $198.18.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Piper Sandler cut CommVault Systems from an “overweight” rating to a “neutral” rating and set a $133.00 price target on the stock. in a research note on Tuesday, July 28th. Scotiabank restated a “sector perform” rating and set a $130.00 target price on shares of CommVault Systems in a research note on Wednesday, July 29th. Oppenheimer upped their price target on shares of CommVault Systems from $150.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Mizuho raised their price objective on shares of CommVault Systems from $140.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. Finally, Truist Financial boosted their price objective on CommVault Systems from $155.00 to $182.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, CommVault Systems currently has a consensus rating of “Moderate Buy” and an average target price of $152.47.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CVLT. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of CommVault Systems in the second quarter valued at approximately $27,000. State of Wyoming acquired a new stake in CommVault Systems during the second quarter worth approximately $35,000. Banque Cantonale Vaudoise bought a new position in CommVault Systems during the 3rd quarter worth $39,000. Silvant Capital Management LLC bought a new position in CommVault Systems during the 2nd quarter worth $30,000. Finally, Advisory Services Network LLC acquired a new position in CommVault Systems in the 3rd quarter valued at $47,000. 93.50% of the stock is owned by institutional investors.

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.