CommVault Systems (NASDAQ:CVLT) Now Covered by Analysts at Wolfe Research

Wolfe Research started coverage on shares of CommVault Systems (NASDAQ:CVLT) in a research report issued on Friday. The firm set a “peer perform” rating on the software maker’s stock.

CVLT has been the subject of a number of other research reports. Robert W. Baird reduced their price target on CommVault Systems from $185.00 to $160.00 and set an “outperform” rating for the company in a report on Monday, April 13th. Zacks Research upgraded CommVault Systems from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. Wells Fargo & Company decreased their price target on shares of CommVault Systems from $190.00 to $155.00 and set an “overweight” rating for the company in a research report on Wednesday, January 28th. Stephens cut their price target on shares of CommVault Systems from $162.00 to $135.00 and set an “overweight” rating on the stock in a report on Wednesday, January 28th. Finally, Oppenheimer decreased their price objective on shares of CommVault Systems from $180.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, CommVault Systems has an average rating of “Moderate Buy” and a consensus target price of $135.00.

CommVault Systems Stock Performance

CommVault Systems stock opened at $98.88 on Friday. CommVault Systems has a 12-month low of $71.75 and a 12-month high of $200.68. The company has a debt-to-equity ratio of 117.54, a current ratio of 1.95 and a quick ratio of 2.34. The company has a market capitalization of $4.35 billion, a price-to-earnings ratio of 62.19 and a beta of 0.63. The firm’s fifty day moving average price is $85.57 and its 200 day moving average price is $110.54.

CommVault Systems (NASDAQ:CVLT) last announced its earnings results on Tuesday, April 28th. The software maker reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.19. CommVault Systems had a return on equity of 51.64% and a net margin of 5.97%.The company had revenue of $311.69 million during the quarter, compared to the consensus estimate of $306.71 million. During the same period last year, the firm earned $1.03 earnings per share. The company’s revenue was up 13.3% on a year-over-year basis. On average, research analysts forecast that CommVault Systems will post 2.72 EPS for the current fiscal year.

Insider Activity at CommVault Systems

In other news, CEO Sanjay Mirchandani sold 10,338 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $78.96, for a total transaction of $816,288.48. Following the sale, the chief executive officer directly owned 342,581 shares in the company, valued at approximately $27,050,195.76. This represents a 2.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gary Merrill sold 2,593 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $90.28, for a total value of $234,096.04. Following the transaction, the insider owned 64,725 shares of the company’s stock, valued at $5,843,373. This represents a 3.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 31,355 shares of company stock valued at $2,613,165 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CVLT. Cullen Frost Bankers Inc. boosted its holdings in shares of CommVault Systems by 43.8% in the third quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock valued at $46,000 after acquiring an additional 74 shares in the last quarter. JSF Financial LLC raised its holdings in CommVault Systems by 1.1% during the third quarter. JSF Financial LLC now owns 7,345 shares of the software maker’s stock worth $1,387,000 after purchasing an additional 82 shares in the last quarter. Assetmark Inc. lifted its position in CommVault Systems by 33.6% in the fourth quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock worth $41,000 after purchasing an additional 82 shares during the period. Farther Finance Advisors LLC boosted its stake in CommVault Systems by 17.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 652 shares of the software maker’s stock valued at $123,000 after purchasing an additional 95 shares in the last quarter. Finally, Diversify Wealth Management LLC increased its position in shares of CommVault Systems by 1.6% during the 3rd quarter. Diversify Wealth Management LLC now owns 7,060 shares of the software maker’s stock valued at $1,333,000 after purchasing an additional 110 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

About CommVault Systems

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.