CommVault Systems (NASDAQ:CVLT) Director Sells 595 Shares

CommVault Systems, Inc. (NASDAQ:CVLT) Director Vivie Lee sold 595 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 transaction of $79,843.05. Following the transaction, the director directly owned 15,140 shares of the company’s stock, valued at $2,031,636.60. This represents a 3.78% 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 hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CommVault Systems Stock Performance

Shares of CVLT stock traded up $4.16 during trading hours on Monday, hitting $139.43. 1,093,094 shares of the company were exchanged, compared to its average volume of 960,106. 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 stock has a market capitalization of $5.78 billion, a price-to-earnings ratio of 88.81 and a beta of 0.81. The firm has a fifty day simple moving average of $135.03 and a 200 day simple moving average of $107.14. CommVault Systems, Inc. has a 52-week low of $71.75 and a 52-week high of $198.18.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings data on Tuesday, July 28th. The software maker reported $1.42 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $310.43 million. During the same quarter in the prior year, the business earned $1.01 earnings per share. CommVault Systems’s revenue for the quarter was up 11.4% on a year-over-year basis. Research analysts predict that CommVault Systems, Inc. will post 2.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Guggenheim reiterated a “buy” rating on shares of CommVault Systems in a research note on Tuesday, July 28th. Royal Bank Of Canada boosted their price objective on CommVault Systems from $100.00 to $110.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 29th. Wolfe Research started coverage on shares of CommVault Systems in a report on Friday, May 1st. They set a “peer perform” rating on the stock. Truist Financial increased their target price on shares of CommVault Systems from $155.00 to $182.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Finally, Wall Street Zen upgraded shares of CommVault Systems from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, CommVault Systems currently has a consensus rating of “Moderate Buy” and an average price target of $152.47.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CVLT. BlackRock Inc. bought a new position in shares of CommVault Systems in the second quarter worth approximately $855,420,000. M&T Bank Corp lifted its position in CommVault Systems by 22,133.9% during the fourth quarter. M&T Bank Corp now owns 610,098 shares of the software maker’s stock valued at $76,482,000 after purchasing an additional 607,354 shares during the last quarter. TD Asset Management Inc grew its stake in CommVault Systems by 14,047.5% in the 4th quarter. TD Asset Management Inc now owns 381,982 shares of the software maker’s stock worth $47,885,000 after buying an additional 379,282 shares in the last quarter. AQR Capital Management LLC grew its stake in CommVault Systems by 60.8% in the 2nd quarter. AQR Capital Management LLC now owns 893,385 shares of the software maker’s stock worth $155,744,000 after buying an additional 337,830 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in shares of CommVault Systems by 36.2% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,239,225 shares of the software maker’s stock worth $96,447,000 after buying an additional 329,243 shares during the last quarter. Hedge funds and other institutional investors 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.