CommVault Systems (NASDAQ:CVLT) Now Covered by Analysts at FBN Securities

Key Points

• FBN Securities initiated coverage of CommVault Systems with an “outperform” rating and a $155 price target, implying 16.57% upside. Analysts overall assign the stock a “Moderate Buy” consensus rating with an average target of $152.62.
• CommVault reported quarterly earnings of $1.42 per share, exceeding the $1.16 consensus estimate, while revenue rose 11.4% year over year to $314.13 million.
• CVLT shares traded at $132.96, with a $5.51 billion market capitalization; institutional investors own 93.5% of the stock, while company insiders sold shares primarily to cover tax obligations under pre-arranged trading plans.

Analysts at FBN Securities started coverage on shares of CommVault Systems (NASDAQ:CVLT - Get Free Report) in a research report issued on Thursday, Marketbeat.com reports. The brokerage set an "outperform" rating and a $155.00 price target on the software maker's stock. FBN Securities' price target would suggest a potential upside of 16.57% from the stock's current price.

Several other research analysts also recently commented on the company. Scotiabank reaffirmed a "sector perform" rating and set a $130.00 target price on shares of CommVault Systems in a report on Wednesday, July 29th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $130.00 price objective on shares of CommVault Systems in a research note on Wednesday, July 29th. Wall Street Zen cut CommVault Systems from a "buy" rating to a "hold" rating in a report on Saturday, September 5th. Piper Sandler downgraded shares of CommVault Systems from an "overweight" rating to a "neutral" rating and set a $133.00 target price for the company. in a research report on Tuesday, July 28th. Finally, Oppenheimer raised their price target on shares of CommVault Systems from $150.00 to $175.00 and gave the stock an "outperform" rating in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $152.62.

CommVault Systems Price Performance

CVLT stock traded down $0.40 during midday trading on Thursday, reaching $132.96. 13,369 shares of the stock were exchanged, compared to its average volume of 898,194. The company has a debt-to-equity ratio of 16.94, a current ratio of 2.04 and a quick ratio of 2.04. The stock has a market capitalization of $5.51 billion, a PE ratio of 84.92 and a beta of 0.82. CommVault Systems has a 52 week low of $71.75 and a 52 week high of $198.18. The company has a fifty day moving average price of $138.97 and a 200 day moving average price of $113.99.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last released its quarterly earnings results 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 return on equity of 88.75% and a net margin of 5.62%.The company had revenue of $314.13 million for the quarter, compared to analysts' expectations of $310.43 million. During the same period in the previous year, the business posted $1.01 earnings per share. The business's quarterly revenue was up 11.4% compared to the same quarter last year. As a group, analysts expect that CommVault Systems will post 2.84 EPS for the current fiscal year.

Insider Buying and Selling at CommVault Systems

In other news, CEO Sanjay Mirchandani sold 6,857 shares of the firm's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $142.80, for a total transaction of $979,179.60. Following the completion of the sale, the chief executive officer owned 257,676 shares of the company's stock, valued at $36,796,132.80. This trade represents a 2.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Gary Merrill sold 1,293 shares of CommVault Systems stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $142.80, for a total transaction of $184,640.40. Following the completion of the sale, the chief financial officer owned 69,628 shares of the company's stock, valued at $9,942,878.40. This represents a 1.82% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 29,602 shares of company stock valued at $4,240,541 over the last ninety days. Insiders own 0.86% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Transamerica Financial Advisors LLC bought a new stake in CommVault Systems in the second quarter valued at $25,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of CommVault Systems during the second quarter valued at about $27,000. Silvant Capital Management LLC bought a new position in shares of CommVault Systems during the 2nd quarter worth about $30,000. State of Wyoming bought a new position in shares of CommVault Systems during the 2nd quarter worth about $35,000. Finally, Essential Partners LLC grew its stake in shares of CommVault Systems by 9,920.0% in the 1st quarter. Essential Partners LLC now owns 501 shares of the software maker's stock valued at $39,000 after buying an additional 496 shares during the period. 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.

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