CommVault Systems (NASDAQ:CVLT) Raised to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded CommVault Systems from “hold” to “buy,” contributing to a broader consensus “Moderate Buy” rating and an average price target of $152.47.
• CommVault reported quarterly EPS of $1.42, exceeding estimates of $1.16, while revenue reached $314.13 million and rose 11.4% year over year.
• Insiders sold shares worth about $4.76 million over the past three months, while institutional investors continued to hold a substantial 93.5% of the company’s stock.

CommVault Systems (NASDAQ:CVLT - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Sunday.

Several other equities research analysts have also recently weighed in on the stock. Wolfe Research started coverage on shares of CommVault Systems in a research report on Friday, May 1st. They set a "peer perform" rating for the company. DA Davidson set a $175.00 price objective on CommVault Systems in a research report on Wednesday, July 29th. Cantor Fitzgerald restated a "neutral" rating and issued a $132.00 target price on shares of CommVault Systems in a research report on Monday, July 27th. UBS Group restated a "neutral" rating on shares of CommVault Systems in a report on Monday, July 27th. Finally, Royal Bank Of Canada boosted their price objective on shares of CommVault Systems from $100.00 to $110.00 and gave the stock a "sector perform" rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $152.47.

CommVault Systems Stock Performance

Shares of NASDAQ:CVLT opened at $133.81 on Friday. The firm has a market cap of $5.55 billion, a PE ratio of 85.23 and a beta of 0.81. CommVault Systems has a 12-month low of $71.75 and a 12-month high of $198.18. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 16.94. The company's 50 day moving average price is $138.61 and its two-hundred day moving average price is $109.49.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $310.43 million. CommVault Systems had a return on equity of 88.75% and a net margin of 5.62%.The company's revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the company earned $1.01 EPS. Equities research analysts predict that CommVault Systems will post 2.84 earnings per share for the current year.

Insider Activity

In other CommVault Systems news, CEO Sanjay Mirchandani sold 12,437 shares of the company's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $143.98, for a total transaction of $1,790,679.26. Following the sale, the chief executive officer directly owned 269,373 shares of the company's stock, valued at $38,784,324.54. This represents a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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, Director A Shane Sanders sold 476 shares of the business's 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 $63,874.44. Following the completion of the sale, the director directly owned 8,696 shares in the company, valued at approximately $1,166,916.24. This trade represents a 5.19% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 34,433 shares of company stock worth $4,756,008. 0.86% of the stock is owned by company insiders.

Hedge Funds Weigh In On CommVault Systems

Several hedge funds have recently bought and sold shares of the company. Intech Investment Management LLC raised its position in shares of CommVault Systems by 52.4% in the fourth quarter. Intech Investment Management LLC now owns 86,634 shares of the software maker's stock worth $10,860,000 after buying an additional 29,796 shares in the last quarter. Epoch Investment Partners Inc. purchased a new position in CommVault Systems during the fourth quarter worth about $27,278,000. Madison Asset Management LLC grew its position in CommVault Systems by 39.7% during the first quarter. Madison Asset Management LLC now owns 33,459 shares of the software maker's stock worth $2,606,000 after buying an additional 9,512 shares in the last quarter. BNP Paribas Financial Markets increased its stake in CommVault Systems by 410.8% in the 4th quarter. BNP Paribas Financial Markets now owns 320,468 shares of the software maker's stock worth $40,174,000 after acquiring an additional 257,729 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its stake in CommVault Systems by 64.3% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 273,206 shares of the software maker's stock worth $21,280,000 after acquiring an additional 106,970 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

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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