CommVault Systems (NASDAQ:CVLT) Stock Price Down 5.2% - Here's Why

Key Points

• CommVault Systems stock experienced a significant decline of 5.2% on Tuesday, closing at $168.95, a drop from its previous close of $178.20.
• Despite the stock's recent decline, several analysts are optimistic, with target price upgrades from firms like DA Davidson and Wells Fargo, projecting prices up to $220.00.
• The company's latest quarterly earnings report showed $1.01 earnings per share, surpassing estimates and indicating a revenue growth of 26% year-over-year.

CommVault Systems, Inc. (NASDAQ:CVLT - Get Free Report) dropped 5.2% on Tuesday . The stock traded as low as $168.38 and last traded at $168.95. Approximately 137,926 shares were traded during trading, a decline of 74% from the average daily volume of 527,805 shares. The stock had previously closed at $178.20.

Wall Street Analysts Forecast Growth

Several research firms have commented on CVLT. DA Davidson increased their target price on CommVault Systems from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Piper Sandler raised their price objective on shares of CommVault Systems from $168.00 to $170.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Royal Bank Of Canada boosted their target price on shares of CommVault Systems from $185.00 to $217.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. Wells Fargo & Company lifted their price target on shares of CommVault Systems from $190.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Finally, Guggenheim set a $220.00 target price on CommVault Systems in a research report on Tuesday, July 29th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, CommVault Systems has an average rating of "Moderate Buy" and an average target price of $205.63.

CommVault Systems Stock Down 6.5%

The stock's 50-day simple moving average is $184.69 and its 200 day simple moving average is $174.87. The firm has a market cap of $7.41 billion, a P/E ratio of 92.78 and a beta of 0.72.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The software maker reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.04. CommVault Systems had a return on equity of 30.83% and a net margin of 7.70%.The company had revenue of $281.98 million for the quarter, compared to the consensus estimate of $267.83 million. The firm's quarterly revenue was up 26% compared to the same quarter last year. CommVault Systems has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, research analysts forecast that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.

Insider Activity at CommVault Systems

In other news, CEO Sanjay Mirchandani sold 11,320 shares of CommVault Systems stock in a transaction on Monday, August 18th. The shares were sold at an average price of $177.83, for a total value of $2,013,035.60. Following the completion of the sale, the chief executive officer owned 458,361 shares in the company, valued at $81,510,336.63. The trade was a 2.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Gary Merrill sold 15,244 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $178.01, for a total transaction of $2,713,584.44. Following the transaction, the insider directly owned 71,837 shares in the company, valued at approximately $12,787,704.37. This represents a 17.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,942 shares of company stock worth $10,019,157. Corporate insiders own 1.00% of the company's stock.

Institutional Trading of CommVault Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new stake in CommVault Systems in the first quarter valued at approximately $243,000. Asset Management One Co. Ltd. acquired a new position in CommVault Systems during the first quarter worth $1,229,000. Principal Financial Group Inc. lifted its stake in shares of CommVault Systems by 1.4% in the first quarter. Principal Financial Group Inc. now owns 122,042 shares of the software maker's stock valued at $19,253,000 after buying an additional 1,668 shares in the last quarter. Yorktown Management & Research Co Inc acquired a new position in shares of CommVault Systems during the first quarter valued at about $260,000. Finally, Harbor Capital Advisors Inc. increased its position in shares of CommVault Systems by 40,181.8% during the first quarter. Harbor Capital Advisors Inc. now owns 8,862 shares of the software maker's stock worth $1,398,000 after acquiring an additional 8,840 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

CommVault Systems Company Profile

Commvault Systems, Inc provides data protection platform that helps customers to secure, defend, and recover their data in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls.

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