CommVault Systems (NASDAQ:CVLT) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded CommVault Systems from “buy” to “hold.” Despite the downgrade, the broader analyst consensus remains “Moderate Buy,” with an average price target of $152.47.
• CommVault reported quarterly EPS of $1.42, exceeding the $1.16 consensus estimate, while revenue rose 11.4% year over year to $314.13 million.
• The stock opened at $147.09, down 2.7%, and has a market capitalization of approximately $6.10 billion. Insiders sold 56,350 shares worth about $5.93 million over the past 90 days.

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

Other analysts have also issued research reports about the stock. DA Davidson set a $175.00 price objective on shares of CommVault Systems in a report on Wednesday, July 29th. Guggenheim reissued a "buy" rating on shares of CommVault Systems in a report on Tuesday, July 28th. Mizuho increased their price target on CommVault Systems from $140.00 to $175.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 15th. Scotiabank restated a "sector perform" rating and set a $130.00 price target on shares of CommVault Systems in a research report on Wednesday, July 29th. Finally, Piper Sandler cut CommVault Systems from an "overweight" rating to a "neutral" rating and set a $133.00 price target for the company. in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $152.47.

CommVault Systems Stock Down 2.7%

CVLT opened at $147.09 on Friday. The firm's 50-day simple moving average is $137.29 and its 200-day simple moving average is $108.03. The company has a debt-to-equity ratio of 16.94, a quick ratio of 2.04 and a current ratio of 2.04. CommVault Systems has a twelve month low of $71.75 and a twelve month high of $198.18. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 93.69 and a beta of 0.81.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last announced its earnings results on Tuesday, July 28th. The software maker reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.26. The business had revenue of $314.13 million during the quarter, compared to analysts' expectations of $310.43 million. CommVault Systems had a net margin of 5.62% and a return on equity of 88.75%. The firm's revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the company posted $1.01 EPS. Equities research analysts anticipate that CommVault Systems will post 2.84 EPS for the current fiscal year.

Insider Transactions at CommVault Systems

In other news, Director A Shane Sanders sold 476 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 $63,874.44. Following the sale, the director directly owned 8,696 shares of the company's stock, valued at $1,166,916.24. This represents a 5.19% 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. Also, 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 sale, the director directly owned 15,140 shares in the company, valued at $2,031,636.60. This trade represents a 3.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 56,350 shares of company stock worth $5,930,275. Corporate insiders own 0.86% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CVLT. Versant Capital Management Inc increased its stake in shares of CommVault Systems by 15.8% in the 2nd quarter. Versant Capital Management Inc now owns 595 shares of the software maker's stock valued at $84,000 after buying an additional 81 shares during the period. Assetmark Inc. lifted its stake in shares of CommVault Systems by 33.6% during the fourth quarter. Assetmark Inc. now owns 326 shares of the software maker's stock valued at $41,000 after acquiring an additional 82 shares during the period. Captrust Financial Advisors lifted its stake in shares of CommVault Systems by 7.2% during the fourth quarter. Captrust Financial Advisors now owns 2,153 shares of the software maker's stock valued at $270,000 after acquiring an additional 145 shares during the period. MML Investors Services LLC lifted its stake in shares of CommVault Systems by 6.7% during the fourth quarter. MML Investors Services LLC now owns 2,361 shares of the software maker's stock valued at $296,000 after acquiring an additional 149 shares during the period. Finally, Madison Asset Management LLC boosted its holdings in CommVault Systems by 0.6% in the fourth quarter. Madison Asset Management LLC now owns 23,947 shares of the software maker's stock valued at $3,002,000 after acquiring an additional 153 shares during the last quarter. 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.

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