Commvault Systems, Inc. (NASDAQ:CVLT - Get Free Report)'s share price reached a new 52-week high on Thursday . The stock traded as high as $101.41 and last traded at $101.39, with a volume of 26939 shares. The stock had previously closed at $100.26.
Analyst Ratings Changes
CVLT has been the subject of several analyst reports. Royal Bank of Canada upped their target price on Commvault Systems from $86.00 to $97.00 and gave the company a "sector perform" rating in a research note on Wednesday, January 31st. KeyCorp upgraded shares of Commvault Systems from a "sector weight" rating to an "overweight" rating and set a $109.00 price objective on the stock in a research note on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $85.60.
View Our Latest Report on CVLT
Commvault Systems Stock Performance
The firm has a market cap of $4.44 billion, a price-to-earnings ratio of -3,379.87 and a beta of 0.61. The firm's 50 day moving average is $93.86 and its 200-day moving average is $79.49.
Commvault Systems (NASDAQ:CVLT - Get Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The software maker reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.05. The company had revenue of $216.81 million for the quarter, compared to the consensus estimate of $208.01 million. Commvault Systems had a negative net margin of 0.09% and a positive return on equity of 32.27%. The business's revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 EPS. As a group, research analysts predict that Commvault Systems, Inc. will post 1.35 EPS for the current year.
Insider Transactions at Commvault Systems
In other news, CFO Gary Merrill sold 822 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $97.25, for a total value of $79,939.50. Following the completion of the sale, the chief financial officer now owns 87,945 shares of the company's stock, valued at approximately $8,552,651.25. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Allison Pickens sold 990 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $94.73, for a total value of $93,782.70. Following the completion of the transaction, the director now owns 7,206 shares of the company's stock, valued at approximately $682,624.38. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Gary Merrill sold 822 shares of Commvault Systems stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $97.25, for a total value of $79,939.50. Following the sale, the chief financial officer now directly owns 87,945 shares in the company, valued at $8,552,651.25. The disclosure for this sale can be found here. Insiders have sold 23,306 shares of company stock worth $2,276,265 in the last three months. Insiders own 1.00% of the company's stock.
Institutional Investors Weigh In On Commvault Systems
Institutional investors have recently modified their holdings of the company. Quarry LP bought a new position in Commvault Systems during the first quarter worth $26,000. Captrust Financial Advisors lifted its stake in shares of Commvault Systems by 64.0% in the second quarter. Captrust Financial Advisors now owns 510 shares of the software maker's stock valued at $32,000 after buying an additional 199 shares in the last quarter. Altshuler Shaham Ltd bought a new stake in shares of Commvault Systems during the fourth quarter worth about $33,000. Quantbot Technologies LP acquired a new stake in shares of Commvault Systems in the 2nd quarter worth about $64,000. Finally, Headlands Technologies LLC acquired a new position in Commvault Systems during the 4th quarter valued at about $67,000. 93.50% of the stock is owned by institutional investors.
About Commvault Systems
(
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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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