CommVault Systems (NASDAQ:CVLT) Given New $125.00 Price Target at DA Davidson

CommVault Systems (NASDAQ:CVLT) had its target price lowered by investment analysts at DA Davidson from $135.00 to $125.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the software maker’s stock. DA Davidson’s price target indicates a potential upside of 54.94% from the stock’s previous close.

Several other research analysts have also weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of CommVault Systems in a research report on Wednesday, January 21st. Stephens lowered their price target on CommVault Systems from $162.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday, January 28th. Truist Financial restated a “buy” rating and issued a $155.00 price objective (down from $175.00) on shares of CommVault Systems in a report on Wednesday, January 28th. Cantor Fitzgerald decreased their target price on shares of CommVault Systems from $144.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 28th. Finally, Mizuho lowered their target price on shares of CommVault Systems from $180.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $142.75.

CommVault Systems Trading Up 0.8%

Shares of CVLT traded up $0.63 during mid-day trading on Tuesday, reaching $80.67. The stock had a trading volume of 160,925 shares, compared to its average volume of 1,063,418. CommVault Systems has a 52-week low of $77.79 and a 52-week high of $200.68. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 41.53 and a beta of 0.59. The business’s fifty day moving average is $97.55 and its 200 day moving average is $132.27. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.34 and a quick ratio of 2.34.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.19. The business had revenue of $313.83 million during the quarter, compared to the consensus estimate of $299.07 million. CommVault Systems had a net margin of 7.58% and a return on equity of 37.38%. The business’s revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.94 EPS. On average, sell-side analysts predict that CommVault Systems will post 1.65 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Gary Merrill sold 1,892 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $91.28, for a total value of $172,701.76. Following the sale, the insider owned 62,833 shares in the company, valued at approximately $5,735,396.24. The trade was a 2.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sanjay Mirchandani sold 6,480 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $90.28, for a total value of $585,014.40. Following the transaction, the chief executive officer directly owned 352,919 shares in the company, valued at approximately $31,861,527.32. The trade was a 1.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 10,965 shares of company stock valued at $991,812 over the last ninety days. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tudor Investment Corp ET AL acquired a new stake in CommVault Systems in the 3rd quarter valued at about $1,887,800,000. Vanguard Group Inc. increased its stake in shares of CommVault Systems by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 5,675,590 shares of the software maker’s stock worth $711,492,000 after buying an additional 240,093 shares during the period. First Trust Advisors LP raised its holdings in CommVault Systems by 25.5% in the fourth quarter. First Trust Advisors LP now owns 1,537,034 shares of the software maker’s stock valued at $192,683,000 after acquiring an additional 312,178 shares in the last quarter. Westfield Capital Management Co. LP lifted its stake in CommVault Systems by 34.5% in the fourth quarter. Westfield Capital Management Co. LP now owns 1,057,077 shares of the software maker’s stock worth $132,515,000 after acquiring an additional 270,902 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its holdings in CommVault Systems by 17.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 909,982 shares of the software maker’s stock worth $114,124,000 after acquiring an additional 138,091 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

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.