CommVault Systems (NASDAQ:CVLT) Receives Market Perform Rating from William Blair

CommVault Systems (NASDAQ:CVLT)‘s stock had its “market perform” rating reissued by research analysts at William Blair in a report issued on Monday, MarketBeat reports.

Several other brokerages also recently weighed in on CVLT. Royal Bank Of Canada dropped their target price on CommVault Systems from $167.00 to $100.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 28th. Piper Sandler lowered their price target on CommVault Systems from $186.00 to $155.00 and set an “overweight” rating for the company in a report on Monday, January 5th. Weiss Ratings restated a “hold (c)” rating on shares of CommVault Systems in a research note on Wednesday, January 21st. Stephens decreased their price objective on shares of CommVault Systems from $162.00 to $135.00 and set an “overweight” rating for the company in a research report on Wednesday, January 28th. Finally, Mizuho dropped their target price on shares of CommVault Systems from $180.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, CommVault Systems currently has a consensus rating of “Moderate Buy” and an average target price of $142.75.

CommVault Systems Price Performance

Shares of CVLT opened at $79.41 on Monday. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 40.93 and a beta of 0.59. CommVault Systems has a twelve month low of $76.99 and a twelve month high of $200.68. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 4.06. The company has a 50 day moving average of $93.90 and a two-hundred day moving average of $129.38.

CommVault Systems (NASDAQ:CVLT) last issued 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. CommVault Systems had a return on equity of 37.38% and a net margin of 7.58%.The business had revenue of $313.83 million for the quarter, compared to the consensus estimate of $299.07 million. During the same period in the prior year, the firm posted $0.94 earnings per share. The business’s quarterly revenue was up 19.5% on a year-over-year basis. As a group, analysts predict that CommVault Systems will post 1.65 earnings per share for the current fiscal year.

Insider Transactions at CommVault Systems

In other news, insider Gary Merrill sold 2,593 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $90.28, for a total value of $234,096.04. Following the completion of the transaction, the insider directly owned 64,725 shares in the company, valued at $5,843,373. This trade represents a 3.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Sanjay Mirchandani sold 10,338 shares of CommVault Systems stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $78.96, for a total value of $816,288.48. Following the sale, the chief executive officer directly owned 342,581 shares of the company’s stock, valued at $27,050,195.76. This trade represents a 2.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 31,355 shares of company stock worth $2,613,165 over the last three months. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

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