CommVault Systems (NASDAQ:CVLT) Reaches New 1-Year Low – Should You Sell?

CommVault Systems, Inc. (NASDAQ:CVLT) shares reached a new 52-week low during trading on Friday . The company traded as low as $78.39 and last traded at $78.4370, with a volume of 234147 shares changing hands. The stock had previously closed at $80.85.

Wall Street Analysts Forecast Growth

CVLT has been the topic of several research analyst reports. Guggenheim decreased their price target on shares of CommVault Systems from $200.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Royal Bank Of Canada dropped their price objective on CommVault Systems from $167.00 to $100.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 28th. KeyCorp reduced their target price on CommVault Systems from $152.00 to $108.00 and set an “overweight” rating for the company in a research report on Wednesday, January 28th. Weiss Ratings restated a “hold (c)” rating on shares of CommVault Systems in a research note on Wednesday, January 21st. Finally, Zacks Research raised CommVault Systems from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $143.58.

CommVault Systems Stock Down 2.3%

The company has a market capitalization of $3.47 billion, a P/E ratio of 40.70 and a beta of 0.59. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 4.06. The stock’s fifty day moving average is $98.46 and its 200 day moving average is $133.39.

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. CommVault Systems had a net margin of 7.58% and a return on equity of 37.38%. The business had revenue of $313.83 million for the quarter, compared to analyst estimates of $299.07 million. During the same quarter last year, the firm earned $0.94 EPS. The company’s revenue was up 19.5% on a year-over-year basis. Research analysts predict that CommVault Systems, Inc. will post 1.65 EPS for the current fiscal year.

Insider Transactions at CommVault Systems

In related news, insider Gary Merrill sold 1,892 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $91.28, for a total transaction of $172,701.76. Following the transaction, the insider owned 62,833 shares in the company, valued at $5,735,396.24. The trade was a 2.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sanjay Mirchandani sold 6,480 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were 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 of the company’s stock, valued at $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. Over the last quarter, insiders have sold 10,965 shares of company stock valued at $991,812. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CommVault Systems

A number of large investors have recently made changes to their positions in CVLT. Pacer Advisors Inc. increased its stake in shares of CommVault Systems by 61.6% during the fourth quarter. Pacer Advisors Inc. now owns 13,641 shares of the software maker’s stock valued at $1,710,000 after buying an additional 5,201 shares during the period. Mackenzie Financial Corp raised its holdings in shares of CommVault Systems by 7,231.7% during the fourth quarter. Mackenzie Financial Corp now owns 205,653 shares of the software maker’s stock valued at $26,023,000 after acquiring an additional 202,848 shares in the last quarter. XTX Topco Ltd purchased a new stake in CommVault Systems in the fourth quarter worth $1,289,000. Wellington Management Group LLP lifted its stake in CommVault Systems by 102.4% in the fourth quarter. Wellington Management Group LLP now owns 281,555 shares of the software maker’s stock worth $35,296,000 after acquiring an additional 142,481 shares during the period. Finally, Polymer Capital Management US LLC boosted its holdings in CommVault Systems by 91.2% in the fourth quarter. Polymer Capital Management US LLC now owns 3,226 shares of the software maker’s stock valued at $404,000 after acquiring an additional 1,539 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

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.