CommVault Systems (NASDAQ:CVLT) Now Covered by Jefferies Financial Group

Jefferies Financial Group started coverage on shares of CommVault Systems (NASDAQ:CVLT) in a research report sent to investors on Monday morning, MarketBeat.com reports. The brokerage issued a hold rating and a $105.00 price objective on the software maker’s stock.

CVLT has been the subject of a number of other research reports. Wall Street Zen lowered shares of CommVault Systems from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Cantor Fitzgerald dropped their target price on shares of CommVault Systems from $144.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, January 28th. Guggenheim dropped their target price on shares of CommVault Systems from $200.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CommVault Systems in a report on Wednesday, January 21st. Finally, William Blair reissued a “market perform” rating on shares of CommVault Systems in a report on Monday, March 23rd. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $132.87.

CommVault Systems Price Performance

CommVault Systems stock opened at $88.41 on Monday. CommVault Systems has a 52-week low of $71.75 and a 52-week high of $200.68. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 45.57 and a beta of 0.63. The company has a fifty day simple moving average of $85.04 and a 200-day simple moving average of $111.20. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 4.06.

CommVault Systems (NASDAQ:CVLT) last released its 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 during the quarter, compared to analyst estimates of $299.07 million. During the same quarter in the prior year, the firm earned $0.94 earnings per share. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. On average, equities analysts anticipate that CommVault Systems will post 2.15 EPS for the current fiscal year.

Insider Transactions at CommVault Systems

In related news, CEO Sanjay Mirchandani sold 10,052 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $80.09, for a total value of $805,064.68. Following the completion of the sale, the chief executive officer owned 332,529 shares of the company’s stock, valued at approximately $26,632,247.61. This represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Gary Merrill sold 1,892 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $91.28, for a total transaction of $172,701.76. Following the completion of the sale, the insider directly owned 62,833 shares of the company’s stock, valued at $5,735,396.24. This represents a 2.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 31,355 shares of company stock valued at $2,613,165 in the last three months. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CVLT. Cullen Frost Bankers Inc. raised its holdings in CommVault Systems by 43.8% in the third quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock valued at $46,000 after acquiring an additional 74 shares in the last quarter. JSF Financial LLC raised its holdings in CommVault Systems by 1.1% in the third quarter. JSF Financial LLC now owns 7,345 shares of the software maker’s stock valued at $1,387,000 after acquiring an additional 82 shares in the last quarter. Assetmark Inc. raised its holdings in CommVault Systems by 33.6% in 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 in the last quarter. Farther Finance Advisors LLC raised its holdings in CommVault Systems by 17.1% in the third quarter. Farther Finance Advisors LLC now owns 652 shares of the software maker’s stock valued at $123,000 after acquiring an additional 95 shares in the last quarter. Finally, Diversify Wealth Management LLC raised its holdings in CommVault Systems by 1.6% in the third quarter. Diversify Wealth Management LLC now owns 7,060 shares of the software maker’s stock valued at $1,333,000 after acquiring an additional 110 shares in 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.