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

CommVault Systems, Inc. (NASDAQ:CVLT)’s stock price hit a new 52-week low on Friday . The company traded as low as $77.36 and last traded at $77.52, with a volume of 67759 shares traded. The stock had previously closed at $79.80.

Analyst Ratings Changes

A number of brokerages have issued reports on CVLT. DA Davidson reduced their price target on shares of CommVault Systems from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, March 17th. Mizuho dropped their price objective on shares of CommVault Systems from $180.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, January 28th. KeyCorp cut their price objective 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. Zacks Research raised CommVault Systems from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. Finally, Piper Sandler dropped their price target on CommVault Systems from $186.00 to $155.00 and set an “overweight” rating for the company in a research note on Monday, January 5th. Two research 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 company’s stock. According to MarketBeat.com, CommVault Systems has an average rating of “Moderate Buy” and an average target price of $142.75.

CommVault Systems Stock Performance

The firm has a market capitalization of $3.49 billion, a PE ratio of 40.93 and a beta of 0.59. The business has a 50-day simple moving average of $93.90 and a 200-day simple moving average of $129.73. 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 released its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.17 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.19. The company had revenue of $313.83 million for the quarter, compared to analyst estimates of $299.07 million. CommVault Systems had a return on equity of 37.38% and a net margin of 7.58%.CommVault Systems’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.94 EPS. Equities research analysts expect that CommVault Systems, Inc. will post 1.65 earnings per share for the current fiscal year.

Insider Transactions at CommVault Systems

In other CommVault Systems news, insider Gary Merrill sold 2,593 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $90.28, for a total value of $234,096.04. Following the completion of the sale, the insider owned 64,725 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sanjay Mirchandani sold 10,338 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $78.96, for a total value of $816,288.48. Following the transaction, the chief executive officer 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. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 31,355 shares of company stock valued at $2,613,165. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CommVault Systems

A number of institutional investors and hedge funds have recently modified their holdings of CVLT. State of Wyoming purchased a new stake in CommVault Systems in the second quarter worth $35,000. FNY Investment Advisers LLC purchased a new stake in shares of CommVault Systems during the fourth quarter valued at $36,000. Banque Cantonale Vaudoise purchased a new stake in shares of CommVault Systems during the third quarter valued at $39,000. Assetmark Inc. grew its holdings in shares of CommVault Systems by 33.6% in the fourth quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock worth $41,000 after purchasing an additional 82 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its holdings in shares of CommVault Systems by 43.8% in the third quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock worth $46,000 after purchasing an additional 74 shares during the last quarter. 93.50% of the stock is 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.