Wall Street Zen Downgrades CommVault Systems (NASDAQ:CVLT) to Hold

CommVault Systems (NASDAQ:CVLT) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Other research analysts also recently issued reports about the stock. Loop Capital started coverage on shares of CommVault Systems in a research report on Tuesday. They issued a “buy” rating and a $125.00 price target on the stock. Wells Fargo & Company lowered their price objective on shares of CommVault Systems from $190.00 to $155.00 and set an “overweight” rating for the company in a research report on Wednesday, January 28th. Zacks Research raised shares of CommVault Systems from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. Guggenheim decreased their target price on CommVault Systems from $200.00 to $175.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Finally, Piper Sandler lowered their target price on CommVault Systems from $186.00 to $155.00 and set an “overweight” rating for the company in a report on Monday, January 5th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $141.38.

CommVault Systems Price Performance

Shares of CVLT opened at $76.08 on Friday. CommVault Systems has a 52 week low of $76.06 and a 52 week high of $200.68. 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 firm has a market cap of $3.35 billion, a price-to-earnings ratio of 39.22 and a beta of 0.59. The stock has a 50 day moving average of $89.33 and a 200-day moving average of $126.58.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.19. The firm had revenue of $313.83 million for the quarter, compared to analysts’ expectations of $299.07 million. CommVault Systems had a return on equity of 37.38% and a net margin of 7.58%.The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period last year, the business posted $0.94 earnings per share. As a group, analysts forecast that CommVault Systems will post 1.65 EPS for the current year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On CommVault Systems

Large investors have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. lifted its stake in shares of CommVault Systems by 43.8% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock worth $46,000 after acquiring an additional 74 shares during the period. JSF Financial LLC raised its holdings in CommVault Systems by 1.1% during the third quarter. JSF Financial LLC now owns 7,345 shares of the software maker’s stock worth $1,387,000 after purchasing an additional 82 shares in the last quarter. Assetmark Inc. raised its holdings in CommVault Systems by 33.6% during the fourth quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock worth $41,000 after purchasing an additional 82 shares in the last quarter. Farther Finance Advisors LLC lifted its position in CommVault Systems by 17.1% in the third quarter. Farther Finance Advisors LLC now owns 652 shares of the software maker’s stock worth $123,000 after purchasing an additional 95 shares during the period. Finally, Diversify Wealth Management LLC lifted its position 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 worth $1,333,000 after purchasing an additional 110 shares during the period. 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.