CommVault Systems (NASDAQ:CVLT) Hits New 12-Month Low – Here’s Why

CommVault Systems, Inc. (NASDAQ:CVLT)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $84.17 and last traded at $83.25, with a volume of 37534 shares. The stock had previously closed at $87.35.

Analysts Set New Price Targets

A number of research firms have issued reports on CVLT. Truist Financial reissued a “buy” rating and issued a $155.00 target price (down from $175.00) on shares of CommVault Systems in a research report on Wednesday, January 28th. Stephens cut their price target on CommVault Systems from $162.00 to $135.00 and set an “overweight” rating for the company in a research note on Wednesday, January 28th. Guggenheim lowered their price objective on CommVault Systems from $200.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, January 28th. Wells Fargo & Company dropped their price objective on shares of CommVault Systems from $190.00 to $155.00 and set an “overweight” rating on the stock in a report on Wednesday, January 28th. Finally, Zacks Research upgraded shares of CommVault Systems from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $143.58.

CommVault Systems Trading Up 1.2%

The firm’s 50 day moving average is $118.86 and its 200 day moving average is $151.04. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.34 and a quick ratio of 2.34. The company has a market cap of $3.65 billion, a PE ratio of 42.79 and a beta of 0.59.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.17 EPS for the quarter, beating the consensus estimate of $0.98 by $0.19. The firm had revenue of $313.83 million during the quarter, compared to the consensus estimate of $299.07 million. CommVault Systems had a net margin of 7.58% and a return on equity of 37.38%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the firm earned $0.94 EPS. On average, equities analysts anticipate that CommVault Systems, Inc. will post 1.65 earnings per share for the current year.

Insiders Place Their Bets

In other CommVault Systems news, insider Gary Merrill sold 2,674 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $123.58, for a total value of $330,452.92. Following the sale, the insider owned 69,163 shares of the company’s stock, valued at $8,547,163.54. This trade represents a 3.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jennifer Leigh Dirico sold 830 shares of CommVault Systems stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $123.58, for a total value of $102,571.40. Following the sale, the chief financial officer owned 44,313 shares of the company’s stock, valued at approximately $5,476,200.54. This trade represents a 1.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 33,111 shares of company stock worth $4,058,851 in the last ninety days. 1.00% of the stock is currently owned by insiders.

Institutional Trading of CommVault Systems

Several institutional investors and hedge funds have recently made changes to their positions in CVLT. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of CommVault Systems by 14,801.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 271,806 shares of the software maker’s stock worth $35,030,000 after acquiring an additional 269,982 shares during the last quarter. Thrivent Financial for Lutherans raised its position in CommVault Systems by 17.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 33,643 shares of the software maker’s stock valued at $4,218,000 after purchasing an additional 4,950 shares in the last quarter. Pinnacle Associates Ltd. lifted its stake in CommVault Systems by 13.7% during the fourth quarter. Pinnacle Associates Ltd. now owns 137,544 shares of the software maker’s stock worth $17,243,000 after purchasing an additional 16,605 shares during the last quarter. Madison Asset Management LLC boosted its holdings in shares of CommVault Systems by 0.6% in the 4th quarter. Madison Asset Management LLC now owns 23,947 shares of the software maker’s stock worth $3,002,000 after purchasing an additional 153 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in shares of CommVault Systems by 14.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 4,029 shares of the software maker’s stock valued at $505,000 after purchasing an additional 498 shares during the last quarter. Hedge funds and other institutional investors 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.