DA Davidson Has Lowered Expectations for CommVault Systems (NASDAQ:CVLT) Stock Price

CommVault Systems (NASDAQ:CVLT) had its price target dropped by investment analysts at DA Davidson from $135.00 to $125.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. DA Davidson’s price target points to a potential upside of 54.94% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Stephens cut their price objective on shares of CommVault Systems from $162.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 28th. Wells Fargo & Company dropped their price target on shares of CommVault Systems from $190.00 to $155.00 and set an “overweight” rating for the company in a research note on Wednesday, January 28th. Royal Bank Of Canada cut their price target on shares of CommVault Systems from $167.00 to $100.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 28th. Guggenheim reduced their price objective on shares of CommVault Systems from $200.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of CommVault Systems in a research note on Wednesday, January 21st. Two equities 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.75.

CommVault Systems Price Performance

Shares of CVLT traded up $0.63 during mid-day trading on Tuesday, hitting $80.67. 160,925 shares of the stock were exchanged, compared to its average volume of 1,063,418. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.34 and a current ratio of 2.34. The company has a market cap of $3.55 billion, a PE ratio of 41.53 and a beta of 0.59. CommVault Systems has a 52-week low of $77.79 and a 52-week high of $200.68. The firm has a 50-day moving average of $97.55 and a two-hundred day moving average of $132.27.

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

Insider Buying and Selling at CommVault Systems

In other CommVault Systems news, insider Gary Merrill sold 2,593 shares of the firm’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 $234,096.04. Following the completion of the sale, the insider directly owned 64,725 shares in the company, valued at $5,843,373. This trade represents a 3.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sanjay Mirchandani sold 6,480 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was 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 in the company, valued at approximately $31,861,527.32. The trade was a 1.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 10,965 shares of company stock valued at $991,812. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On CommVault Systems

Several hedge funds and other institutional investors have recently modified their holdings of CVLT. State of Wyoming purchased a new stake in shares of CommVault Systems during the second quarter valued at $35,000. FNY Investment Advisers LLC purchased a new position in CommVault Systems in the 4th quarter worth $36,000. Banque Cantonale Vaudoise acquired a new stake in CommVault Systems during the 3rd quarter worth about $39,000. Assetmark Inc. lifted its position in CommVault Systems by 33.6% during the 4th quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock worth $41,000 after acquiring an additional 82 shares during the period. Finally, Cullen Frost Bankers Inc. grew its stake in CommVault Systems by 43.8% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock valued at $46,000 after purchasing an additional 74 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other 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.