CommVault Systems (NASDAQ:CVLT) Hits New 12-Month Low – Time to Sell?

CommVault Systems, Inc. (NASDAQ:CVLT)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $76.79 and last traded at $77.49, with a volume of 51335 shares. The stock had previously closed at $81.16.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CVLT shares. Wall Street Zen upgraded shares of CommVault Systems from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. William Blair restated a “market perform” rating on shares of CommVault Systems in a research note on Monday. Truist Financial reaffirmed a “buy” rating and issued a $155.00 price objective (down from $175.00) on shares of CommVault Systems in a research note on Wednesday, January 28th. Zacks Research upgraded CommVault Systems from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. Finally, Mizuho dropped their target price on CommVault Systems from $180.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, January 28th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $141.38.

CommVault Systems Stock Performance

The company has a market cap of $3.41 billion, a PE ratio of 40.04 and a beta of 0.59. The firm has a fifty day simple moving average of $90.25 and a 200-day simple moving average of $127.33. 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 issued its quarterly earnings data 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. CommVault Systems had a return on equity of 37.38% and a net margin of 7.58%.The company had revenue of $313.83 million during the quarter, compared to analysts’ expectations of $299.07 million. During the same quarter in the previous year, the business earned $0.94 earnings per share. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. On average, research analysts forecast that CommVault Systems, Inc. will post 1.65 EPS for the current fiscal year.

Insider Buying and Selling at CommVault Systems

In other news, insider Gary Merrill sold 2,593 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $90.28, for a total transaction of $234,096.04. Following the completion of the sale, the insider owned 64,725 shares in the company, valued at approximately $5,843,373. This represents a 3.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sanjay Mirchandani sold 10,338 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $78.96, for a total value of $816,288.48. Following the transaction, the chief executive officer directly owned 342,581 shares in the company, valued at approximately $27,050,195.76. This represents a 2.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 31,355 shares of company stock worth $2,613,165 over the last three months. 1.00% of the stock is currently owned by insiders.

Institutional Trading of CommVault Systems

A number of hedge funds have recently added to or reduced their stakes in CVLT. Cullen Frost Bankers Inc. raised its stake in shares of CommVault Systems by 43.8% during 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. JSF Financial LLC grew its position in CommVault Systems by 1.1% in the 3rd quarter. JSF Financial LLC now owns 7,345 shares of the software maker’s stock valued at $1,387,000 after buying an additional 82 shares during the last quarter. Assetmark Inc. increased its stake in CommVault Systems by 33.6% in the 4th quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock valued at $41,000 after buying an additional 82 shares during the period. Farther Finance Advisors LLC increased its stake in CommVault Systems by 17.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 652 shares of the software maker’s stock valued at $123,000 after buying an additional 95 shares during the period. Finally, Diversify Wealth Management LLC raised its position in CommVault Systems by 1.6% during the 3rd quarter. Diversify Wealth Management LLC now owns 7,060 shares of the software maker’s stock worth $1,333,000 after buying an additional 110 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

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.