CommVault Systems (NASDAQ:CVLT) Sets New 12-Month Low – Should You Sell?

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

Wall Street Analysts Forecast Growth

CVLT has been the topic of several recent research reports. Cantor Fitzgerald decreased their target price on shares of CommVault Systems from $144.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 28th. 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 report on Monday, January 5th. Wall Street Zen raised CommVault Systems from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Royal Bank Of Canada decreased their price objective on CommVault Systems from $167.00 to $100.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 28th. Finally, DA Davidson dropped their target price on CommVault Systems from $135.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $142.75.

CommVault Systems Stock Down 1.9%

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’s fifty day moving average price is $94.79 and its 200-day moving average price is $130.81. The stock has a market cap of $3.44 billion, a P/E ratio of 40.30 and a beta of 0.59.

CommVault Systems (NASDAQ:CVLT) last issued 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 company had revenue of $313.83 million for 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 firm’s revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.94 EPS. Equities analysts forecast that CommVault Systems, Inc. will post 1.65 EPS for the current year.

Insider Buying and Selling

In related news, insider Gary Merrill sold 2,593 shares of the business’s stock in a transaction on 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 transaction, the insider owned 64,725 shares in the company, valued at $5,843,373. The trade was a 3.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sanjay Mirchandani sold 10,338 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 342,581 shares in the company, valued at $27,050,195.76. This trade represents a 2.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 31,355 shares of company stock worth $2,613,165. Insiders own 1.00% of the company’s stock.

Institutional Trading of CommVault Systems

Large investors have recently made changes to their positions in the stock. State of Wyoming bought a new position in shares of CommVault Systems in the second quarter worth about $35,000. FNY Investment Advisers LLC purchased a new stake in CommVault Systems in the 4th quarter valued at about $36,000. Banque Cantonale Vaudoise purchased a new stake in CommVault Systems in the 3rd quarter valued at about $39,000. Assetmark Inc. grew its stake in CommVault Systems by 33.6% in the 4th quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock worth $41,000 after acquiring an additional 82 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its position 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 acquiring an additional 74 shares during the period. 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.