CommVault Systems (NASDAQ:CVLT) Issues Earnings Results

CommVault Systems (NASDAQ:CVLT) announced its quarterly earnings results on Tuesday. The software maker reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.26, FiscalAI reports. The firm had revenue of $314.13 million for the quarter, compared to the consensus estimate of $310.43 million. CommVault Systems had a net margin of 5.97% and a return on equity of 51.64%.

CommVault Systems Price Performance

Shares of CVLT stock opened at $149.46 on Tuesday. The business’s fifty day moving average is $131.80 and its 200 day moving average is $107.07. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 117.54. The stock has a market cap of $6.19 billion, a price-to-earnings ratio of 94.00 and a beta of 0.79. CommVault Systems has a twelve month low of $71.75 and a twelve month high of $200.68.

Insider Buying and Selling at CommVault Systems

In other news, CFO Gary Merrill sold 4,560 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $105.10, for a total transaction of $479,256.00. Following the sale, the chief financial officer owned 72,507 shares in the company, valued at approximately $7,620,485.70. The trade was a 5.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Danielle Nicole Abrahamsen sold 1,065 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $105.84, for a total transaction of $112,719.60. Following the completion of the transaction, the chief accounting officer owned 13,581 shares of the company’s stock, valued at approximately $1,437,413.04. The trade was a 7.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 55,279 shares of company stock valued at $5,786,557. 0.86% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP raised its position in shares of CommVault Systems by 25.5% in the 4th quarter. First Trust Advisors LP now owns 1,537,034 shares of the software maker’s stock worth $192,683,000 after purchasing an additional 312,178 shares during the last quarter. AQR Capital Management LLC increased its stake in CommVault Systems by 60.8% during the 2nd quarter. AQR Capital Management LLC now owns 893,385 shares of the software maker’s stock valued at $155,744,000 after purchasing an additional 337,830 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in CommVault Systems by 2.0% in the third quarter. Dimensional Fund Advisors LP now owns 611,659 shares of the software maker’s stock worth $115,476,000 after buying an additional 12,177 shares during the last quarter. Champlain Investment Partners LLC lifted its stake in shares of CommVault Systems by 18.0% in the fourth quarter. Champlain Investment Partners LLC now owns 406,457 shares of the software maker’s stock worth $50,953,000 after buying an additional 62,002 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of CommVault Systems by 5.5% in the fourth quarter. JPMorgan Chase & Co. now owns 403,947 shares of the software maker’s stock worth $50,639,000 after buying an additional 21,169 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wall Street Analysts Forecast Growth

CVLT has been the topic of several recent analyst reports. Wolfe Research started coverage on shares of CommVault Systems in a research note on Friday, May 1st. They issued a “peer perform” rating on the stock. Weiss Ratings upgraded shares of CommVault Systems from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 16th. Scotiabank lifted their price objective on CommVault Systems from $105.00 to $110.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 29th. Oppenheimer upped their price target on shares of CommVault Systems from $150.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Finally, KeyCorp upped their price target on CommVault Systems from $125.00 to $175.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $147.60.

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.