Key Points
- CommVault director A. Shane Sanders sold 476 shares for approximately $63,874 at an average price of $134.19, reducing his direct ownership by 5.19%. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
- CommVault shares opened at $139.43 after rising 3.1%, with the stock trading between $71.75 and $198.18 over the past year. The company recently exceeded quarterly earnings and revenue estimates, reporting $1.42 EPS and $314.13 million in revenue, up 11.4% year over year.
- Analysts maintain a “Moderate Buy” consensus rating with an average price target of $152.47, while institutional investors own 93.5% of the company’s stock.
CommVault Systems, Inc. (NASDAQ:CVLT - Get Free Report) Director A Shane Sanders sold 476 shares of CommVault Systems stock in a transaction on Monday, August 10th. The stock was sold at an average price of $134.19, for a total transaction of $63,874.44. Following the sale, the director directly owned 8,696 shares of the company's stock, valued at approximately $1,166,916.24. This trade represents a 5.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
CommVault Systems Trading Up 3.1%
Shares of CommVault Systems stock opened at $139.43 on Tuesday. CommVault Systems, Inc. has a 12-month low of $71.75 and a 12-month high of $198.18. The stock has a market cap of $5.78 billion, a price-to-earnings ratio of 88.81 and a beta of 0.81. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 16.94. The company has a fifty day simple moving average of $135.37 and a 200-day simple moving average of $107.30.
CommVault Systems (NASDAQ:CVLT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The software maker reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.26. CommVault Systems had a return on equity of 88.75% and a net margin of 5.62%.The company had revenue of $314.13 million for the quarter, compared to analyst estimates of $310.43 million. During the same quarter last year, the company posted $1.01 earnings per share. The business's quarterly revenue was up 11.4% compared to the same quarter last year. On average, equities analysts forecast that CommVault Systems, Inc. will post 2.84 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of CommVault Systems during the second quarter valued at $27,000. State of Wyoming acquired a new stake in shares of CommVault Systems in the second quarter worth $35,000. Banque Cantonale Vaudoise purchased a new position in CommVault Systems in the 3rd quarter worth approximately $39,000. Advisory Services Network LLC purchased a new position in shares of CommVault Systems in the third quarter valued at $47,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of CommVault Systems by 188.3% during the second quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker's stock worth $47,000 after acquiring an additional 177 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.
Analyst Upgrades and Downgrades
CVLT has been the subject of a number of recent research reports. UBS Group reiterated a "neutral" rating on shares of CommVault Systems in a research note on Monday, July 27th. Guggenheim reiterated a "buy" rating on shares of CommVault Systems in a research note on Tuesday, July 28th. Stephens raised their price target on CommVault Systems from $135.00 to $155.00 and gave the stock an "overweight" rating in a report on Tuesday, June 16th. Jefferies Financial Group restated a "hold" rating and issued a $130.00 price target on shares of CommVault Systems in a research report on Wednesday, July 29th. Finally, Mizuho upped their price objective on CommVault Systems from $140.00 to $175.00 and gave the company an "outperform" rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $152.47.
Check Out Our Latest Research Report on CommVault Systems
About CommVault Systems
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
