CommVault Systems, Inc. (NASDAQ:CVLT) CFO Brian Carolan sold 647 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $50.18, for a total value of $32,466.46. Following the sale, the chief financial officer now owns 107,100 shares of the company’s stock, valued at $5,374,278. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
NASDAQ CVLT traded down $0.27 during trading hours on Friday, hitting $49.55. The company had a trading volume of 8,590 shares, compared to its average volume of 412,956. CommVault Systems, Inc. has a fifty-two week low of $40.73 and a fifty-two week high of $69.20. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 82.65, a P/E/G ratio of 10.31 and a beta of 1.14. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.95 and a quick ratio of 1.95. The firm’s 50 day moving average is $46.24 and its 200 day moving average is $47.67.
CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.14. CommVault Systems had a positive return on equity of 7.18% and a negative net margin of 0.39%. The firm had revenue of $167.58 million during the quarter, compared to the consensus estimate of $163.28 million. During the same period in the prior year, the firm earned $0.40 EPS. The firm’s quarterly revenue was down .9% compared to the same quarter last year. On average, equities analysts anticipate that CommVault Systems, Inc. will post 0.49 EPS for the current year.
CVLT has been the subject of a number of research analyst reports. Jefferies Financial Group initiated coverage on CommVault Systems in a report on Tuesday, October 8th. They set a “buy” rating and a $59.00 price objective for the company. BidaskClub upgraded CommVault Systems from a “sell” rating to a “hold” rating in a report on Tuesday, September 10th. ValuEngine upgraded CommVault Systems from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 31st. Royal Bank of Canada set a $50.00 price objective on CommVault Systems and gave the stock a “hold” rating in a report on Wednesday, July 31st. Finally, Zacks Investment Research upgraded CommVault Systems from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $59.50.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC acquired a new stake in CommVault Systems in the 2nd quarter valued at $29,000. BBT Capital Management LLC acquired a new stake in shares of CommVault Systems during the second quarter valued at about $609,000. Aperio Group LLC acquired a new stake in shares of CommVault Systems during the second quarter valued at about $109,000. Charles Schwab Investment Management Inc. grew its stake in shares of CommVault Systems by 4.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 407,627 shares of the software maker’s stock valued at $20,227,000 after acquiring an additional 15,628 shares in the last quarter. Finally, Retirement Systems of Alabama grew its stake in shares of CommVault Systems by 30.2% during the third quarter. Retirement Systems of Alabama now owns 297,942 shares of the software maker’s stock valued at $13,321,000 after acquiring an additional 69,122 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.
CommVault Systems Company Profile
Commvault Systems, Inc provides data protection and information management software applications and related services in the United States, Canada, Latin America, Europe, the Middle East, Africa, Australia, New Zealand, Southeast Asia, and China. The company offers data protection, backup, and recovery software solutions for the backup of databases, files, applications, endpoints, and virtual machines according to data type and recovery profile; and help to optimize storage with deduplication, recover data, and leverage reports.
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