CommVault Systems, Inc. (NASDAQ:CVLT) Receives Average Recommendation of “Moderate Buy” from Analysts

CommVault Systems, Inc. (NASDAQ:CVLT) has received a consensus rating of “Moderate Buy” from the nineteen research firms that are presently covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $135.00.

A number of brokerages recently issued reports on CVLT. Guggenheim decreased their target price on CommVault Systems from $200.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, January 28th. KeyCorp increased their price objective on CommVault Systems from $108.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. William Blair reaffirmed a “market perform” rating on shares of CommVault Systems in a research report on Monday, March 23rd. Loop Capital began coverage on CommVault Systems in a research report on Tuesday, March 24th. They set a “buy” rating and a $125.00 price objective for the company. Finally, Wells Fargo & Company decreased their price objective on CommVault Systems from $190.00 to $155.00 and set an “overweight” rating for the company in a research report on Wednesday, January 28th.

CommVault Systems Stock Performance

CVLT opened at $103.90 on Monday. CommVault Systems has a one year low of $71.75 and a one year high of $200.68. The company has a market cap of $4.29 billion, a P/E ratio of 65.35 and a beta of 0.77. The company has a debt-to-equity ratio of 117.54, a quick ratio of 1.95 and a current ratio of 1.95. The business’s 50-day simple moving average is $88.36 and its 200-day simple moving average is $105.24.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings data on Tuesday, April 28th. The software maker reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.19. CommVault Systems had a return on equity of 51.64% and a net margin of 5.97%.The business had revenue of $311.69 million for the quarter, compared to the consensus estimate of $306.71 million. During the same quarter in the prior year, the business posted $1.03 EPS. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, equities research analysts expect that CommVault Systems will post 2.86 EPS for the current fiscal year.

Insider Buying and Selling

In other CommVault Systems news, CEO Sanjay Mirchandani sold 10,052 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $80.09, for a total transaction of $805,064.68. Following the completion of the sale, the chief executive officer directly owned 332,529 shares of the company’s stock, valued at approximately $26,632,247.61. This trade represents a 2.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gary Merrill sold 1,892 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $91.28, for a total value of $172,701.76. Following the sale, the insider directly owned 62,833 shares of the company’s stock, valued at $5,735,396.24. The trade was a 2.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 31,355 shares of company stock valued at $2,613,165 over the last ninety days. 1.00% of the stock is owned by insiders.

Institutional Trading of CommVault Systems

Several hedge funds have recently modified their holdings of CVLT. State of Wyoming acquired a new stake in shares of CommVault Systems in the 2nd quarter valued at approximately $35,000. FNY Investment Advisers LLC acquired a new stake in shares of CommVault Systems in the 4th quarter valued at approximately $36,000. Banque Cantonale Vaudoise acquired a new stake in shares of CommVault Systems in the 3rd quarter valued at approximately $39,000. Assetmark Inc. lifted its holdings in shares of 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. Finally, Cullen Frost Bankers Inc. lifted its holdings in shares of CommVault Systems by 43.8% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock valued at $46,000 after buying an additional 74 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

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.