Commvault Systems, Inc. (NASDAQ:CVLT) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Commvault Systems, Inc. (NASDAQ:CVLT) have earned a consensus rating of “Moderate Buy” from the four research firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $85.60.

Several equities analysts have recently commented on the company. KeyCorp raised Commvault Systems from a “sector weight” rating to an “overweight” rating and set a $109.00 target price for the company in a report on Wednesday, January 31st. Royal Bank of Canada upped their target price on Commvault Systems from $86.00 to $97.00 and gave the company a “sector perform” rating in a report on Wednesday, January 31st.

Insiders Place Their Bets

In other Commvault Systems news, CEO Sanjay Mirchandani sold 21,494 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $97.82, for a total value of $2,102,543.08. Following the completion of the sale, the chief executive officer now directly owns 399,356 shares in the company, valued at $39,065,003.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Allison Pickens sold 990 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $94.73, for a total transaction of $93,782.70. Following the completion of the sale, the director now owns 7,206 shares in the company, valued at approximately $682,624.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sanjay Mirchandani sold 21,494 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $97.82, for a total value of $2,102,543.08. Following the sale, the chief executive officer now owns 399,356 shares of the company’s stock, valued at approximately $39,065,003.92. The disclosure for this sale can be found here. Insiders sold 23,306 shares of company stock worth $2,276,265 over the last ninety days. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Commvault Systems

Institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP acquired a new stake in shares of Commvault Systems during the 1st quarter valued at $26,000. Captrust Financial Advisors lifted its position in shares of Commvault Systems by 64.0% during the 2nd quarter. Captrust Financial Advisors now owns 510 shares of the software maker’s stock valued at $32,000 after acquiring an additional 199 shares during the last quarter. Altshuler Shaham Ltd acquired a new stake in shares of Commvault Systems during the 4th quarter valued at $33,000. Quantbot Technologies LP acquired a new stake in shares of Commvault Systems during the 2nd quarter valued at $64,000. Finally, Headlands Technologies LLC acquired a new stake in Commvault Systems during the 4th quarter valued at $67,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

Commvault Systems Price Performance

Shares of Commvault Systems stock opened at $96.49 on Monday. The business has a 50-day moving average of $97.03 and a 200-day moving average of $81.93. The company has a market capitalization of $4.22 billion, a PE ratio of -3,216.33 and a beta of 0.62. Commvault Systems has a 1-year low of $56.76 and a 1-year high of $102.21.

Commvault Systems (NASDAQ:CVLT) last announced its earnings results on Tuesday, January 30th. The software maker reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.05. The company had revenue of $216.81 million during the quarter, compared to the consensus estimate of $208.01 million. Commvault Systems had a positive return on equity of 32.27% and a negative net margin of 0.09%. The company’s revenue was up 11.1% on a year-over-year basis. During the same period last year, the firm earned $0.17 earnings per share. On average, equities analysts expect that Commvault Systems will post 1.35 earnings per share for the current fiscal year.

Commvault Systems Company Profile

Commvault Systems, Inc provides data protection platform that helps customers to secure, defend, and recover their data in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls.