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

Shares of CommVault Systems, Inc. (NASDAQ:CVLT) have been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $143.5833.

A number of brokerages have issued reports on CVLT. DA Davidson lowered their target price on shares of CommVault Systems from $185.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Mizuho reduced their price objective on shares of CommVault Systems from $180.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, January 28th. Wall Street Zen raised shares of CommVault Systems from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. KeyCorp lowered their price objective on CommVault Systems from $152.00 to $108.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 28th. Finally, Piper Sandler dropped their price objective on CommVault Systems from $186.00 to $155.00 and set an “overweight” rating for the company in a research note on Monday, January 5th.

Insiders Place Their Bets

In related news, insider Gary Merrill sold 1,892 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $91.28, for a total transaction of $172,701.76. Following the transaction, the insider owned 62,833 shares of the company’s stock, valued at approximately $5,735,396.24. This trade represents a 2.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sanjay Mirchandani sold 6,480 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $90.28, for a total transaction of $585,014.40. Following the completion of the sale, the chief executive officer directly owned 352,919 shares in the company, valued at $31,861,527.32. This represents a 1.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 10,965 shares of company stock valued at $991,812 in the last ninety days. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Tudor Investment Corp ET AL purchased a new position in CommVault Systems in the 3rd quarter worth approximately $1,887,800,000. Vanguard Group Inc. lifted its stake in CommVault Systems by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 5,675,590 shares of the software maker’s stock valued at $711,492,000 after acquiring an additional 240,093 shares during the period. First Trust Advisors LP boosted its holdings in shares of CommVault Systems by 25.5% during the 4th quarter. First Trust Advisors LP now owns 1,537,034 shares of the software maker’s stock valued at $192,683,000 after acquiring an additional 312,178 shares during the last quarter. Geode Capital Management LLC lifted its position in CommVault Systems by 2.0% during the second quarter. Geode Capital Management LLC now owns 1,337,403 shares of the software maker’s stock valued at $233,172,000 after purchasing an additional 26,207 shares during the period. Finally, Westfield Capital Management Co. LP boosted its holdings in CommVault Systems by 34.5% in the fourth quarter. Westfield Capital Management Co. LP now owns 1,057,077 shares of the software maker’s stock worth $132,515,000 after purchasing an additional 270,902 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

CommVault Systems Trading Up 4.1%

Shares of CommVault Systems stock opened at $88.49 on Wednesday. The stock has a market capitalization of $3.89 billion, a P/E ratio of 45.61 and a beta of 0.59. CommVault Systems has a 52-week low of $79.51 and a 52-week high of $200.68. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.34 and a current ratio of 2.34. The stock’s 50-day simple moving average is $109.23 and its 200 day simple moving average is $141.91.

CommVault Systems (NASDAQ:CVLT) last issued its earnings results on Tuesday, January 27th. The software maker reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.19. CommVault Systems had a net margin of 7.58% and a return on equity of 37.38%. The firm had revenue of $313.83 million during the quarter, compared to analyst estimates of $299.07 million. During the same quarter last year, the business earned $0.94 earnings per share. The company’s quarterly revenue was up 19.5% on a year-over-year basis. As a group, research analysts anticipate that CommVault Systems will post 1.65 EPS for the current year.

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.