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

Shares of CommVault Systems, Inc. (NASDAQ:CVLT) have earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $142.75.

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price target on shares of CommVault Systems from $190.00 to $155.00 and set an “overweight” rating for the company in a research report on Wednesday, January 28th. Royal Bank Of Canada dropped their target price on CommVault Systems from $167.00 to $100.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 28th. Cantor Fitzgerald cut their price target on CommVault Systems from $144.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, January 28th. Weiss Ratings restated a “hold (c)” rating on shares of CommVault Systems in a research note on Wednesday, January 21st. Finally, KeyCorp cut their target price on CommVault Systems from $152.00 to $108.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 28th.

CommVault Systems Trading Down 0.5%

Shares of NASDAQ CVLT opened at $79.41 on Friday. CommVault Systems has a twelve month low of $76.99 and a twelve month high of $200.68. The firm has a market cap of $3.49 billion, a PE ratio of 40.93 and a beta of 0.59. The business has a fifty day simple moving average of $93.90 and a two-hundred day simple moving average of $129.73. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 4.06.

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

Insider Activity at CommVault Systems

In other news, CEO Sanjay Mirchandani sold 10,338 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $78.96, for a total transaction of $816,288.48. Following the completion of the sale, the chief executive officer owned 342,581 shares in the company, valued at approximately $27,050,195.76. This represents a 2.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Gary Merrill sold 2,593 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $90.28, for a total value of $234,096.04. Following the transaction, the insider owned 64,725 shares in the company, valued at approximately $5,843,373. This trade represents a 3.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 31,355 shares of company stock valued at $2,613,165. 1.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CommVault Systems

Several hedge funds have recently modified their holdings of the stock. State of Wyoming acquired a new stake in CommVault Systems in the 2nd quarter worth approximately $35,000. Banque Cantonale Vaudoise purchased a new position in shares of CommVault Systems in the third quarter worth $39,000. Cullen Frost Bankers Inc. lifted its stake in shares of CommVault Systems by 43.8% during the third quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock worth $46,000 after buying an additional 74 shares during the period. Assetmark Inc. grew its holdings in shares of CommVault Systems by 2,950.0% during the third quarter. Assetmark Inc. now owns 244 shares of the software maker’s stock valued at $46,000 after buying an additional 236 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in CommVault Systems in the 3rd quarter worth $47,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

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.