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

Shares of CommVault Systems, Inc. (NASDAQ:CVLT) have been given a consensus rating of “Moderate Buy” by the seventeen research firms that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $134.8571.

CVLT has been the subject of several research reports. Loop Capital initiated coverage on CommVault Systems in a research note on Tuesday, March 24th. They set a “buy” rating and a $125.00 price objective for the company. Wells Fargo & Company reduced their price objective on CommVault Systems from $190.00 to $155.00 and set an “overweight” rating for the company in a research note on Wednesday, January 28th. DA Davidson reissued a “buy” rating and set a $125.00 price objective on shares of CommVault Systems in a research note on Monday, April 13th. Oppenheimer reduced their price objective on CommVault Systems from $180.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, January 28th. Finally, KeyCorp reduced their price objective on CommVault Systems from $152.00 to $108.00 and set an “overweight” rating for the company in a research note on Wednesday, January 28th.

CommVault Systems Stock Performance

Shares of NASDAQ CVLT opened at $95.58 on Thursday. The stock has a fifty day moving average price of $84.85 and a two-hundred day moving average price of $113.42. 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 firm has a market cap of $4.20 billion, a P/E ratio of 49.27 and a beta of 0.63. CommVault Systems has a 1 year low of $71.75 and a 1 year high of $200.68.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.19. The business had revenue of $313.83 million during the quarter, compared to analyst estimates of $299.07 million. CommVault Systems had a return on equity of 37.38% and a net margin of 7.58%.The company’s revenue was up 19.5% compared to the same quarter last year. During the same period last year, the company posted $0.94 EPS. Research analysts forecast that CommVault Systems will post 2.13 EPS for the current fiscal year.

Insider Buying and Selling at CommVault Systems

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

Institutional Trading of CommVault Systems

A number of hedge funds have recently modified their holdings of CVLT. State of Wyoming purchased a new stake in shares of CommVault Systems in the second quarter valued at $35,000. FNY Investment Advisers LLC purchased a new stake in shares of CommVault Systems in the fourth quarter valued at $36,000. Banque Cantonale Vaudoise purchased a new stake in shares of CommVault Systems in the third quarter valued at $39,000. Assetmark Inc. lifted its holdings in shares of CommVault Systems by 33.6% in the fourth quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock valued at $41,000 after purchasing an additional 82 shares in the last quarter. Finally, Cullen Frost Bankers Inc. lifted its holdings in shares of CommVault Systems by 43.8% in the third quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock valued at $46,000 after purchasing an additional 74 shares in the last quarter. Hedge funds and other institutional investors 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.