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

Shares of CommVault Systems, Inc. (NASDAQ:CVLT) have earned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $143.5833.

CVLT has been the subject of a number of research reports. Piper Sandler decreased their target price 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. Guggenheim cut their price target on CommVault Systems from $200.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. 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 report on Wednesday, January 28th. Truist Financial reaffirmed a “buy” rating and issued a $155.00 target price (down from $175.00) on shares of CommVault Systems in a research report on Wednesday, January 28th. Finally, Zacks Research raised shares of CommVault Systems from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th.

CommVault Systems Stock Performance

CommVault Systems stock opened at $85.08 on Wednesday. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.34 and a quick ratio of 2.34. CommVault Systems has a 12 month low of $79.51 and a 12 month high of $200.68. The company has a fifty day moving average price of $106.97 and a two-hundred day moving average price of $139.73. The company has a market cap of $3.74 billion, a PE ratio of 43.86 and a beta of 0.59.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.17 earnings per share (EPS) 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 company had revenue of $313.83 million for the quarter, compared to the consensus estimate of $299.07 million. During the same period last year, the firm posted $0.94 EPS. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. Research analysts expect that CommVault Systems will post 1.65 earnings per share for the current year.

Insider Activity

In other CommVault Systems news, insider Gary Merrill sold 1,892 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $91.28, for a total transaction of $172,701.76. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction, the chief executive officer owned 352,919 shares of the company’s stock, valued at approximately $31,861,527.32. This trade represents a 1.80% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 10,965 shares of company stock worth $991,812. 1.00% of the stock is currently owned by insiders.

Institutional Trading of CommVault Systems

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

CommVault Systems Company Profile

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.