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

Shares of CommVault Systems, Inc. (NASDAQ:CVLT) have been assigned a consensus recommendation of “Moderate Buy” from the twenty ratings firms that are currently covering the company, Marketbeat.com reports. Ten analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $152.4667.

A number of equities research analysts have recently weighed in on the company. KeyCorp lifted their price objective on CommVault Systems from $125.00 to $175.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. DA Davidson set a $175.00 target price on CommVault Systems in a research note on Wednesday, July 29th. Scotiabank restated a “sector perform” rating and set a $130.00 target price on shares of CommVault Systems in a report on Wednesday, July 29th. Zacks Research downgraded CommVault Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Finally, Truist Financial boosted their price target on shares of CommVault Systems from $155.00 to $182.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st.

Insiders Place Their Bets

In related news, Director Vivie Lee sold 595 shares of CommVault Systems stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $134.19, for a total value of $79,843.05. Following the completion of the transaction, the director owned 15,140 shares in the company, valued at approximately $2,031,636.60. The trade was a 3.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gary Merrill sold 4,554 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $106.70, for a total transaction of $485,911.80. Following the sale, the chief financial officer directly owned 72,775 shares in the company, valued at approximately $7,765,092.50. The trade was a 5.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 34,433 shares of company stock valued at $4,756,008. 0.86% of the stock is owned by company insiders.

Institutional Trading of CommVault Systems

A number of large investors have recently modified their holdings of the stock. Transamerica Financial Advisors LLC purchased a new position in CommVault Systems in the second quarter valued at $25,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in CommVault Systems during the 2nd quarter worth about $27,000. State of Wyoming purchased a new stake in CommVault Systems during the 2nd quarter worth about $35,000. Banque Cantonale Vaudoise acquired a new stake in CommVault Systems in the 3rd quarter valued at about $39,000. Finally, Silvant Capital Management LLC acquired a new stake in CommVault Systems in the 2nd quarter valued at about $30,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

CommVault Systems Stock Performance

NASDAQ:CVLT opened at $133.81 on Wednesday. CommVault Systems has a fifty-two week low of $71.75 and a fifty-two week high of $198.18. The company has a debt-to-equity ratio of 16.94, a quick ratio of 2.04 and a current ratio of 2.04. The company has a 50 day moving average price of $138.61 and a 200 day moving average price of $109.64. The stock has a market capitalization of $5.55 billion, a P/E ratio of 85.23 and a beta of 0.81.

CommVault Systems (NASDAQ:CVLT) last announced its earnings results on Tuesday, July 28th. The software maker reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.26. CommVault Systems had a return on equity of 88.75% and a net margin of 5.62%.The company had revenue of $314.13 million for the quarter, compared to analyst estimates of $310.43 million. During the same quarter in the previous year, the company earned $1.01 earnings per share. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. Equities research analysts forecast that CommVault Systems will post 2.84 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.