CommVault Systems, Inc. (NASDAQ:CVLT) Receives $143.58 Average PT from Analysts

CommVault Systems, Inc. (NASDAQ:CVLT) has been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $143.5833.

Several equities analysts have weighed in on the stock. Oppenheimer decreased their target price on shares of CommVault Systems from $180.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, January 28th. Robert W. Baird assumed coverage on shares of CommVault Systems in a research report on Monday, October 27th. They set an “outperform” rating and a $215.00 price target on the stock. Cantor Fitzgerald decreased their price objective 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 reiterated a “hold (c)” rating on shares of CommVault Systems in a research report on Wednesday, January 21st. Finally, Wall Street Zen upgraded CommVault Systems from a “hold” rating to a “buy” rating in a research report on Saturday.

CommVault Systems Stock Up 1.9%

Shares of NASDAQ:CVLT opened at $87.35 on Friday. CommVault Systems has a 52-week low of $84.44 and a 52-week high of $200.68. The stock has a market cap of $3.84 billion, a P/E ratio of 45.03 and a beta of 0.59. The business has a fifty day moving average of $120.53 and a two-hundred day moving average of $152.16. 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 posted its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.17 EPS for the quarter, topping 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 business had revenue of $313.83 million for the quarter, compared to analyst estimates of $299.07 million. During the same quarter in the previous year, the firm earned $0.94 EPS. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, 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 1,845 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $122.40, for a total value of $225,828.00. Following the sale, the insider owned 67,318 shares of the company’s stock, valued at $8,239,723.20. The trade was a 2.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jennifer Leigh Dirico sold 830 shares of the company’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $123.58, for a total value of $102,571.40. Following the transaction, the chief financial officer owned 44,313 shares in the company, valued at $5,476,200.54. This trade represents a 1.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 33,111 shares of company stock valued at $4,058,851. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On CommVault Systems

Several hedge funds have recently bought and sold shares of CVLT. Cullen Frost Bankers Inc. grew its position in CommVault Systems by 43.8% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock valued at $46,000 after acquiring an additional 74 shares in the last quarter. JSF Financial LLC lifted its position in shares of CommVault Systems by 1.1% during the third quarter. JSF Financial LLC now owns 7,345 shares of the software maker’s stock worth $1,387,000 after purchasing an additional 82 shares in the last quarter. Assetmark Inc. boosted its stake 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 during the period. Farther Finance Advisors LLC boosted its stake in shares of CommVault Systems by 17.1% in the third quarter. Farther Finance Advisors LLC now owns 652 shares of the software maker’s stock valued at $123,000 after purchasing an additional 95 shares during the period. Finally, Louisiana State Employees Retirement System grew its holdings in shares of CommVault Systems by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the software maker’s stock valued at $2,162,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

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.