CommVault Systems, Inc. (NASDAQ:CVLT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

CommVault Systems, Inc. (NASDAQ:CVLT) has received a consensus rating of “Moderate Buy” from the fourteen brokerages that are currently 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 assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $142.75.

Several equities analysts have recently issued reports on CVLT shares. Piper Sandler decreased their price objective on CommVault Systems from $186.00 to $155.00 and set an “overweight” rating for the company in a report on Monday, January 5th. Zacks Research upgraded CommVault Systems from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. KeyCorp decreased their target price on shares of CommVault Systems from $152.00 to $108.00 and set an “overweight” rating for the company in a research note on Wednesday, January 28th. Weiss Ratings restated a “hold (c)” rating on shares of CommVault Systems in a research report on Wednesday, January 21st. Finally, Wells Fargo & Company decreased their price objective 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.

Insider Activity at CommVault Systems

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CVLT. Federated Hermes Inc. grew its holdings in shares of CommVault Systems by 9.7% during the third quarter. Federated Hermes Inc. now owns 322,053 shares of the software maker’s stock worth $60,797,000 after buying an additional 28,596 shares in the last quarter. JPMorgan Chase & Co. boosted its position in CommVault Systems by 131.7% during the third quarter. JPMorgan Chase & Co. now owns 382,778 shares of the software maker’s stock worth $72,261,000 after acquiring an additional 217,557 shares during the last quarter. Emerald Advisers LLC raised its holdings in CommVault Systems by 47.4% in the 3rd quarter. Emerald Advisers LLC now owns 156,894 shares of the software maker’s stock valued at $29,618,000 after acquiring an additional 50,470 shares during the last quarter. Strengthening Families & Communities LLC lifted its stake in CommVault Systems by 2,215.4% in the 3rd quarter. Strengthening Families & Communities LLC now owns 18,037 shares of the software maker’s stock worth $3,350,000 after purchasing an additional 17,258 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of CommVault Systems by 19.4% during the 3rd quarter. Victory Capital Management Inc. now owns 118,284 shares of the software maker’s stock worth $22,330,000 after purchasing an additional 19,218 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

CommVault Systems Price Performance

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 company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 4.06. The company has a market cap of $3.49 billion, a PE ratio of 40.93 and a beta of 0.59. The company’s 50 day moving average is $93.90 and its 200 day moving average is $129.73.

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 analysts’ consensus estimates of $0.98 by $0.19. The firm had revenue of $313.83 million for the quarter, compared to analyst estimates of $299.07 million. CommVault Systems had a net margin of 7.58% and a return on equity of 37.38%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 earnings per share. On average, sell-side analysts forecast that CommVault Systems will post 1.65 EPS for the current year.

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.