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

CommVault Systems, Inc. (NASDAQ:CVLT) has been assigned an average rating of “Moderate Buy” from the nineteen research firms that are currently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has 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 $136.3333.

A number of equities research analysts have recently issued reports on CVLT shares. Stephens upped their price objective on CommVault Systems from $135.00 to $155.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 16th. Royal Bank Of Canada upped their target price on shares of CommVault Systems from $100.00 to $110.00 and gave the company a “sector perform” rating in a report on Wednesday, April 29th. Weiss Ratings raised shares of CommVault Systems from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 16th. KeyCorp upped their target price on shares of CommVault Systems from $108.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Finally, Zacks Research cut shares of CommVault Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st.

CommVault Systems Trading Up 3.0%

Shares of CommVault Systems stock opened at $144.18 on Tuesday. CommVault Systems has a 12-month low of $71.75 and a 12-month high of $200.68. The stock has a market cap of $5.97 billion, a P/E ratio of 90.68 and a beta of 0.82. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 117.54. The business’s 50 day moving average is $112.43 and its 200-day moving average is $103.92.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, April 28th. The software maker reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.19. CommVault Systems had a return on equity of 51.64% and a net margin of 5.97%.The company had revenue of $311.69 million for the quarter, compared to analysts’ expectations of $306.71 million. During the same quarter in the prior year, the business posted $1.03 EPS. The business’s revenue was up 13.3% compared to the same quarter last year. Equities research analysts predict that CommVault Systems will post 2.86 earnings per share for the current fiscal year.

CommVault Systems News Roundup

Here are the key news stories impacting CommVault Systems this week:

• Positive Sentiment: CVLT rose after reports highlighted a new Native Azure AI cyber resilience deal, suggesting investors are betting on stronger product demand and improved growth prospects.
• Neutral Sentiment: Several law firms, including Rosen, Faruqi & Faruqi, Howard G. Smith, the Schall Law Firm, and Robbins LLP, are reminding investors about the lead-plaintiff deadline in the pending securities class action, keeping Commvault in the legal spotlight. Article Title
• Neutral Sentiment: One article noted that the lawsuit alleges Commvault misled investors about growth prospects during the class period, but this is a continuation of already-known litigation rather than a new development. Article Title
• Negative Sentiment: The repeated class-action notices and investor-loss claims may weigh on sentiment by reinforcing concerns about past disclosures, potential liability, and management credibility. Article Title

Insider Activity

In related news, CEO Sanjay Mirchandani sold 8,450 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $99.13, for a total value of $837,648.50. Following the sale, the chief executive officer owned 306,927 shares in the company, valued at approximately $30,425,673.51. This represents a 2.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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. Also, CFO Gary Merrill sold 4,554 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $106.70, for a total value of $485,911.80. Following the completion of the sale, the chief financial officer owned 72,775 shares in the company, valued at approximately $7,765,092.50. This trade represents a 5.89% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 ninety days, insiders have sold 55,025 shares of company stock valued at $5,748,457. 0.86% of the stock is owned by company insiders.

Institutional Investors Weigh In On CommVault Systems

Large investors have recently added to or reduced their stakes in the business. State of Wyoming bought a new stake in CommVault Systems in the 2nd quarter valued at $35,000. FNY Investment Advisers LLC bought a new position in CommVault Systems in the 4th quarter valued at about $36,000. Essential Partners LLC raised its holdings in CommVault Systems by 9,920.0% in the 1st quarter. Essential Partners LLC now owns 501 shares of the software maker’s stock valued at $39,000 after acquiring an additional 496 shares during the period. Banque Cantonale Vaudoise bought a new position in CommVault Systems in the 3rd quarter valued at about $39,000. Finally, Assetmark Inc. raised its holdings in CommVault Systems by 33.6% in the 4th quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock valued at $41,000 after acquiring an additional 82 shares during the period. Institutional investors 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.