FY2027 Earnings Forecast for CVLT Issued By DA Davidson

Commvault Systems, Inc. (NASDAQ:CVLT) – DA Davidson issued their FY2027 EPS estimates for shares of Commvault Systems in a research report issued on Wednesday, April 30th. DA Davidson analyst R. Kessinger forecasts that the software maker will post earnings per share of $2.36 for the year. DA Davidson currently has a “Buy” rating and a $200.00 target price on the stock. The consensus estimate for Commvault Systems’ current full-year earnings is $1.65 per share.

Other research analysts also recently issued reports about the company. Guggenheim restated a “neutral” rating on shares of Commvault Systems in a report on Wednesday, April 23rd. William Blair upgraded Commvault Systems from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 30th. Piper Sandler lowered their price objective on shares of Commvault Systems from $154.00 to $147.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Oppenheimer raised their target price on shares of Commvault Systems from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Finally, Royal Bank of Canada upped their price target on shares of Commvault Systems from $175.00 to $185.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $175.25.

Commvault Systems Price Performance

Shares of CVLT stock opened at $174.00 on Monday. The company’s 50-day simple moving average is $158.52 and its two-hundred day simple moving average is $162.42. Commvault Systems has a one year low of $105.76 and a one year high of $190.11. The company has a market capitalization of $7.66 billion, a P/E ratio of 45.67 and a beta of 0.71.

Commvault Systems (NASDAQ:CVLT) last announced its earnings results on Tuesday, April 29th. The software maker reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.10. Commvault Systems had a return on equity of 28.69% and a net margin of 18.14%. The business had revenue of $275.04 million during the quarter, compared to analyst estimates of $262.52 million. During the same quarter in the previous year, the business earned $0.79 earnings per share. The company’s revenue for the quarter was up 23.2% compared to the same quarter last year.

Institutional Trading of Commvault Systems

Large investors have recently added to or reduced their stakes in the company. Invesco Ltd. boosted its position in Commvault Systems by 57.7% in the fourth quarter. Invesco Ltd. now owns 1,660,108 shares of the software maker’s stock valued at $250,527,000 after buying an additional 607,643 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Commvault Systems by 604.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 647,525 shares of the software maker’s stock valued at $98,479,000 after acquiring an additional 555,656 shares during the last quarter. Norges Bank acquired a new stake in shares of Commvault Systems in the fourth quarter worth $79,619,000. Wedge Capital Management L L P NC increased its stake in shares of Commvault Systems by 1,936.0% in the first quarter. Wedge Capital Management L L P NC now owns 360,355 shares of the software maker’s stock worth $56,850,000 after acquiring an additional 342,656 shares during the period. Finally, Polar Capital Holdings Plc lifted its position in Commvault Systems by 182.5% during the fourth quarter. Polar Capital Holdings Plc now owns 362,958 shares of the software maker’s stock valued at $54,774,000 after purchasing an additional 234,477 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insiders Place Their Bets

In other Commvault Systems news, insider Gary Merrill sold 3,287 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $186.94, for a total value of $614,471.78. Following the completion of the transaction, the insider now owns 87,316 shares of the company’s stock, valued at approximately $16,322,853.04. This trade represents a 3.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sanjay Mirchandani sold 12,318 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $185.96, for a total transaction of $2,290,655.28. Following the sale, the chief executive officer now directly owns 427,231 shares in the company, valued at $79,447,876.76. This trade represents a 2.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Commvault Systems Company Profile

Commvault Systems, Inc provides data protection platform that helps customers to secure, defend, and recover their data in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls.