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

CommVault Systems, Inc. (NASDAQ:CVLT) has earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $143.5833.

CVLT has been the topic of several analyst reports. Zacks Research raised shares of CommVault Systems from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Wall Street Zen raised shares of CommVault Systems from a “hold” rating to a “buy” rating in a research report on Saturday. Stephens dropped their target price on CommVault Systems from $162.00 to $135.00 and set an “overweight” rating on the stock in a report on Wednesday. Oppenheimer decreased their price target on CommVault Systems from $180.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of CommVault Systems in a report on Wednesday, January 21st.

CommVault Systems Trading Down 2.1%

NASDAQ:CVLT opened at $85.70 on Friday. CommVault Systems has a 12-month low of $84.44 and a 12-month high of $200.68. The firm has a market cap of $3.77 billion, a PE ratio of 44.18 and a beta of 0.57. The company has a current ratio of 2.34, a quick ratio of 2.53 and a debt-to-equity ratio of 4.06. The stock has a fifty day moving average price of $121.18 and a 200 day moving average price of $152.96.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.19. The company had revenue of $313.83 million for the quarter, compared to analyst estimates of $299.07 million. CommVault Systems had a return on equity of 37.38% and a net margin of 7.58%.CommVault Systems’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.94 EPS. Sell-side analysts anticipate that CommVault Systems will post 1.65 earnings per share for the current fiscal year.

Insider Transactions at CommVault Systems

In other CommVault Systems news, insider Gary Merrill sold 1,845 shares of the company’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $122.40, for a total value of $225,828.00. Following the completion of the transaction, the insider owned 67,318 shares in the company, valued at $8,239,723.20. This represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sanjay Mirchandani sold 13,109 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $121.15, for a total value of $1,588,155.35. Following the transaction, the chief executive officer directly owned 359,260 shares in the company, valued at approximately $43,524,349. The trade was a 3.52% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 33,111 shares of company stock worth $4,058,851. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CVLT. State of Wyoming acquired a new stake in CommVault Systems in the second quarter valued at about $35,000. FNY Investment Advisers LLC acquired a new stake in shares of CommVault Systems in the 4th quarter valued at approximately $36,000. Banque Cantonale Vaudoise purchased a new stake in shares of CommVault Systems in the third quarter valued at approximately $39,000. Assetmark Inc. grew its holdings in CommVault Systems by 33.6% during the fourth quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock worth $41,000 after acquiring an additional 82 shares during the period. Finally, Cullen Frost Bankers Inc. raised its position in CommVault Systems by 43.8% in the third quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock worth $46,000 after acquiring an additional 74 shares in the last quarter. Hedge funds and other 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.