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

Shares of CommVault Systems, Inc. (NASDAQ:CVLT) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $143.5833.

Several research analysts have commented on CVLT shares. KeyCorp dropped their price objective 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. Wall Street Zen raised shares of CommVault Systems from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. DA Davidson reduced their price objective on shares of CommVault Systems from $185.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. Royal Bank Of Canada decreased their price objective on shares of CommVault Systems from $167.00 to $100.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 28th. Finally, Zacks Research upgraded CommVault Systems from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th.

Insider Buying and Selling at CommVault Systems

In other CommVault Systems news, CFO Jennifer Leigh Dirico sold 830 shares of the 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 sale, 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. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Gary Merrill sold 2,674 shares of CommVault Systems stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $123.58, for a total value of $330,452.92. Following the sale, the insider owned 69,163 shares of the company’s stock, valued at approximately $8,547,163.54. This trade represents a 3.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 33,111 shares of company stock valued at $4,058,851 in the last quarter. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On CommVault Systems

Hedge funds have recently added to or reduced their stakes in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of CommVault Systems by 8.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,410 shares of the software maker’s stock valued at $23,255,000 after purchasing an additional 11,700 shares during the period. Sivia Capital Partners LLC bought a new stake in CommVault Systems during the 2nd quarter valued at $327,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of CommVault Systems by 23.8% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,750 shares of the software maker’s stock worth $305,000 after buying an additional 336 shares in the last quarter. Hennessy Advisors Inc. purchased a new position in shares of CommVault Systems during the second quarter valued at $113,000. Finally, 111 Capital purchased a new position in shares of CommVault Systems during the second quarter valued at $507,000. 93.50% of the stock is currently owned by institutional investors.

CommVault Systems Trading Up 0.3%

CVLT opened at $81.97 on Friday. The stock has a 50-day moving average of $118.86 and a 200 day moving average of $151.04. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 4.06. CommVault Systems has a 12 month low of $79.51 and a 12 month high of $200.68. The firm has a market cap of $3.60 billion, a P/E ratio of 42.25 and a beta of 0.59.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings data 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 business had revenue of $313.83 million for the quarter, compared to the consensus estimate of $299.07 million. CommVault Systems had a return on equity of 37.38% and a net margin of 7.58%.The company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.94 earnings per share. As a group, research analysts forecast that CommVault Systems will post 1.65 EPS for the current year.

About CommVault Systems

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.