CommVault Systems, Inc. (NASDAQ:CVLT) Receives $143.58 Average PT from Analysts

CommVault Systems, Inc. (NASDAQ:CVLT) has been given an average rating of “Moderate Buy” by the fourteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $143.5833.

A number of equities analysts have commented on the stock. Cantor Fitzgerald reduced their price objective on shares of CommVault Systems from $144.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, January 28th. Piper Sandler cut their target price on shares of CommVault Systems from $186.00 to $155.00 and set an “overweight” rating for the company in a research note on Monday, January 5th. Mizuho reduced their target price on shares of CommVault Systems from $180.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, January 28th. KeyCorp lowered their price target on shares of CommVault Systems from $152.00 to $108.00 and set an “overweight” rating on the stock in a report on Wednesday, January 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of CommVault Systems in a research report on Wednesday, January 21st.

Insider Buying and Selling

In other CommVault Systems news, CEO Sanjay Mirchandani sold 6,480 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $90.28, for a total transaction of $585,014.40. Following the transaction, the chief executive officer owned 352,919 shares in the company, valued at $31,861,527.32. This trade represents a 1.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gary Merrill sold 2,593 shares of CommVault Systems stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $90.28, for a total value of $234,096.04. Following the sale, the insider directly owned 64,725 shares of the company’s stock, valued at $5,843,373. This represents a 3.85% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 10,965 shares of company stock worth $991,812. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CommVault Systems

A number of hedge funds have recently bought and sold shares of the business. State of Wyoming acquired a new stake in shares of CommVault Systems during the 2nd quarter worth approximately $35,000. Banque Cantonale Vaudoise bought a new stake in CommVault Systems during the third quarter worth $39,000. Cullen Frost Bankers Inc. lifted its stake in CommVault Systems by 43.8% during the third quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock worth $46,000 after purchasing an additional 74 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of CommVault Systems by 2,950.0% in the 3rd quarter. Assetmark Inc. now owns 244 shares of the software maker’s stock valued at $46,000 after purchasing an additional 236 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of CommVault Systems in the 3rd quarter valued at $47,000. 93.50% of the stock is owned by institutional investors.

CommVault Systems Stock Performance

NASDAQ CVLT opened at $85.08 on Wednesday. The firm has a market capitalization of $3.74 billion, a P/E ratio of 43.86 and a beta of 0.59. 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 firm’s fifty day moving average price is $106.97 and its two-hundred day moving average price is $140.45. CommVault Systems has a 1 year low of $79.51 and a 1 year high of $200.68.

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 the consensus estimate of $0.98 by $0.19. CommVault Systems had a net margin of 7.58% and a return on equity of 37.38%. The company had revenue of $313.83 million for the quarter, compared to analyst estimates of $299.07 million. During the same period in the previous year, the business earned $0.94 EPS. CommVault Systems’s revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, research analysts anticipate 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.