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

Shares of CommVault Systems, Inc. (NASDAQ:CVLT) have earned a consensus rating of “Moderate Buy” from the sixteen research firms that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $141.3846.

CVLT has been the subject of several recent research reports. Loop Capital began coverage on shares of CommVault Systems in a research report on Tuesday. They issued a “buy” rating and a $125.00 price objective for the company. William Blair reaffirmed a “market perform” rating on shares of CommVault Systems in a research report on Monday. Mizuho lowered their price target on CommVault Systems from $180.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, January 28th. Oppenheimer cut their price objective on CommVault Systems from $180.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 28th. Finally, DA Davidson reduced their price objective on CommVault Systems from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, March 17th.

Insider Activity

In other CommVault Systems news, CEO Sanjay Mirchandani sold 10,052 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $80.09, for a total value of $805,064.68. Following the completion of the sale, the chief executive officer owned 332,529 shares of the company’s stock, valued at $26,632,247.61. This trade represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gary Merrill sold 1,892 shares of CommVault Systems stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $91.28, for a total transaction of $172,701.76. Following the sale, the insider owned 62,833 shares in the company, valued at $5,735,396.24. This represents a 2.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 31,355 shares of company stock worth $2,613,165. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. State of Wyoming purchased a new stake in CommVault Systems during the 2nd quarter worth $35,000. Banque Cantonale Vaudoise purchased a new position in CommVault Systems in the 3rd quarter valued at about $39,000. Cullen Frost Bankers Inc. boosted its position in CommVault Systems by 43.8% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock valued at $46,000 after buying an additional 74 shares during the last quarter. Assetmark Inc. grew its stake in shares of CommVault Systems by 2,950.0% during the third quarter. Assetmark Inc. now owns 244 shares of the software maker’s stock valued at $46,000 after acquiring an additional 236 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of CommVault Systems during the third quarter valued at about $47,000. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

CommVault Systems Stock Up 1.8%

Shares of NASDAQ:CVLT opened at $81.16 on Friday. The stock has a 50-day simple moving average of $90.25 and a 200-day simple moving average of $127.33. The stock has a market capitalization of $3.57 billion, a P/E ratio of 41.84 and a beta of 0.59. CommVault Systems has a 1 year low of $76.99 and a 1 year high of $200.68. The company has a debt-to-equity ratio of 4.06, a quick ratio of 2.34 and a current ratio of 2.34.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.17 EPS for the quarter, beating the consensus estimate of $0.98 by $0.19. The firm had revenue of $313.83 million for the quarter, compared to analyst estimates of $299.07 million. CommVault Systems had a net margin of 7.58% and a return on equity of 37.38%. 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 firm posted $0.94 earnings per share. Equities analysts forecast that CommVault Systems will post 1.65 earnings per share 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.