Brokerages Set CommVault Systems, Inc. (NASDAQ:CVLT) Price Target at $152.47

CommVault Systems, Inc. (NASDAQ:CVLT) has been assigned an average rating of “Moderate Buy” from the twenty analysts that are currently covering the firm, Marketbeat reports. Ten analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $152.4667.

A number of research firms have recently weighed in on CVLT. Royal Bank Of Canada upped their price target on shares of CommVault Systems from $100.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 29th. Weiss Ratings raised CommVault Systems from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 16th. Scotiabank restated a “sector perform” rating and issued a $130.00 price target on shares of CommVault Systems in a report on Wednesday, July 29th. DA Davidson set a $175.00 price objective on CommVault Systems in a research note on Wednesday, July 29th. Finally, Wolfe Research began coverage on CommVault Systems in a report on Friday, May 1st. They set a “peer perform” rating for the company.

Insiders Place Their Bets

In other news, Director A Shane Sanders sold 476 shares of CommVault Systems stock in a transaction on Monday, August 10th. The stock was sold at an average price of $134.19, for a total transaction of $63,874.44. Following the completion of the transaction, the director owned 8,696 shares of the company’s stock, valued at $1,166,916.24. The trade was a 5.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Danielle Nicole Abrahamsen sold 486 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $142.80, for a total transaction of $69,400.80. Following the completion of the sale, the chief accounting officer owned 12,160 shares in the company, valued at $1,736,448. This represents a 3.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 29,602 shares of company stock valued at $4,240,541. Company insiders own 0.86% of the company’s stock.

Institutional Trading of CommVault Systems

Several large investors have recently modified their holdings of the business. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of CommVault Systems during the 2nd quarter worth approximately $1,599,000. California State Teachers Retirement System lifted its stake in CommVault Systems by 13,810.8% in the 2nd quarter. California State Teachers Retirement System now owns 7,182,168 shares of the software maker’s stock valued at $1,017,929,000 after buying an additional 7,130,538 shares in the last quarter. HB Wealth Management LLC acquired a new stake in CommVault Systems during the 2nd quarter valued at $420,000. AlphaGrep UK Ltd acquired a new stake in CommVault Systems during the 2nd quarter valued at $287,000. Finally, Turner Financial Group Inc. purchased a new position in CommVault Systems during the second quarter worth $427,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

CommVault Systems Trading Up 0.0%

Shares of CommVault Systems stock opened at $131.16 on Wednesday. CommVault Systems has a 52-week low of $71.75 and a 52-week high of $198.18. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 16.94. The company’s 50-day simple moving average is $138.81 and its 200-day simple moving average is $110.34. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 83.54 and a beta of 0.81.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, July 28th. The software maker reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.26. CommVault Systems had a net margin of 5.62% and a return on equity of 88.75%. The firm had revenue of $314.13 million during the quarter, compared to the consensus estimate of $310.43 million. During the same quarter last year, the firm earned $1.01 earnings per share. The firm’s revenue was up 11.4% compared to the same quarter last year. As a group, equities research analysts anticipate that CommVault Systems will post 2.84 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.