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

CommVault Systems, Inc. (NASDAQ:CVLT) has been given an average recommendation of “Moderate Buy” by the nineteen brokerages that are presently covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $135.00.

Several brokerages have issued reports on CVLT. DA Davidson reissued a “buy” rating and issued a $125.00 price target on shares of CommVault Systems in a report on Monday, April 13th. Wall Street Zen lowered shares of CommVault Systems from a “buy” rating to a “hold” rating in a report on Saturday. Truist Financial reissued a “buy” rating and issued a $155.00 price target (down from $175.00) on shares of CommVault Systems in a report on Wednesday, January 28th. Cantor Fitzgerald lowered their price target on shares of CommVault Systems from $144.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, January 28th. Finally, Scotiabank boosted their price target on shares of CommVault Systems from $105.00 to $110.00 and gave the company a “sector perform” rating in a report on Wednesday, April 29th.

CommVault Systems Trading Up 1.8%

Shares of CVLT stock opened at $103.90 on Monday. CommVault Systems has a 1 year low of $71.75 and a 1 year high of $200.68. The firm’s fifty day simple moving average is $88.36 and its 200 day simple moving average is $105.72. The firm has a market capitalization of $4.29 billion, a P/E ratio of 65.35 and a beta of 0.77. The company has a current ratio of 1.95, a quick ratio of 2.34 and a debt-to-equity ratio of 117.54.

CommVault Systems (NASDAQ:CVLT) last announced its earnings results on Tuesday, April 28th. The software maker reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.19. CommVault Systems had a net margin of 5.97% and a return on equity of 51.64%. The business had revenue of $311.69 million for the quarter, compared to analyst estimates of $306.71 million. During the same quarter in the previous year, the firm posted $1.03 earnings per share. CommVault Systems’s revenue was up 13.3% compared to the same quarter last year. As a group, sell-side analysts predict that CommVault Systems will post 2.86 EPS for the current year.

Insider Buying and Selling at CommVault Systems

In other CommVault Systems news, insider Gary Merrill sold 1,892 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $91.28, for a total value of $172,701.76. Following the sale, the insider owned 62,833 shares of the company’s stock, valued at $5,735,396.24. The trade was a 2.92% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Sanjay Mirchandani sold 10,052 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $80.09, for a total transaction of $805,064.68. Following the completion of the sale, the chief executive officer owned 332,529 shares in the company, valued at $26,632,247.61. This represents a 2.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 31,355 shares of company stock worth $2,613,165 in the last three months. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On CommVault Systems

Several institutional investors and hedge funds have recently made changes to their positions in CVLT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of CommVault Systems by 8.6% in the 1st 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 in the last quarter. Sivia Capital Partners LLC acquired a new position in CommVault Systems during the 2nd quarter worth about $327,000. Cetera Investment Advisers lifted its position in CommVault Systems by 13.4% during the 2nd quarter. Cetera Investment Advisers now owns 2,486 shares of the software maker’s stock worth $433,000 after buying an additional 294 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in CommVault Systems by 188.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock worth $47,000 after buying an additional 177 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its position in CommVault Systems by 43.8% during the 2nd quarter. Guggenheim Capital LLC now owns 4,245 shares of the software maker’s stock worth $740,000 after buying an additional 1,293 shares in the last quarter. Institutional investors and hedge funds 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.