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

Shares of CommVault Systems, Inc. (NASDAQ:CVLT) have been given an average recommendation of “Moderate Buy” by the twenty ratings firms that are covering the firm, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $152.4667.

Several brokerages have weighed in on CVLT. Stephens lifted their price objective on CommVault Systems from $135.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, June 16th. Scotiabank reiterated a “sector perform” rating and set a $130.00 price objective on shares of CommVault Systems in a research note on Wednesday. DA Davidson set a $175.00 price target on CommVault Systems in a research note on Wednesday. Jefferies Financial Group reiterated a “hold” rating and issued a $130.00 target price on shares of CommVault Systems in a research report on Wednesday. Finally, UBS Group reissued a “neutral” rating on shares of CommVault Systems in a report on Monday.

Insider Activity

In related news, CEO Sanjay Mirchandani sold 8,450 shares of CommVault Systems stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $99.13, for a total transaction of $837,648.50. Following the sale, the chief executive officer directly owned 306,927 shares in the company, valued at $30,425,673.51. This trade represents a 2.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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. Also, CAO Danielle Nicole Abrahamsen sold 254 shares of CommVault Systems stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $150.00, for a total transaction of $38,100.00. Following the transaction, the chief accounting officer owned 13,156 shares in the company, valued at approximately $1,973,400. This trade represents a 1.89% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 55,279 shares of company stock valued at $5,786,557. 0.86% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CommVault Systems

Large investors have recently added to or reduced their stakes in the business. State of Wyoming acquired a new stake in shares of CommVault Systems during the 2nd quarter worth approximately $35,000. FNY Investment Advisers LLC bought a new position in CommVault Systems during the fourth quarter worth $36,000. Essential Partners LLC grew its holdings in CommVault Systems by 9,920.0% in the first quarter. Essential Partners LLC now owns 501 shares of the software maker’s stock worth $39,000 after purchasing an additional 496 shares during the period. Banque Cantonale Vaudoise bought a new stake in CommVault Systems in the third quarter valued at $39,000. Finally, Assetmark Inc. raised its holdings in shares of CommVault Systems by 33.6% during the fourth quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock valued at $41,000 after purchasing an additional 82 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

CommVault Systems Stock Up 1.2%

Shares of CVLT opened at $117.80 on Friday. CommVault Systems has a 12 month low of $71.75 and a 12 month high of $198.18. The firm’s 50 day moving average is $132.89 and its 200-day moving average is $107.00. The stock has a market capitalization of $4.88 billion, a PE ratio of 75.03 and a beta of 0.79. The company has a current ratio of 2.04, a quick ratio of 1.95 and a debt-to-equity ratio of 16.94.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings results on Tuesday, July 28th. The software maker reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.26. The business had revenue of $314.13 million during the quarter, compared to analysts’ expectations of $310.43 million. CommVault Systems had a return on equity of 88.75% and a net margin of 5.62%.The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 earnings per share. Equities research analysts forecast that CommVault Systems will post 2.85 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.