CommVault Systems, Inc. (NASDAQ:CVLT) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• CommVault Systems, Inc. has received a consensus recommendation of "Moderate Buy" from twelve research firms, with a target price averaging $211.67.
• CEO Sanjay Mirchandani and insider Gary Merrill both sold shares recently, indicating a decrease in their holdings by 2.41% and 17.51%, respectively.
• The company's stock has shown a 26% year-over-year revenue growth for the latest quarter, with earnings per share beating consensus estimates.

CommVault Systems, Inc. (NASDAQ:CVLT - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twelve research firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $211.6667.

Several equities research analysts recently issued reports on the stock. Weiss Ratings restated a "hold (c)" rating on shares of CommVault Systems in a research report on Wednesday, October 8th. KeyCorp lifted their target price on shares of CommVault Systems from $195.00 to $225.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. DA Davidson boosted their price objective on shares of CommVault Systems from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Truist Financial started coverage on shares of CommVault Systems in a report on Wednesday, October 8th. They issued a "buy" rating and a $230.00 target price on the stock. Finally, Zacks Research upgraded shares of CommVault Systems from a "hold" rating to a "strong-buy" rating in a report on Monday, October 13th.

Insider Transactions at CommVault Systems

In related news, CEO Sanjay Mirchandani sold 11,320 shares of CommVault Systems stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $177.83, for a total value of $2,013,035.60. Following the transaction, the chief executive officer owned 458,361 shares of the company's stock, valued at approximately $81,510,336.63. This trade represents a 2.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gary Merrill sold 15,244 shares of CommVault Systems stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $178.01, for a total value of $2,713,584.44. Following the transaction, the insider directly owned 71,837 shares in the company, valued at approximately $12,787,704.37. This trade represents a 17.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,942 shares of company stock valued at $10,019,157 in the last three months. 1.00% of the stock is currently owned by insiders.

Institutional Trading of CommVault Systems

A number of large investors have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its holdings in CommVault Systems by 33.4% in the first quarter. GAMMA Investing LLC now owns 1,342 shares of the software maker's stock valued at $212,000 after acquiring an additional 336 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in CommVault Systems in the first quarter valued at approximately $243,000. State of Alaska Department of Revenue boosted its stake in CommVault Systems by 3.4% in the 1st quarter. State of Alaska Department of Revenue now owns 5,156 shares of the software maker's stock valued at $813,000 after purchasing an additional 170 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of CommVault Systems by 10.9% during the 1st quarter. Oppenheimer & Co. Inc. now owns 2,697 shares of the software maker's stock valued at $425,000 after purchasing an additional 264 shares in the last quarter. Finally, Asset Management One Co. Ltd. purchased a new position in shares of CommVault Systems in the first quarter worth about $1,229,000. 93.50% of the stock is currently owned by institutional investors.

CommVault Systems Stock Down 2.8%

Shares of NASDAQ:CVLT opened at $170.06 on Thursday. CommVault Systems has a 52 week low of $128.07 and a 52 week high of $200.68. The stock has a market capitalization of $7.56 billion, a P/E ratio of 94.48 and a beta of 0.72. The firm has a fifty day simple moving average of $181.25 and a two-hundred day simple moving average of $175.65.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The software maker reported $1.01 EPS for the quarter, beating the consensus estimate of $0.97 by $0.04. The business had revenue of $281.98 million during the quarter, compared to analyst estimates of $267.83 million. CommVault Systems had a net margin of 7.70% and a return on equity of 30.83%. The company's quarterly revenue was up 26% on a year-over-year basis. CommVault Systems has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, analysts expect that CommVault Systems will post 1.65 earnings per share for the current year.

CommVault Systems Company Profile

Commvault Systems, Inc provides data protection platform that helps customers to secure, defend, and recover their data in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls.

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