CommVault Systems, Inc. (NASDAQ:CVLT) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• CommVault Systems has a consensus analyst rating of “Moderate Buy”, with 10 buy ratings, 1 strong buy, and 8 holds. The average 1-year price target is $135.
• The company recently beat quarterly expectations, reporting $1.28 EPS versus the $1.09 estimate and revenue of $311.69 million versus the $306.71 million consensus. Revenue rose 13.3% year over year.
• Insider activity has leaned toward selling, including CEO Sanjay Mirchandani and insider Gary Merrill trimming holdings. Meanwhile, institutional investors own a dominant 93.5% of the stock.

Shares of CommVault Systems, Inc. (NASDAQ:CVLT - Get Free Report) have been given an average rating of "Moderate Buy" by the nineteen analysts that are currently covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $135.00.

A number of brokerages recently issued reports on CVLT. Truist Financial reiterated a "buy" rating and issued a $155.00 price target (down from $175.00) on shares of CommVault Systems in a research note on Wednesday, January 28th. Stephens dropped their price target on shares of CommVault Systems from $162.00 to $135.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 28th. William Blair restated a "market perform" rating on shares of CommVault Systems in a report on Monday, March 23rd. Royal Bank Of Canada boosted their price objective on shares of CommVault Systems from $100.00 to $110.00 and gave the stock a "sector perform" rating in a report on Wednesday, April 29th. Finally, Zacks Research lowered shares of CommVault Systems from a "strong-buy" rating to a "hold" rating in a report on Friday, May 1st.

Insider Activity

In related news, CEO Sanjay Mirchandani sold 10,052 shares of CommVault Systems stock in a transaction dated Tuesday, March 17th. The stock was 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 directly owned 332,529 shares in the company, valued at approximately $26,632,247.61. This trade represents a 2.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gary Merrill sold 1,892 shares of CommVault Systems stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $91.28, for a total value of $172,701.76. Following the completion of 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 31,355 shares of company stock valued at $2,613,165 over the last quarter. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CommVault Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in CVLT. State of Wyoming bought a new position in CommVault Systems in the second quarter valued at about $35,000. FNY Investment Advisers LLC bought a new position in CommVault Systems in the fourth quarter valued at about $36,000. Banque Cantonale Vaudoise bought a new position in CommVault Systems in the third quarter valued at about $39,000. Assetmark Inc. lifted its holdings in CommVault Systems by 33.6% in the fourth quarter. Assetmark Inc. now owns 326 shares of the software maker's stock valued at $41,000 after acquiring an additional 82 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its holdings in CommVault Systems by 43.8% in the third quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker's stock valued at $46,000 after acquiring an additional 74 shares during the period. Hedge funds and other institutional investors own 93.50% of the company's stock.

CommVault Systems Stock Performance

CommVault Systems stock opened at $105.09 on Monday. The company has a quick ratio of 2.34, a current ratio of 1.95 and a debt-to-equity ratio of 117.54. The company has a market capitalization of $4.62 billion, a P/E ratio of 66.09 and a beta of 0.77. The stock's 50 day moving average is $86.42 and its 200 day moving average is $108.17. CommVault Systems has a twelve month low of $71.75 and a twelve month high of $200.68.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The software maker reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.19. The company had revenue of $311.69 million for the quarter, compared to the consensus estimate of $306.71 million. CommVault Systems had a return on equity of 51.64% and a net margin of 5.97%.The firm's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.03 EPS. On average, equities research analysts predict that CommVault Systems will post 2.86 earnings per share for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.