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

Key Points

• Analyst consensus: Sixteen analysts give CommVault a consensus rating of "Moderate Buy" (4 holds, 10 buys, 2 strong buys) with an average 1-year price target of $137.15, though several firms (Stephens, KeyCorp, Mizuho) recently trimmed targets while Loop Capital and Zacks issued fresh/stronger coverage.
• Quarterly results: CommVault beat expectations with $1.17 EPS vs. $0.98 expected and revenue of $313.8M (up 19.5% year-over-year); the stock trades around $93.21, with a $4.1B market cap and a trailing P/E near 48.
• Insider and institutional activity: CEO Sanjay Mirchandani sold 10,052 shares at about $80.09 (insiders sold ~31,355 shares, ~$2.6M, last quarter), while institutional ownership is very high (~93.5%) with large new or increased stakes from firms like Tudor, First Trust and M&T.

Shares of CommVault Systems, Inc. (NASDAQ:CVLT - Get Free Report) have earned an average recommendation of "Moderate Buy" from the sixteen analysts that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, ten have given a buy rating and two have 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 $137.1538.

CVLT has been the topic of a number of recent research reports. Stephens dropped their target price on CommVault Systems from $162.00 to $135.00 and set an "overweight" rating on the stock in a report on Wednesday, January 28th. KeyCorp lowered their price target on CommVault Systems from $152.00 to $108.00 and set an "overweight" rating for the company in a research report on Wednesday, January 28th. Loop Capital started coverage on shares of CommVault Systems in a report on Tuesday, March 24th. They set a "buy" rating and a $125.00 price objective on the stock. Zacks Research upgraded shares of CommVault Systems from a "hold" rating to a "strong-buy" rating in a report on Friday, January 30th. Finally, Mizuho dropped their price target on shares of CommVault Systems from $180.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 28th.

Insider Activity

In other news, CEO Sanjay Mirchandani sold 10,052 shares of the company's stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 332,529 shares of the company's stock, valued at $26,632,247.61. This represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Gary Merrill sold 1,892 shares of the stock in a transaction that occurred 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 directly 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. In the last quarter, insiders sold 31,355 shares of company stock valued at $2,613,165. Company insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On CommVault Systems

Several large investors have recently made changes to their positions in the business. Tudor Investment Corp ET AL purchased a new position in CommVault Systems in the 3rd quarter valued at approximately $1,887,800,000. First Trust Advisors LP lifted its position in shares of CommVault Systems by 1,335.8% during the third quarter. First Trust Advisors LP now owns 1,224,856 shares of the software maker's stock worth $231,228,000 after acquiring an additional 1,139,547 shares in the last quarter. M&T Bank Corp boosted its holdings in shares of CommVault Systems by 22,133.9% in the fourth quarter. M&T Bank Corp now owns 610,098 shares of the software maker's stock worth $76,482,000 after acquiring an additional 607,354 shares during the period. Westfield Capital Management Co. LP boosted its holdings in shares of CommVault Systems by 135.6% in the third quarter. Westfield Capital Management Co. LP now owns 786,175 shares of the software maker's stock worth $148,414,000 after acquiring an additional 452,422 shares during the period. Finally, TD Asset Management Inc grew its position in shares of CommVault Systems by 14,047.5% in the fourth quarter. TD Asset Management Inc now owns 381,982 shares of the software maker's stock valued at $47,885,000 after purchasing an additional 379,282 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

CommVault Systems Stock Performance

Shares of CVLT stock opened at $93.21 on Thursday. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 4.06. The firm has a fifty day simple moving average of $83.97 and a two-hundred day simple moving average of $116.62. CommVault Systems has a 12 month low of $71.75 and a 12 month high of $200.68. The firm has a market capitalization of $4.10 billion, a PE ratio of 48.05 and a beta of 0.63.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last issued its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.19. CommVault Systems had a net margin of 7.58% and a return on equity of 37.38%. The firm had revenue of $313.83 million during the quarter, compared to analysts' expectations of $299.07 million. During the same period last year, the company earned $0.94 earnings per share. The business's revenue was up 19.5% on a year-over-year basis. Analysts forecast that CommVault Systems will post 1.65 EPS 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.

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