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

Key Points

• Analysts rate CommVault Systems a consensus “Moderate Buy,” with nine buy ratings, one strong-buy rating, and ten hold ratings. The average 12-month price target is approximately $152.47.
• CommVault reported quarterly EPS of $1.42, exceeding the $1.16 consensus estimate, while revenue rose 11.4% year over year to $314.13 million, above expectations.
• Shares opened at $142.81, down 1.0%, with a market capitalization of about $5.92 billion; institutional investors hold a substantial 93.5% of outstanding shares.

CommVault Systems, Inc. (NASDAQ:CVLT - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the twenty brokerages that are presently covering the company, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $152.4667.

Several equities analysts recently commented on the company. Oppenheimer boosted their target price on CommVault Systems from $150.00 to $175.00 and gave the stock an "outperform" rating in a research report on Friday, July 17th. Guggenheim reaffirmed a "buy" rating on shares of CommVault Systems in a report on Tuesday, July 28th. Mizuho boosted their price objective on CommVault Systems from $140.00 to $175.00 and gave the stock an "outperform" rating in a report on Wednesday, July 15th. Stephens boosted their price objective on CommVault Systems from $135.00 to $155.00 and gave the stock an "overweight" rating in a report on Tuesday, June 16th. Finally, Wall Street Zen cut shares of CommVault Systems from a "buy" rating to a "hold" rating in a research report on Saturday.

CommVault Systems Stock Down 1.0%

Shares of NASDAQ:CVLT opened at $142.81 on Wednesday. The firm has a fifty day moving average price of $138.16 and a two-hundred day moving average price of $108.64. The company has a debt-to-equity ratio of 16.94, a current ratio of 2.04 and a quick ratio of 2.04. CommVault Systems has a one year low of $71.75 and a one year high of $198.18. The company has a market cap of $5.92 billion, a price-to-earnings ratio of 90.96 and a beta of 0.81.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The software maker reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.26. CommVault Systems had a net margin of 5.62% and a return on equity of 88.75%. The firm had revenue of $314.13 million during the quarter, compared to analyst estimates of $310.43 million. During the same period in the previous year, the business earned $1.01 EPS. The business's revenue for the quarter was up 11.4% on a year-over-year basis. Analysts anticipate that CommVault Systems will post 2.84 EPS for the current fiscal year.

Insider Activity at CommVault Systems

In other news, Director Vivie Lee sold 595 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $134.19, for a total value of $79,843.05. Following the transaction, the director owned 15,140 shares of the company's stock, valued at $2,031,636.60. This represents a 3.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gary Merrill sold 4,554 shares of the firm's stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $106.70, for a total transaction of $485,911.80. Following the sale, the chief financial officer owned 72,775 shares in the company, valued at approximately $7,765,092.50. This trade represents a 5.89% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders sold 10,034 shares of company stock worth $1,113,744 in the last 90 days. 0.86% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CommVault Systems

A number of large investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its position in shares of CommVault Systems by 15.8% during the 2nd quarter. Versant Capital Management Inc now owns 595 shares of the software maker's stock valued at $84,000 after buying an additional 81 shares in the last quarter. Assetmark Inc. raised its stake in CommVault Systems by 33.6% during the 4th quarter. Assetmark Inc. now owns 326 shares of the software maker's stock worth $41,000 after acquiring an additional 82 shares during the period. Captrust Financial Advisors lifted its holdings in CommVault Systems by 7.2% during the fourth quarter. Captrust Financial Advisors now owns 2,153 shares of the software maker's stock valued at $270,000 after purchasing an additional 145 shares in the last quarter. MML Investors Services LLC boosted its position in shares of CommVault Systems by 6.7% in the fourth quarter. MML Investors Services LLC now owns 2,361 shares of the software maker's stock worth $296,000 after purchasing an additional 149 shares during the period. Finally, Madison Asset Management LLC increased its stake in shares of CommVault Systems by 0.6% in the fourth quarter. Madison Asset Management LLC now owns 23,947 shares of the software maker's stock worth $3,002,000 after purchasing an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company's stock.

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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