CommVault Systems, Inc. (NASDAQ:CVLT) Receives $137.15 Average Target Price from Analysts
by Renee Jackson · The Cerbat GemShares of CommVault Systems, Inc. (NASDAQ:CVLT – Get Free Report) have been assigned an average rating of “Moderate Buy” from the sixteen research firms that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $137.1538.
A number of brokerages have recently commented on CVLT. Weiss Ratings restated a “hold (c)” rating on shares of CommVault Systems in a research note on Wednesday, January 21st. Guggenheim dropped their price objective on CommVault Systems from $200.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday, January 28th. Oppenheimer dropped their price objective on CommVault Systems from $180.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, January 28th. DA Davidson reissued a “buy” rating and issued a $125.00 price objective on shares of CommVault Systems in a report on Monday, April 13th. Finally, Zacks Research raised CommVault Systems from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th.
Read Our Latest Stock Report on CommVault Systems
CommVault Systems Stock Down 0.7%
Shares of CVLT opened at $94.23 on Thursday. CommVault Systems has a 52 week low of $71.75 and a 52 week high of $200.68. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 4.06. The company has a market capitalization of $4.14 billion, a price-to-earnings ratio of 48.57 and a beta of 0.63. The stock’s 50-day moving average price is $84.41 and its 200-day moving average price is $115.27.
CommVault Systems (NASDAQ:CVLT – Get Free Report) last issued its earnings results on Tuesday, January 27th. The software maker reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.19. CommVault Systems had a return on equity of 37.38% and a net margin of 7.58%.The firm had revenue of $313.83 million for the quarter, compared to the consensus estimate of $299.07 million. During the same quarter in the prior year, the business earned $0.94 earnings per share. The company’s revenue was up 19.5% compared to the same quarter last year. On average, sell-side analysts predict that CommVault Systems will post 1.65 EPS for the current year.
Insider Activity at CommVault Systems
In other CommVault Systems news, insider Gary Merrill sold 1,892 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was 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 approximately $5,735,396.24. This trade represents a 2.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sanjay Mirchandani sold 10,052 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were 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. The trade was a 2.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 31,355 shares of company stock worth $2,613,165. 1.00% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On CommVault Systems
Several hedge funds and other institutional investors have recently made changes to their positions in CVLT. State of Wyoming purchased a new position in shares of CommVault Systems in the second quarter valued at approximately $35,000. FNY Investment Advisers LLC purchased a new position in shares of CommVault Systems in the fourth quarter valued at approximately $36,000. Banque Cantonale Vaudoise purchased a new position in shares of CommVault Systems in the third quarter valued at approximately $39,000. Assetmark Inc. lifted its position in shares of 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 in the last quarter. Finally, Cullen Frost Bankers Inc. lifted its position in shares of 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 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.