Q1 2025 Earnings Forecast for Commvault Systems, Inc. Issued By DA Davidson (NASDAQ:CVLT)

Commvault Systems, Inc. (NASDAQ:CVLT) – Analysts at DA Davidson issued their Q1 2025 EPS estimates for Commvault Systems in a note issued to investors on Wednesday, May 1st. DA Davidson analyst R. Kessinger anticipates that the software maker will earn $0.29 per share for the quarter. DA Davidson currently has a “Buy” rating and a $125.00 target price on the stock. The consensus estimate for Commvault Systems’ current full-year earnings is $1.43 per share.

A number of other analysts have also weighed in on CVLT. KeyCorp increased their target price on shares of Commvault Systems from $109.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday. Lake Street Capital raised their price objective on shares of Commvault Systems from $86.00 to $98.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, Royal Bank of Canada raised their price objective on shares of Commvault Systems from $97.00 to $112.00 and gave the stock a “sector perform” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $104.40.

Commvault Systems Trading Up 0.2 %

Commvault Systems stock opened at $102.71 on Thursday. The firm has a 50-day moving average of $98.00 and a 200-day moving average of $84.57. The firm has a market cap of $4.50 billion, a P/E ratio of 27.32 and a beta of 0.64. Commvault Systems has a 1-year low of $58.67 and a 1-year high of $107.46.

Commvault Systems (NASDAQ:CVLT) last posted its earnings results on Tuesday, January 30th. The software maker reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05. The company had revenue of $216.81 million during the quarter, compared to analyst estimates of $208.01 million. Commvault Systems had a net margin of 20.13% and a return on equity of 31.27%. Commvault Systems’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.17 earnings per share.

Hedge Funds Weigh In On Commvault Systems

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Commvault Systems by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 5,488,370 shares of the software maker’s stock worth $438,246,000 after acquiring an additional 61,556 shares during the last quarter. Mackenzie Financial Corp raised its stake in Commvault Systems by 0.3% during the 3rd quarter. Mackenzie Financial Corp now owns 1,917,009 shares of the software maker’s stock valued at $128,593,000 after buying an additional 6,130 shares during the last quarter. Invesco Ltd. raised its stake in Commvault Systems by 50.9% during the 3rd quarter. Invesco Ltd. now owns 629,282 shares of the software maker’s stock valued at $42,546,000 after buying an additional 212,325 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Commvault Systems by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 472,291 shares of the software maker’s stock valued at $37,712,000 after buying an additional 12,624 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Commvault Systems by 14.9% in the 3rd quarter. AQR Capital Management LLC now owns 345,628 shares of the software maker’s stock valued at $23,368,000 after acquiring an additional 44,816 shares during the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Sanjay Mirchandani sold 21,494 shares of Commvault Systems stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $97.82, for a total transaction of $2,102,543.08. Following the completion of the transaction, the chief executive officer now directly owns 399,356 shares in the company, valued at $39,065,003.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Allison Pickens sold 990 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $94.73, for a total value of $93,782.70. Following the completion of the transaction, the director now directly owns 7,206 shares in the company, valued at approximately $682,624.38. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sanjay Mirchandani sold 21,494 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $97.82, for a total transaction of $2,102,543.08. Following the completion of the transaction, the chief executive officer now owns 399,356 shares of the company’s stock, valued at $39,065,003.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,306 shares of company stock worth $2,276,265. Insiders own 1.00% of the company’s stock.

About Commvault Systems

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.