Analysts Set CommVault Systems, Inc. (NASDAQ:CVLT) Target Price at $152.47

CommVault Systems, Inc. (NASDAQ:CVLT) has received an average rating of “Moderate Buy” from the twenty ratings firms that are presently covering the firm, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $152.4667.

Several research analysts recently weighed in on the company. Weiss Ratings raised CommVault Systems from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 16th. Piper Sandler downgraded CommVault Systems from an “overweight” rating to a “neutral” rating and set a $133.00 price target for the company. in a research report on Tuesday, July 28th. Guggenheim restated a “buy” rating on shares of CommVault Systems in a research note on Tuesday, July 28th. Zacks Research downgraded CommVault Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Finally, Royal Bank Of Canada lifted their price objective on CommVault Systems from $100.00 to $110.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 29th.

CommVault Systems Price Performance

CommVault Systems stock opened at $133.81 on Wednesday. CommVault Systems has a 1 year low of $71.75 and a 1 year high of $198.18. The company has a debt-to-equity ratio of 16.94, a quick ratio of 2.04 and a current ratio of 2.04. The firm has a 50 day moving average price of $138.61 and a 200 day moving average price of $109.49. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 85.23 and a beta of 0.81.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, July 28th. The software maker reported $1.42 earnings per share for the quarter, topping 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 company had revenue of $314.13 million for the quarter, compared to the consensus estimate of $310.43 million. During the same quarter last year, the firm posted $1.01 earnings per share. CommVault Systems’s revenue was up 11.4% on a year-over-year basis. Sell-side analysts predict that CommVault Systems will post 2.84 earnings per share for the current year.

Insider Activity

In related news, CEO Sanjay Mirchandani sold 6,857 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $142.80, for a total value of $979,179.60. Following the transaction, the chief executive officer owned 257,676 shares in the company, valued at approximately $36,796,132.80. This trade represents a 2.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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. Also, Director Vivie Lee sold 595 shares of CommVault Systems stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $134.19, for a total transaction of $79,843.05. Following the transaction, the director directly owned 15,140 shares in the company, valued at approximately $2,031,636.60. This trade represents a 3.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 34,433 shares of company stock worth $4,756,008. Insiders own 0.86% of the company’s stock.

Institutional Trading of CommVault Systems

Institutional investors have recently added to or reduced their stakes in the business. Boston Trust Walden Corp acquired a new position in shares of CommVault Systems during the fourth quarter worth about $30,830,000. Intech Investment Management LLC grew its stake in shares of CommVault Systems by 52.4% in the fourth quarter. Intech Investment Management LLC now owns 86,634 shares of the software maker’s stock valued at $10,860,000 after buying an additional 29,796 shares in the last quarter. Epoch Investment Partners Inc. purchased a new stake in shares of CommVault Systems during the 4th quarter valued at about $27,278,000. Madison Asset Management LLC raised its holdings in shares of CommVault Systems by 39.7% during the 1st quarter. Madison Asset Management LLC now owns 33,459 shares of the software maker’s stock valued at $2,606,000 after buying an additional 9,512 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in CommVault Systems by 410.8% during the 4th quarter. BNP Paribas Financial Markets now owns 320,468 shares of the software maker’s stock worth $40,174,000 after acquiring an additional 257,729 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

CommVault Systems Company Profile

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.