Commvault Systems, Inc. (NASDAQ:CVLT) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Commvault Systems, Inc. (NASDAQ:CVLTGet Free Report) have earned a consensus rating of “Moderate Buy” from the four brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $85.60.

A number of analysts recently issued reports on CVLT shares. KeyCorp raised Commvault Systems from a “sector weight” rating to an “overweight” rating and set a $109.00 price objective for the company in a research report on Wednesday, January 31st. Royal Bank of Canada boosted their price target on shares of Commvault Systems from $86.00 to $97.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 31st.

View Our Latest Analysis on Commvault Systems

Insider Buying and Selling at Commvault Systems

In other Commvault Systems news, Director Allison Pickens sold 990 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $94.73, for a total transaction of $93,782.70. Following the sale, the director now 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 the SEC website. In other Commvault Systems 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 transaction of $93,782.70. Following the completion of the transaction, the director now owns 7,206 shares in the company, valued at approximately $682,624.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gary Merrill sold 822 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $97.25, for a total transaction of $79,939.50. Following the completion of the sale, the chief financial officer now owns 87,945 shares in the company, valued at $8,552,651.25. The disclosure for this sale can be found here. Insiders sold 23,306 shares of company stock valued at $2,276,265 in the last 90 days. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Commvault Systems

Several institutional investors have recently added to or reduced their stakes in the business. Quarry LP purchased a new stake in shares of Commvault Systems during the 1st quarter worth approximately $26,000. Captrust Financial Advisors raised its stake in Commvault Systems by 64.0% during the 2nd quarter. Captrust Financial Advisors now owns 510 shares of the software maker’s stock worth $32,000 after acquiring an additional 199 shares in the last quarter. Altshuler Shaham Ltd purchased a new stake in Commvault Systems in the fourth quarter valued at $33,000. Headlands Technologies LLC acquired a new position in Commvault Systems in the fourth quarter valued at $67,000. Finally, KBC Group NV purchased a new position in shares of Commvault Systems during the fourth quarter worth about $69,000. Hedge funds and other institutional investors own 91.56% of the company’s stock.

Commvault Systems Stock Performance

Shares of Commvault Systems stock opened at $99.00 on Thursday. The business’s 50 day moving average price is $91.19 and its 200 day moving average price is $78.22. The company has a market cap of $4.33 billion, a price-to-earnings ratio of -3,298.90 and a beta of 0.61. Commvault Systems has a one year low of $54.24 and a one year high of $100.83.

Commvault Systems (NASDAQ:CVLTGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The software maker reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.05. The firm had revenue of $216.81 million for the quarter, compared to analysts’ expectations of $208.01 million. Commvault Systems had a negative net margin of 0.09% and a positive return on equity of 32.27%. The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS. On average, analysts predict that Commvault Systems will post 1.35 EPS for the current fiscal year.

Commvault Systems Company Profile

(Get Free Report

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.

Featured Articles

Receive News & Ratings for Commvault Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commvault Systems and related companies with MarketBeat.com's FREE daily email newsletter.