Commvault Systems, Inc. (NASDAQ:CVLT) to Post FY2025 Earnings of $1.56 Per Share, DA Davidson Forecasts

Commvault Systems, Inc. (NASDAQ:CVLT) – Equities research analysts at DA Davidson increased their FY2025 earnings estimates for Commvault Systems in a report released on Wednesday, May 1st. DA Davidson analyst R. Kessinger now expects that the software maker will post earnings per share of $1.56 for the year, up from their previous forecast of $1.31. DA Davidson has a “Buy” rating and a $125.00 price target on the stock. The consensus estimate for Commvault Systems’ current full-year earnings is $1.49 per share. DA Davidson also issued estimates for Commvault Systems’ FY2026 earnings at $1.71 EPS.

A number of other equities research analysts have also recently weighed in on CVLT. Lake Street Capital upped their price objective on Commvault Systems from $86.00 to $98.00 and gave the stock a “hold” rating in a research note on Wednesday. KeyCorp increased their price target on shares of Commvault Systems from $109.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Royal Bank of Canada raised their price target on shares of Commvault Systems from $97.00 to $112.00 and gave the company a “sector perform” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $114.25.

Commvault Systems Trading Up 2.5 %

Shares of NASDAQ CVLT opened at $107.43 on Friday. Commvault Systems has a 12-month low of $60.43 and a 12-month high of $109.25. The stock’s fifty day simple moving average is $98.47 and its two-hundred day simple moving average is $85.11. The stock has a market capitalization of $4.69 billion, a PE ratio of 28.57 and a beta of 0.64.

Insider Transactions at Commvault Systems

In other Commvault Systems news, CEO Sanjay Mirchandani sold 21,494 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $97.82, for a total value of $2,102,543.08. Following the completion of the sale, the chief executive officer now owns 399,356 shares of the company’s stock, valued at $39,065,003.92. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Allison Pickens sold 990 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $94.73, for a total value of $93,782.70. Following the transaction, the director now directly owns 7,206 shares of the company’s stock, valued at approximately $682,624.38. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Sanjay Mirchandani sold 21,494 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $97.82, for a total value 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 approximately $39,065,003.92. 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 quarter. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Central Pacific Bank Trust Division acquired a new stake in Commvault Systems during the 1st quarter valued at approximately $187,000. Daiwa Securities Group Inc. lifted its position in Commvault Systems by 700.0% during the first quarter. Daiwa Securities Group Inc. now owns 800 shares of the software maker’s stock valued at $81,000 after purchasing an additional 700 shares during the period. BNP Paribas Financial Markets boosted its holdings in Commvault Systems by 44.9% in the first quarter. BNP Paribas Financial Markets now owns 78,281 shares of the software maker’s stock valued at $7,940,000 after purchasing an additional 24,243 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Commvault Systems by 7.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,379 shares of the software maker’s stock valued at $2,168,000 after purchasing an additional 1,540 shares during the last quarter. Finally, Marks Group Wealth Management Inc acquired a new stake in Commvault Systems during the 1st quarter worth about $219,000. 93.50% of the stock is owned by institutional investors and hedge funds.

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.