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

Commvault Systems, Inc. (NASDAQ:CVLT) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $151.25.

CVLT has been the topic of a number of research analyst reports. Oppenheimer assumed coverage on Commvault Systems in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $200.00 target price on the stock. Guggenheim downgraded shares of Commvault Systems from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 15th. DA Davidson increased their price objective on shares of Commvault Systems from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Royal Bank of Canada upped their price objective on shares of Commvault Systems from $164.00 to $182.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Finally, StockNews.com lowered Commvault Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 1st.

Commvault Systems Stock Performance

Shares of NASDAQ CVLT opened at $157.57 on Friday. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 39.89 and a beta of 0.61. Commvault Systems has a fifty-two week low of $73.33 and a fifty-two week high of $178.72. The company has a 50 day simple moving average of $163.14 and a two-hundred day simple moving average of $147.39.

Commvault Systems (NASDAQ:CVLT) last issued its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.07. Commvault Systems had a net margin of 19.75% and a return on equity of 31.62%. The firm had revenue of $233.28 million for the quarter, compared to analysts’ expectations of $220.76 million. During the same quarter in the prior year, the business earned $0.30 EPS. The business’s quarterly revenue was up 16.1% on a year-over-year basis. On average, analysts forecast that Commvault Systems will post 1.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Allison Pickens sold 1,232 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $172.50, for a total value of $212,520.00. Following the completion of the transaction, the director now directly owns 5,899 shares in the company, valued at approximately $1,017,577.50. This represents a 17.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gary Merrill sold 1,523 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $164.89, for a total transaction of $251,127.47. Following the transaction, the insider now directly owns 93,007 shares of the company’s stock, valued at approximately $15,335,924.23. This trade represents a 1.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,530 shares of company stock worth $2,244,755. 1.00% of the stock is owned by insiders.

Institutional Trading of Commvault Systems

Large investors have recently made changes to their positions in the company. National Bank of Canada FI purchased a new stake in shares of Commvault Systems during the 2nd quarter worth $30,000. Capital Performance Advisors LLP purchased a new stake in Commvault Systems during the 3rd quarter worth about $33,000. Signaturefd LLC boosted its position in shares of Commvault Systems by 70.8% during the 2nd quarter. Signaturefd LLC now owns 410 shares of the software maker’s stock worth $50,000 after acquiring an additional 170 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of Commvault Systems in the 2nd quarter valued at about $56,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of Commvault Systems during the 3rd quarter worth about $71,000. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

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.