DA Davidson Forecasts Lower Earnings for Commvault Systems

Commvault Systems, Inc. (NASDAQ:CVLT) – Equities research analysts at DA Davidson lowered their FY2025 earnings per share estimates for shares of Commvault Systems in a research note issued to investors on Tuesday, January 7th. DA Davidson analyst R. Kessinger now expects that the software maker will post earnings per share of $1.61 for the year, down from their prior estimate of $1.62. The consensus estimate for Commvault Systems’ current full-year earnings is $1.66 per share. DA Davidson also issued estimates for Commvault Systems’ FY2026 earnings at $1.66 EPS.

Commvault Systems (NASDAQ:CVLT) last released its earnings results on Tuesday, October 29th. The software maker reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.07. The business had revenue of $233.28 million for the quarter, compared to analysts’ expectations of $220.76 million. Commvault Systems had a net margin of 19.75% and a return on equity of 31.62%. The company’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share.

Several other brokerages have also commented on CVLT. Royal Bank of Canada upped their price target on Commvault Systems from $164.00 to $182.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th. StockNews.com downgraded shares of Commvault Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Guggenheim cut shares of Commvault Systems from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 15th. Finally, Oppenheimer assumed coverage on shares of Commvault Systems in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $200.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $151.25.

Commvault Systems Stock Up 3.1 %

CVLT stock opened at $157.80 on Thursday. The company has a market cap of $6.90 billion, a price-to-earnings ratio of 39.95 and a beta of 0.65. The business has a fifty day simple moving average of $165.54 and a 200-day simple moving average of $150.04. Commvault Systems has a 52 week low of $74.47 and a 52 week high of $178.72.

Institutional Trading of Commvault Systems

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in Commvault Systems by 25.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 586,795 shares of the software maker’s stock worth $90,278,000 after purchasing an additional 120,779 shares during the period. Intech Investment Management LLC bought a new position in shares of Commvault Systems in the 2nd quarter worth about $2,221,000. Summit Partners Public Asset Management LLC acquired a new position in shares of Commvault Systems in the 3rd quarter valued at about $67,722,000. Vontobel Holding Ltd. bought a new stake in shares of Commvault Systems during the 3rd quarter valued at about $1,126,000. Finally, Point72 Hong Kong Ltd raised its stake in Commvault Systems by 37.9% during the third quarter. Point72 Hong Kong Ltd now owns 23,421 shares of the software maker’s stock worth $3,603,000 after acquiring an additional 6,433 shares during the period. 93.50% of the stock is owned by institutional investors.

Insider Buying and Selling at Commvault Systems

In related news, insider Gary Merrill sold 1,523 shares of Commvault Systems stock in a transaction on Monday, November 18th. The shares were sold at an average price of $164.89, for a total value of $251,127.47. Following the completion of the sale, the insider now owns 93,007 shares in the company, valued at approximately $15,335,924.23. The trade was a 1.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Allison Pickens sold 1,232 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $172.50, for a total transaction of $212,520.00. Following the transaction, the director now owns 5,899 shares in the company, valued at $1,017,577.50. This trade represents a 17.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,530 shares of company stock valued at $2,244,755 in the last ninety days. 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.