DA Davidson Lifts Earnings Estimates for Commvault Systems

Commvault Systems, Inc. (NASDAQ:CVLT) – Stock analysts at DA Davidson lifted their FY2025 earnings estimates for Commvault Systems in a note issued to investors on Wednesday, January 29th. DA Davidson analyst R. Kessinger now expects that the software maker will post earnings of $1.63 per share for the year, up from their prior forecast of $1.61. The consensus estimate for Commvault Systems’ current full-year earnings is $1.68 per share. DA Davidson also issued estimates for Commvault Systems’ FY2026 earnings at $1.77 EPS.

Other equities research analysts also recently issued reports about the stock. Guggenheim reaffirmed a “neutral” rating on shares of Commvault Systems in a report on Wednesday. William Blair upgraded shares of Commvault Systems from a “market perform” rating to an “outperform” rating in a research note on Thursday. KeyCorp lifted their price objective on shares of Commvault Systems from $192.00 to $195.00 and gave the company an “overweight” rating in a research note on Wednesday. Royal Bank of Canada increased their target price on Commvault Systems from $164.00 to $182.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Finally, Cantor Fitzgerald lifted their price target on Commvault Systems from $159.00 to $173.00 and gave the company a “neutral” rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $156.44.

Commvault Systems Price Performance

Shares of NASDAQ CVLT opened at $159.26 on Friday. The stock has a market capitalization of $6.96 billion, a PE ratio of 41.80 and a beta of 0.65. Commvault Systems has a one year low of $88.34 and a one year high of $178.72. The business’s fifty day moving average price is $162.55 and its 200-day moving average price is $154.21.

Commvault Systems (NASDAQ:CVLT) last posted its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.83 EPS for the quarter, beating the consensus estimate of $0.76 by $0.07. Commvault Systems had a return on equity of 28.69% and a net margin of 18.14%. The business had revenue of $233.28 million for the quarter, compared to the consensus estimate of $220.76 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. Commvault Systems’s revenue for the quarter was up 16.1% on a year-over-year basis.

Hedge Funds Weigh In On Commvault Systems

Several institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake 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 buying an additional 120,779 shares in the last quarter. Summit Partners Public Asset Management LLC purchased a new stake in shares of Commvault Systems in the 3rd quarter valued at $67,722,000. Vontobel Holding Ltd. bought a new position in shares of Commvault Systems during the 3rd quarter valued at $1,126,000. Point72 Hong Kong Ltd raised its position in Commvault Systems by 37.9% in the 3rd quarter. Point72 Hong Kong Ltd now owns 23,421 shares of the software maker’s stock worth $3,603,000 after purchasing an additional 6,433 shares during the period. Finally, Raymond James & Associates lifted its stake in Commvault Systems by 58.1% in the third quarter. Raymond James & Associates now owns 15,410 shares of the software maker’s stock worth $2,371,000 after purchasing an additional 5,661 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Allison Pickens sold 1,232 shares of the stock in a transaction 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 transaction, the director now owns 5,899 shares of the company’s stock, valued at $1,017,577.50. This represents a 17.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gary Merrill sold 1,523 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $164.89, for a total value of $251,127.47. Following the sale, the insider now owns 93,007 shares in the company, valued at $15,335,924.23. The trade was a 1.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,530 shares of company stock worth $2,244,755 in the last ninety days. 1.00% of the stock is currently owned by insiders.

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.