Commvault Systems (NASDAQ:CVLT) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

Commvault Systems (NASDAQ:CVLT - Get Free Report) had its target price raised by research analysts at Cantor Fitzgerald from $159.00 to $173.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the software maker's stock. Cantor Fitzgerald's price target suggests a potential upside of 9.56% from the company's current price. Cantor Fitzgerald also issued estimates for Commvault Systems' FY2025 earnings at $1.80 EPS.

Other equities research analysts have also recently issued research reports about the stock. Guggenheim cut shares of Commvault Systems from a "buy" rating to a "neutral" rating in a research note on Tuesday, October 15th. StockNews.com cut shares of Commvault Systems from a "strong-buy" rating to a "buy" rating in a research note on Thursday, January 16th. Oppenheimer began coverage on shares of Commvault Systems in a research note on Wednesday, November 13th. They set an "outperform" rating and a $200.00 price objective on the stock. KeyCorp began coverage on shares of Commvault Systems in a research note on Thursday, January 16th. They set an "overweight" rating and a $192.00 price objective on the stock. Finally, Royal Bank of Canada raised their price objective on shares of Commvault Systems from $164.00 to $182.00 and gave the stock a "sector perform" rating in a research note on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Commvault Systems presently has an average rating of "Moderate Buy" and an average target price of $156.44.

Commvault Systems Price Performance

NASDAQ:CVLT traded up $11.08 during midday trading on Wednesday, hitting $157.90. The company's stock had a trading volume of 812,030 shares, compared to its average volume of 504,649. Commvault Systems has a fifty-two week low of $88.34 and a fifty-two week high of $178.72. The firm's 50 day moving average is $163.11 and its 200-day moving average is $153.93. The firm has a market cap of $6.90 billion, a P/E ratio of 39.97 and a beta of 0.65.

Commvault Systems (NASDAQ:CVLT - Get Free Report) last issued its quarterly earnings results 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 company 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 company earned $0.30 EPS. Commvault Systems's quarterly revenue was up 16.1% on a year-over-year basis. As a group, analysts forecast that Commvault Systems will post 1.65 EPS for the current year.

Insider Activity

In other Commvault Systems news, CEO Sanjay Mirchandani sold 10,775 shares of the firm's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $165.30, for a total value of $1,781,107.50. Following the transaction, the chief executive officer now owns 459,969 shares in the company, valued at approximately $76,032,875.70. This trade represents a 2.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Gary Merrill sold 1,523 shares of the firm's 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 transaction, 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 quarter. Corporate insiders own 1.00% of the company's stock.

Institutional Trading of Commvault Systems

Hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Performance Advisors LLP acquired a new stake in shares of Commvault Systems in the 3rd quarter worth $33,000. TFC Financial Management Inc. increased its stake in shares of Commvault Systems by 294.1% in the 4th quarter. TFC Financial Management Inc. now owns 402 shares of the software maker's stock worth $61,000 after acquiring an additional 300 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Commvault Systems in the 3rd quarter worth $71,000. Signaturefd LLC increased its stake in shares of Commvault Systems by 43.9% in the 3rd quarter. Signaturefd LLC now owns 590 shares of the software maker's stock worth $91,000 after acquiring an additional 180 shares during the last quarter. Finally, TD Private Client Wealth LLC acquired a new stake in shares of Commvault Systems in the 3rd quarter worth $105,000. 93.50% of the stock is owned by institutional investors and hedge funds.

Commvault Systems Company Profile

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.