DA Davidson Cuts Earnings Estimates for Commvault Systems

Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) - Research analysts at DA Davidson lowered their FY2025 earnings estimates for Commvault Systems in a report released on Tuesday, January 7th. DA Davidson analyst R. Kessinger now forecasts that the software maker will post earnings per share of $1.61 for the year, down from their previous 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 - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.07. The company had revenue of $233.28 million for the quarter, compared to analyst estimates of $220.76 million. Commvault Systems had a net margin of 19.75% and a return on equity of 31.62%. Commvault Systems's revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter last year, the business earned $0.30 EPS.

Several other research firms have also weighed in on CVLT. StockNews.com lowered Commvault Systems from a "strong-buy" rating to a "buy" rating in a research note on Wednesday. Oppenheimer started coverage on shares of Commvault Systems in a research report on Wednesday, November 13th. They set an "outperform" rating and a $200.00 price target on the stock. Guggenheim lowered shares of Commvault Systems from a "buy" rating to a "neutral" rating in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada lifted their target price 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. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $151.25.

Commvault Systems Price Performance

CVLT stock traded up $4.75 during trading on Thursday, reaching $157.80. 359,555 shares of the stock traded hands, compared to its average volume of 386,951. The firm has a market capitalization of $6.90 billion, a PE ratio of 39.95 and a beta of 0.65. The business's 50 day moving average price is $165.54 and its 200-day moving average price is $150.04. Commvault Systems has a 52-week low of $74.47 and a 52-week high of $178.72.

Hedge Funds Weigh In On Commvault Systems

A number of hedge funds have recently bought and sold shares of the company. Xponance Inc. lifted its holdings in Commvault Systems by 1.3% during the 2nd quarter. Xponance Inc. now owns 6,371 shares of the software maker's stock worth $775,000 after buying an additional 79 shares during the last quarter. GAMMA Investing LLC lifted its stake in Commvault Systems by 13.7% during the fourth quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker's stock worth $152,000 after purchasing an additional 121 shares during the last quarter. Natixis Advisors LLC boosted its holdings in Commvault Systems by 1.0% in the second quarter. Natixis Advisors LLC now owns 13,693 shares of the software maker's stock worth $1,665,000 after purchasing an additional 138 shares during the period. Commonwealth Equity Services LLC increased its stake in Commvault Systems by 5.4% during the second quarter. Commonwealth Equity Services LLC now owns 2,701 shares of the software maker's stock valued at $328,000 after purchasing an additional 139 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Commvault Systems by 5.9% during the second quarter. Parallel Advisors LLC now owns 2,749 shares of the software maker's stock worth $334,000 after purchasing an additional 153 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Sanjay Mirchandani sold 10,775 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $165.30, for a total transaction of $1,781,107.50. Following the completion of the sale, the chief executive officer now owns 459,969 shares of the company's stock, valued at approximately $76,032,875.70. This trade represents a 2.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Allison Pickens sold 1,232 shares of the company's 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 completion of the sale, the director now directly owns 5,899 shares in the company, valued at $1,017,577.50. This represents a 17.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,530 shares of company stock worth $2,244,755 over the last ninety days. Corporate insiders own 1.00% of the company's stock.

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.