DA Davidson Lifts Earnings Estimates for Commvault Systems

Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) - Investment analysts at DA Davidson lifted their FY2025 earnings estimates for shares of Commvault Systems in a note issued to investors on Wednesday, January 29th. DA Davidson analyst R. Kessinger now forecasts that the software maker will earn $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 $1.65 per share. DA Davidson also issued estimates for Commvault Systems' FY2026 earnings at $1.77 EPS.

Several other analysts have also issued reports on the stock. Oppenheimer began coverage on shares of Commvault Systems in a research note on Wednesday, November 13th. They issued an "outperform" rating and a $200.00 target price for the company. KeyCorp lifted their target price on shares of Commvault Systems from $192.00 to $195.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Cantor Fitzgerald upped their target price on Commvault Systems from $159.00 to $173.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Guggenheim reiterated a "neutral" rating on shares of Commvault Systems in a report on Wednesday, January 29th. Finally, StockNews.com downgraded Commvault Systems from a "strong-buy" rating to a "buy" rating in a research note on Thursday, January 16th. 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 company presently has a consensus rating of "Moderate Buy" and a consensus price target of $156.44.

Commvault Systems Price Performance

Shares of CVLT stock traded up $8.15 during trading hours on Friday, reaching $167.46. The company had a trading volume of 421,985 shares, compared to its average volume of 496,049. The company has a market cap of $7.37 billion, a price-to-earnings ratio of 43.95 and a beta of 0.65. Commvault Systems has a 12 month low of $90.32 and a 12 month high of $178.72. The business has a fifty day simple moving average of $162.55 and a 200-day simple moving average of $154.64.

Insider Activity

In other Commvault Systems news, insider Gary Merrill sold 1,523 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 93,007 shares in the company, valued at $15,335,924.23. This represents a 1.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Allison Pickens sold 1,232 shares of the business'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 transaction, the director now owns 5,899 shares of the company's stock, 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. Over the last three months, insiders sold 13,530 shares of company stock worth $2,244,755. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Capital Performance Advisors LLP bought a new position in shares of Commvault Systems in the 3rd quarter worth $33,000. TFC Financial Management Inc. increased its stake in Commvault Systems by 294.1% in the fourth quarter. TFC Financial Management Inc. now owns 402 shares of the software maker's stock valued at $61,000 after acquiring an additional 300 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in Commvault Systems during the third quarter valued at about $71,000. Signaturefd LLC boosted its holdings 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 purchasing an additional 180 shares in the last quarter. Finally, TD Private Client Wealth LLC bought a new position in shares of Commvault Systems during the 3rd quarter valued at about $105,000. Hedge funds and other institutional investors own 93.50% 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.