FY2025 EPS Estimates for CVLT Lifted by Cantor Fitzgerald

Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) - Research analysts at Cantor Fitzgerald lifted their FY2025 earnings estimates for Commvault Systems in a research report issued on Wednesday, January 29th. Cantor Fitzgerald analyst T. Blakey now forecasts that the software maker will post earnings of $1.80 per share for the year, up from their prior forecast of $1.67. Cantor Fitzgerald currently has a "Neutral" rating and a $173.00 target price on the stock. The consensus estimate for Commvault Systems' current full-year earnings is $1.65 per share.

Several other analysts also recently commented on CVLT. Guggenheim reaffirmed a "neutral" rating on shares of Commvault Systems in a report on Wednesday, January 29th. Royal Bank of Canada raised their price objective on Commvault Systems from $164.00 to $182.00 and gave the company a "sector perform" rating in a report on Wednesday, October 30th. Oppenheimer assumed coverage on Commvault Systems in a research note on Wednesday, November 13th. They set an "outperform" rating and a $200.00 target price for the company. StockNews.com cut shares of Commvault Systems from a "strong-buy" rating to a "buy" rating in a research note on Thursday, January 16th. Finally, KeyCorp boosted their price target on shares of Commvault Systems from $192.00 to $195.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $156.44.

Commvault Systems Price Performance

Commvault Systems stock traded up $0.05 during trading hours on Thursday, hitting $159.31. 508,717 shares of the stock traded hands, compared to its average volume of 506,806. The firm's 50 day moving average price is $162.55 and its 200-day moving average price is $154.64. The stock has a market capitalization of $7.01 billion, a price-to-earnings ratio of 41.81 and a beta of 0.65. Commvault Systems has a 1 year low of $90.32 and a 1 year high of $178.72.

Insider Transactions at Commvault Systems

In related news, 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 transaction of $251,127.47. Following the completion of the sale, the insider now directly owns 93,007 shares in the company, valued at approximately $15,335,924.23. This trade represents a 1.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Allison Pickens sold 1,232 shares of the business's stock in a transaction dated 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 transaction, the director now owns 5,899 shares in the company, valued at $1,017,577.50. The trade was a 17.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,530 shares of company stock worth $2,244,755 in the last ninety days. Insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On Commvault Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital Performance Advisors LLP purchased a new position in shares of Commvault Systems during the 3rd quarter worth $33,000. TFC Financial Management Inc. boosted its stake in Commvault Systems by 294.1% during the fourth quarter. TFC Financial Management Inc. now owns 402 shares of the software maker's stock worth $61,000 after buying an additional 300 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of Commvault Systems during the third quarter valued at about $71,000. Signaturefd LLC raised 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 valued at $91,000 after acquiring an additional 180 shares during the period. Finally, TD Private Client Wealth LLC acquired a new position in shares of Commvault Systems in the 3rd quarter worth approximately $105,000. Institutional investors and hedge funds own 93.50% 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.