FY2025 EPS Estimates for CVLT Boosted by Cantor Fitzgerald

Commvault Systems, Inc. (NASDAQ:CVLT) – Equities research analysts at Cantor Fitzgerald upped their FY2025 earnings estimates for shares of Commvault Systems in a research note issued to investors on Wednesday, January 29th. Cantor Fitzgerald analyst T. Blakey now forecasts that the software maker will earn $1.80 per share for the year, up from their previous forecast of $1.67. Cantor Fitzgerald has a “Neutral” rating and a $173.00 price objective on the stock. The consensus estimate for Commvault Systems’ current full-year earnings is $1.65 per share.

Other research analysts have also recently issued reports about the stock. KeyCorp upped their price objective on shares of Commvault Systems from $192.00 to $195.00 and gave the stock an “overweight” rating in a research report on Wednesday. Royal Bank of Canada increased their price target on shares of Commvault Systems from $164.00 to $182.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 30th. Guggenheim restated a “neutral” rating on shares of Commvault Systems in a research report on Wednesday. Oppenheimer assumed coverage on shares of Commvault Systems in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $200.00 target price for the company. Finally, StockNews.com downgraded Commvault Systems from a “strong-buy” rating to a “buy” rating in a research report 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 data from MarketBeat.com, Commvault Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.44.

Commvault Systems Stock Down 8.3 %

Shares of NASDAQ CVLT opened at $146.82 on Thursday. The stock’s 50-day simple moving average is $163.11 and its two-hundred day simple moving average is $153.93. Commvault Systems has a twelve month low of $83.60 and a twelve month high of $178.72. The firm has a market capitalization of $6.42 billion, a P/E ratio of 37.17 and a beta of 0.65.

Commvault Systems (NASDAQ:CVLT) last posted its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.07. Commvault Systems had a return on equity of 31.62% and a net margin of 19.75%. The company had revenue of $233.28 million during the quarter, compared to analyst estimates of $220.76 million. During the same quarter last year, the company earned $0.30 earnings per share. The firm’s quarterly revenue was up 16.1% on a year-over-year basis.

Institutional Trading of Commvault Systems

Hedge funds and other institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC lifted its position in Commvault Systems by 3.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,960 shares of the software maker’s stock valued at $296,000 after acquiring an additional 66 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Commvault Systems by 13.7% during the fourth quarter. GAMMA Investing LLC now owns 1,006 shares of the software maker’s stock valued at $152,000 after purchasing an additional 121 shares during the last quarter. OLD National Bancorp IN grew its stake in shares of Commvault Systems by 7.1% in the 4th quarter. OLD National Bancorp IN now owns 2,187 shares of the software maker’s stock worth $330,000 after buying an additional 145 shares during the last quarter. Lindenwold Advisors INC grew its stake in shares of Commvault Systems by 2.4% in the 3rd quarter. Lindenwold Advisors INC now owns 7,028 shares of the software maker’s stock worth $1,081,000 after buying an additional 164 shares during the last quarter. Finally, Signaturefd LLC increased its position in Commvault Systems by 43.9% during the 3rd quarter. Signaturefd LLC now owns 590 shares of the software maker’s stock valued at $91,000 after buying an additional 180 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Commvault Systems

In related news, Director Allison Pickens sold 1,232 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $172.50, for a total value of $212,520.00. Following the completion of the transaction, the director now directly 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 filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sanjay Mirchandani sold 10,775 shares of Commvault Systems stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $165.30, for a total value of $1,781,107.50. Following the sale, the chief executive officer now directly owns 459,969 shares in the company, valued at approximately $76,032,875.70. The trade was a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,530 shares of company stock valued at $2,244,755 in the last 90 days. Insiders own 1.00% 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.