Commvault Systems, Inc. (NASDAQ:CVLT – Free Report) – Analysts at Cantor Fitzgerald increased their FY2025 earnings estimates for shares of Commvault Systems in a note issued to investors 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 previous forecast of $1.67. Cantor Fitzgerald has a “Neutral” rating and a $173.00 price target on the stock. The consensus estimate for Commvault Systems’ current full-year earnings is $1.65 per share.
Commvault Systems (NASDAQ:CVLT – Get Free Report) last released its earnings results on Tuesday, October 29th. The software maker reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. Commvault Systems had a net margin of 19.75% and a return on equity of 31.62%. The firm had revenue of $233.28 million during the quarter, compared to analyst estimates of $220.76 million. During the same quarter in the previous year, the business earned $0.30 EPS. The business’s quarterly revenue was up 16.1% compared to the same quarter last year.
Check Out Our Latest Report on Commvault Systems
Commvault Systems Stock Up 7.5 %
Shares of CVLT stock opened at $157.90 on Thursday. Commvault Systems has a 12-month low of $88.34 and a 12-month high of $178.72. The firm has a market capitalization of $6.90 billion, a price-to-earnings ratio of 39.97 and a beta of 0.65. The firm has a fifty day moving average of $163.11 and a 200-day moving average of $153.93.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Capital Performance Advisors LLP bought a new position in shares of Commvault Systems during the third quarter valued at about $33,000. TFC Financial Management Inc. raised its position in Commvault Systems by 294.1% in the fourth 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 period. Point72 DIFC Ltd bought a new stake in Commvault Systems in the third quarter worth about $71,000. Signaturefd LLC raised its position in Commvault Systems by 43.9% in the third quarter. Signaturefd LLC now owns 590 shares of the software maker’s stock worth $91,000 after acquiring an additional 180 shares during the period. Finally, TD Private Client Wealth LLC bought a new stake in Commvault Systems in the third quarter worth about $105,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Commvault Systems
In other news, CEO Sanjay Mirchandani sold 10,775 shares of the stock in a transaction 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 directly owns 459,969 shares in the company, valued at $76,032,875.70. This represents a 2.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gary Merrill sold 1,523 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $164.89, for a total transaction of $251,127.47. Following the sale, the insider now owns 93,007 shares of the company’s stock, valued at approximately $15,335,924.23. This trade represents a 1.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,530 shares of company stock valued at $2,244,755 in the last quarter. 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.
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