DA Davidson Reduces Earnings Estimates for Commvault Systems

Commvault Systems, Inc. (NASDAQ:CVLT) – Analysts at DA Davidson cut their FY2025 EPS estimates for Commvault Systems in a note issued to investors on Tuesday, January 7th. DA Davidson analyst R. Kessinger now anticipates that the software maker will post earnings per share of $1.61 for the year, down from their previous forecast 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) last posted its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.83 EPS for the quarter, topping the consensus estimate of $0.76 by $0.07. The business had revenue of $233.28 million during the quarter, compared to analysts’ expectations of $220.76 million. Commvault Systems had a net margin of 19.75% and a return on equity of 31.62%. During the same period last year, the company posted $0.30 earnings per share. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year.

CVLT has been the subject of a number of other research reports. Oppenheimer started coverage on Commvault Systems in a research report on Wednesday, November 13th. They set an “outperform” rating and a $200.00 target price for the company. Guggenheim downgraded Commvault Systems from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 15th. Royal Bank of Canada boosted their price objective on Commvault Systems from $164.00 to $182.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Finally, StockNews.com downgraded Commvault Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $151.25.

Commvault Systems Stock Down 2.4 %

NASDAQ CVLT opened at $153.98 on Thursday. The stock has a market capitalization of $6.73 billion, a PE ratio of 38.98 and a beta of 0.65. Commvault Systems has a 12-month low of $76.04 and a 12-month high of $178.72. The company has a 50 day moving average price of $165.54 and a two-hundred day moving average price of $150.33.

Insiders Place Their Bets

In other Commvault Systems news, Director Allison Pickens sold 1,232 shares of Commvault Systems 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 transaction, the director now directly owns 5,899 shares of the company’s stock, valued at $1,017,577.50. The trade was a 17.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gary Merrill sold 1,523 shares of the company’s 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 completion of the transaction, the insider now directly owns 93,007 shares in the company, valued at $15,335,924.23. The trade was a 1.61 % decrease in their position. 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. 1.00% of the stock is currently owned by insiders.

Institutional Trading of Commvault Systems

Institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC raised its position in shares of Commvault Systems by 7.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,813,487 shares of the software maker’s stock worth $220,466,000 after acquiring an additional 126,800 shares in the last quarter. State Street Corp increased its holdings in Commvault Systems by 1.6% in the third quarter. State Street Corp now owns 1,594,045 shares of the software maker’s stock worth $245,244,000 after purchasing an additional 25,082 shares in the last quarter. AQR Capital Management LLC lifted its stake in Commvault Systems by 33.5% in the second quarter. AQR Capital Management LLC now owns 648,858 shares of the software maker’s stock valued at $78,882,000 after buying an additional 162,722 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Commvault Systems by 25.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 586,795 shares of the software maker’s stock worth $90,278,000 after buying an additional 120,779 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Commvault Systems by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 523,474 shares of the software maker’s stock worth $63,637,000 after buying an additional 2,633 shares during the period. 93.50% of the stock is currently owned by institutional investors.

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.