What is DA Davidson’s Estimate for CVLT FY2027 Earnings?

Commvault Systems, Inc. (NASDAQ:CVLT) – Research analysts at DA Davidson issued their FY2027 earnings per share estimates for shares of Commvault Systems in a research note issued to investors on Wednesday, April 30th. DA Davidson analyst R. Kessinger anticipates that the software maker will earn $2.36 per share for the year. DA Davidson has a “Buy” rating and a $200.00 price target on the stock. The consensus estimate for Commvault Systems’ current full-year earnings is $1.65 per share.

Commvault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, April 29th. The software maker reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.10. The business had revenue of $275.04 million during the quarter, compared to analyst estimates of $262.52 million. Commvault Systems had a net margin of 18.14% and a return on equity of 28.69%. During the same period in the prior year, the firm earned $0.79 earnings per share. The firm’s revenue was up 23.2% compared to the same quarter last year.

A number of other equities analysts also recently weighed in on CVLT. StockNews.com raised shares of Commvault Systems from a “hold” rating to a “buy” rating in a research note on Thursday. Royal Bank of Canada raised their price target on Commvault Systems from $175.00 to $185.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 30th. Guggenheim reissued a “neutral” rating on shares of Commvault Systems in a research note on Wednesday, April 23rd. Oppenheimer increased their price objective on Commvault Systems from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Finally, William Blair upgraded shares of Commvault Systems from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $175.25.

Commvault Systems Stock Up 3.9 %

CVLT stock opened at $172.55 on Monday. The company has a 50 day moving average of $158.48 and a two-hundred day moving average of $162.19. The company has a market cap of $7.59 billion, a price-to-earnings ratio of 45.29 and a beta of 0.68. Commvault Systems has a 12-month low of $105.76 and a 12-month high of $190.11.

Insider Buying and Selling

In other news, CEO Sanjay Mirchandani sold 12,318 shares of Commvault Systems stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $185.96, for a total value of $2,290,655.28. Following the transaction, the chief executive officer now owns 427,231 shares of the company’s stock, valued at $79,447,876.76. This trade represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gary Merrill sold 3,287 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $186.94, for a total transaction of $614,471.78. Following the sale, the insider now directly owns 87,316 shares of the company’s stock, valued at approximately $16,322,853.04. This represents a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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 made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Commvault Systems by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 5,636,559 shares of the software maker’s stock valued at $850,613,000 after purchasing an additional 54,562 shares during the period. Renaissance Technologies LLC boosted its position in shares of Commvault Systems by 1.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,909,185 shares of the software maker’s stock valued at $288,115,000 after acquiring an additional 24,900 shares during the period. Invesco Ltd. boosted its position in shares of Commvault Systems by 57.7% in the fourth quarter. Invesco Ltd. now owns 1,660,108 shares of the software maker’s stock valued at $250,527,000 after acquiring an additional 607,643 shares during the period. Geode Capital Management LLC grew its stake in shares of Commvault Systems by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 1,288,068 shares of the software maker’s stock worth $194,681,000 after acquiring an additional 43,088 shares during the last quarter. Finally, Northern Trust Corp increased its position in Commvault Systems by 9.8% during the fourth quarter. Northern Trust Corp now owns 651,973 shares of the software maker’s stock worth $98,389,000 after acquiring an additional 58,239 shares during the period. 93.50% of the stock is owned by institutional investors and hedge funds.

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.