Commvault Systems, Inc. (NASDAQ:CVLT – Get Rating) has received a consensus recommendation of "Moderate Buy" from the eight research firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $74.67.

Several research analysts have recently issued reports on the company. Lake Street Capital lowered their price objective on Commvault Systems from $68.00 to $64.00 in a research report on Wednesday, July 27th. Wells Fargo & Company cut their price objective on shares of Commvault Systems to $75.00 and set an "outperform" rating on the stock in a report on Wednesday, July 27th. Finally, Piper Sandler cut shares of Commvault Systems from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $78.00 to $69.00 in a report on Wednesday, July 13th.

Commvault Systems Stock Performance

Shares of Commvault Systems stock opened at $51.76 on Thursday. The business has a 50-day simple moving average of $58.48 and a 200-day simple moving average of $61.24. The company has a market cap of $2.32 billion, a PE ratio of 103.52, a P/E/G ratio of 8.87 and a beta of 0.51. Commvault Systems has a one year low of $50.88 and a one year high of $81.49.

Insider Buying and Selling

In other Commvault Systems news, Director Allison Pickens sold 924 shares of Commvault Systems stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $56.86, for a total value of $52,538.64. Following the transaction, the director now directly owns 9,029 shares in the company, valued at $513,388.94. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.99% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Point72 Hong Kong Ltd grew its position in Commvault Systems by 10.1% in the 4th quarter. Point72 Hong Kong Ltd now owns 2,433 shares of the software maker's stock valued at $168,000 after buying an additional 224 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in Commvault Systems during the first quarter worth about $1,156,000. GSA Capital Partners LLP grew its position in Commvault Systems by 4.3% during the fourth quarter. GSA Capital Partners LLP now owns 6,713 shares of the software maker's stock worth $463,000 after buying an additional 274 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Commvault Systems by 20.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 47,862 shares of the software maker's stock valued at $3,299,000 after buying an additional 8,228 shares in the last quarter. Finally, Keebeck Alpha LP acquired a new stake in shares of Commvault Systems during the 4th quarter valued at approximately $201,000. Institutional investors and hedge funds own 93.97% of the company's stock.

About Commvault Systems

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Commvault Systems, Inc provides data protection and information management software applications and related services 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; and Commvault Complete Data Protection, a data protection solution.

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