CommVault Systems (CVLT – Research Report) received a Hold rating and price target from KeyBanc analyst Thomas Blakey today. The company’s shares closed yesterday at $65.35.
According to TipRanks, Blakey is an analyst with an average return of -4.6% and a 41.25% success rate. Blakey covers the Technology sector, focusing on stocks such as Nutanix, Cisco Systems, and CommVault Systems.
Currently, the analyst consensus on CommVault Systems is a Hold with an average price target of $79.00, implying a 20.89% upside from current levels. In a report released yesterday, Lake Street also assigned a Hold rating to the stock with a $72.00 price target.
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CVLT market cap is currently $2.86B and has a P/E ratio of -157.51.
Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CVLT in relation to earlier this year.
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CommVault Systems (CVLT) Company Description:
Commvault Systems, Inc. engages in the provision of data protection and information management software applications and related services. It products include Complete back up and recovery, Hyperscale, Activate, and Orchestrate. IT also offers professional, managed, support, and training services. The company was founded in 1996 and is headquartered in Tinton Falls, NJ.
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