In a report released on January 7, Dan Bergstrom from RBC Capital maintained a Hold rating on CommVault Systems (CVLT – Research Report), with a price target of $86.00. The company’s shares closed yesterday at $75.49.
Bergstrom covers the Technology sector, focusing on stocks such as CommVault Systems, Fortinet, and Verint Systems. According to TipRanks, Bergstrom has an average return of 13.2% and a 61.11% success rate on recommended stocks.
Currently, the analyst consensus on CommVault Systems is a Hold with an average price target of $81.00, implying a 7.30% upside from current levels. In a report released on January 4, Lake Street also maintained a Hold rating on the stock with a $72.00 price target.
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Based on CommVault Systems’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $198.15 million and a net profit of $12.63 million. In comparison, last year the company earned a revenue of $197.98 million and had a net profit of $3.51 million
Based on the recent corporate insider activity of 66 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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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