In a report released yesterday, Aaron Rakers from Wells Fargo assigned a Buy rating to CommVault Systems (CVLT – Research Report), with a price target of $105.00. The company’s shares closed yesterday at $88.07.
Rakers covers the Technology sector, focusing on stocks such as Nvidia, Advanced Micro Devices, and Intel. According to TipRanks, Rakers has an average return of 24.2% and a 69.08% success rate on recommended stocks.
In addition to Wells Fargo, CommVault Systems also received a Buy from KeyBanc’s Thomas Blakey in a report issued today. However, on January 29, Lake Street assigned a Hold rating to CommVault Systems (NASDAQ: CVLT).
See today’s best-performing stocks on TipRanks >>
The company has a one-year high of $92.79 and a one-year low of $53.70. Currently, CommVault Systems has an average volume of 291.6K.
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.
Read More on CVLT:
- Commvault Announces Fiscal 2024 Third Quarter Financial Results
- Backblaze names Ngo as Chief Product Officer
- Commvault price target raised to $78 from $76 at Piper Sandler
- The cloud automation software stocks to own in 2024, according to Piper Sandler
- Commvault appoints Borst as Area VP for Asia, Dea as Area VP for APAC
