In yesterday’s Wall Street session, Commvault Systems Inc (NASDAQ:CVLT) shares traded at $161.28, down -0.27% from the previous session.
CVLT stock price is now -2.64% away from the 50-day moving average and 16.81% away from the 200-day moving average. The market capitalization of the company currently stands at $7.05B.
With the price target of $159, Cantor Fitzgerald recently initiated with Neutral rating for Commvault Systems Inc (NASDAQ: CVLT). On January 16, 2025, KeyBanc Capital Markets recently initiated its ‘Overweight’ rating on the stock quoting a target price of $192, while ‘Oppenheimer’ rates the stock as ‘Outperform’
In other news, Pickens Allison, Director sold 1,232 shares of the company’s stock on Nov 29 ’24. The stock was sold for $212,520 at an average price of $172.50. Upon completion of the transaction, the Director now directly owns 5,899 shares in the company, valued at $0.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 18 ’24, President & CEO Mirchandani Sanjay sold 10,775 shares of the business’s stock. A total of $1,781,160 was realized by selling the stock at an average price of $165.30. This leaves the insider owning 459,969 shares of the company worth $74.18 million. A total of 1.79% of the company’s stock is owned by insiders.
During the past 12 months, Commvault Systems Inc has had a low of $77.31 and a high of $178.72. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 1.20, and a quick ratio of 1.20. According to the stock market information, the enterprise value for the company is $6761556992, which is based on a 40.86 price-to-earnings ratio, a 3.71 price-to-earnings-growth ratio, and a beta of 0.65. The fifty day moving average price for CVLT is $165.6508 and a two-hundred day moving average price translates $138.07455 for the stock.
The latest earnings results from Commvault Systems Inc (NASDAQ: CVLT) was released for 2024-09-30. The net profit margin was 19.75% and return on equity was 77.23% for CVLT. The company reported revenue of $233.28 million for the quarter, compared to $201.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.06 percent. For the current quarter, analysts expect CVLT to generate $245.64M in revenue.
