Currently, there are 43.55M common shares owned by the public and among those 42.88M shares have been available to trade.
The company’s stock has a 5-day price change of 1.82% and 44.44% over the past three months. CVLT shares are trading 94.61% year to date (YTD), with the 12-month market performance up to 125.54% higher. It has a 12-month low price of $63.70 and touched a high of $156.00 over the same period. CVLT has an average intraday trading volume of 412.87K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.89%, 15.75%, and 50.56% respectively.
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Institutional ownership of Commvault Systems Inc (NASDAQ: CVLT) shares accounts for 96.07% of the company’s 43.55M shares outstanding.
It has a market capitalization of $6.79B and a beta (3y monthly) value of 0.60. The stock’s trailing 12-month PE ratio is 39.93, while the earnings-per-share (ttm) stands at $3.89. The company has a PEG of 3.99 and a Quick Ratio of 1.23 with the debt-to-equity ratio at 0.04. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.14% over the week and 2.94% over the month.
Earnings per share for the fiscal year are expected to increase by 12.32%, and 15.07% over the next financial year. EPS should shrink at an annualized rate of 10.00% over the next five years, compared to 118.73% over the past 5-year period.
Looking at the support for the CVLT, a number of firms have released research notes about the stock. KeyBanc Capital Markets stated their Overweight rating for the stock in a research note on January 31, 2024, with the firm’s price target at $109. DA Davidson coverage for the Commvault Systems Inc (CVLT) stock in a research note released on August 17, 2023 offered a Buy rating with a price target of $85. Guggenheim was of a view on January 27, 2023 that the stock is Buy, while Piper Sandler gave the stock Neutral rating on July 13, 2022, issuing a price target of $78- $69. KeyBanc Capital Markets on their part issued Sector Weight rating on January 19, 2022.
