In a report released today, Eric Martinuzzi from Lake Street maintained a Hold rating on CommVault Systems (CVLT – Research Report), with a price target of $86.00. The company’s shares closed last Friday at $98.30.
According to TipRanks, Martinuzzi is a 3-star analyst with an average return of 1.7% and a 41.06% success rate. Martinuzzi covers the Technology sector, focusing on stocks such as Par Technology, Quantum, and Asure.
Currently, the analyst consensus on CommVault Systems is a Moderate Buy with an average price target of $99.25, implying a 0.97% upside from current levels. In a report released on April 15, RBC Capital also maintained a Hold rating on the stock with a $97.00 price target.
The company has a one-year high of $102.22 and a one-year low of $57.85. Currently, CommVault Systems has an average volume of 317.8K.
Based on the recent corporate insider activity of 63 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.
