KeyBanc Remains a Buy on CommVault Systems


In a report released yesterday, Alex Kurtz from KeyBanc reiterated a Buy rating on CommVault Systems (NASDAQ: CVLT), with a price target of $73. The company’s shares opened today at $65.75.

According to TipRanks.com, Kurtz is a 5-star analyst with an average return of 18.1% and a 69.3% success rate. Kurtz covers the Consumer Goods sector, focusing on stocks such as Pure Storage Inc, Arista Networks, and Cray.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for CommVault Systems with a $75.67 average price target, a 15.1% upside from current levels. In a report released today, Jefferies also maintained a Buy rating on the stock with a $80 price target.

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The company has a one-year high of $72.65 and a one-year low of $48.35. Currently, CommVault Systems has an average volume of 388.5K.

Based on the recent corporate insider activity of 96 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Gary Merrill, the CAO of CVLT sold 13,474 shares for a total of $919,560.

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, Inc. is a data management software company which develops and distributes software applications for data protection, information governance and discovery under the Simpana brand and also simplifies management of data in complex physical, virtual, and cloud storage environment.

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