DA Davidson Cuts CommVault Systems (NASDAQ:CVLT) Price Target to $135.00

CommVault Systems (NASDAQ:CVLT) had its price objective cut by DA Davidson from $185.00 to $135.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a buy rating on the software maker’s stock.

Several other equities research analysts have also recently weighed in on the stock. Stephens reduced their price target on shares of CommVault Systems from $162.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday. Wells Fargo & Company dropped their price objective on shares of CommVault Systems from $190.00 to $155.00 and set an “overweight” rating for the company in a research note on Wednesday. Zacks Research upgraded shares of CommVault Systems from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Guggenheim dropped their price target on CommVault Systems from $200.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Royal Bank Of Canada decreased their price objective on CommVault Systems from $167.00 to $100.00 and set a “sector perform” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $143.58.

CommVault Systems Trading Down 2.1%

Shares of CVLT stock opened at $85.70 on Wednesday. The company has a current ratio of 2.34, a quick ratio of 2.53 and a debt-to-equity ratio of 4.06. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 44.18 and a beta of 0.57. CommVault Systems has a 12-month low of $84.44 and a 12-month high of $200.68. The stock’s 50-day moving average price is $121.18 and its 200-day moving average price is $152.96.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.17 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.19. CommVault Systems had a return on equity of 37.38% and a net margin of 7.58%.The business had revenue of $313.83 million during the quarter, compared to analysts’ expectations of $299.07 million. During the same quarter last year, the business posted $0.94 EPS. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. Equities research analysts predict that CommVault Systems will post 1.65 EPS for the current fiscal year.

Insider Buying and Selling

In other CommVault Systems news, CEO Sanjay Mirchandani sold 13,109 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $121.15, for a total value of $1,588,155.35. Following the completion of the sale, the chief executive officer owned 359,260 shares of the company’s stock, valued at $43,524,349. This trade represents a 3.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gary Merrill sold 1,845 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $122.40, for a total value of $225,828.00. Following the transaction, the insider owned 67,318 shares of the company’s stock, valued at $8,239,723.20. This trade represents a 2.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 33,111 shares of company stock valued at $4,058,851 in the last ninety days. 1.00% of the stock is owned by company insiders.

Institutional Trading of CommVault Systems

Hedge funds and other institutional investors have recently bought and sold shares of the business. State of Wyoming bought a new position in shares of CommVault Systems in the second quarter worth about $35,000. FNY Investment Advisers LLC purchased a new stake in CommVault Systems in the 4th quarter valued at about $36,000. Banque Cantonale Vaudoise bought a new position in CommVault Systems in the 3rd quarter worth about $39,000. Assetmark Inc. increased its position in shares of CommVault Systems by 33.6% during the fourth quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock worth $41,000 after acquiring an additional 82 shares during the period. Finally, Cullen Frost Bankers Inc. raised its stake in shares of CommVault Systems by 43.8% during the third quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock valued at $46,000 after acquiring an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

CommVault Systems News Summary

Here are the key news stories impacting CommVault Systems this week:

• Positive Sentiment: Truist reiterated a “Buy” rating on CVLT, signaling confidence from a major research desk that could support demand from growth-oriented investors. Read More.
• Positive Sentiment: Wall Street Zen upgraded CVLT to a “Buy,” another endorsement that may attract bargain-hunters after the recent pullback. Read More.
• Neutral Sentiment: Coverage of CommVault’s expanded partnership with Google Cloud highlights product/market expansion, but the story notes weak share momentum and rich valuation — a mixed read that supports long-term strategic upside but doesn’t help near-term sentiment. Read More.
• Negative Sentiment: Investors reacted badly to the company’s fiscal Q3 update: despite beating EPS ($1.17 vs. $0.98) and revenue ($313.8M vs. $299.1M), guidance/comments were seen as conservative, triggering a sell-off to a 52-week low. That earnings/outlook disconnect is the primary near-term negative driver. Read More.
• Negative Sentiment: Oppenheimer cut its price target to $150, signaling reduced upside from prior forecasts and adding downward pressure on sentiment. Read More.
• Negative Sentiment: Royal Bank of Canada lowered its price target to $100, a notably bearish revision that can weigh on investor confidence. Read More.
• Negative Sentiment: Guggenheim trimmed its target to $175, and other firms including KeyCorp and Cantor Fitzgerald published more cautious forecasts — a cluster of downgrades that amplifies selling pressure. Read More. Read More. Read More.

CommVault Systems Company Profile

Commvault Systems, Inc is a global provider of data protection and information management software designed to help organizations manage, protect, and activate data across on-premises and cloud environments. Founded in 1996 and headquartered in Tinton Falls, New Jersey, Commvault offers a suite of integrated products and services that enable enterprises to back up, recover, archive, and analyze data. Its flagship solutions include Commvault Complete Data Protection, Commvault HyperScale, and the SaaS-based Metallic portfolio, which deliver scalable and automated data management capabilities across hybrid infrastructure environments.

Commvault’s platform is built on a unified architecture that allows customers to streamline operations, reduce complexity, and ensure data resiliency.