Royal Bank Of Canada Cuts CommVault Systems (NASDAQ:CVLT) Price Target to $100.00

CommVault Systems (NASDAQ:CVLT) had its price objective lowered by Royal Bank Of Canada from $167.00 to $100.00 in a research report report published on Wednesday morning, MarketBeat reports. The brokerage currently has a sector perform rating on the software maker’s stock.

Several other research firms also recently weighed in on CVLT. Weiss Ratings reissued a “hold (c)” rating on shares of CommVault Systems in a research note on Wednesday, January 21st. Cantor Fitzgerald decreased their target price on shares of CommVault Systems from $144.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday. 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. Piper Sandler cut their price target on CommVault Systems from $186.00 to $155.00 and set an “overweight” rating for the company in a report on Monday, January 5th. Finally, Wells Fargo & Company lowered their price objective on CommVault Systems from $190.00 to $155.00 and set an “overweight” rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.58.

CommVault Systems Stock Performance

Shares of NASDAQ:CVLT opened at $85.70 on Wednesday. The company has a debt-to-equity ratio of 4.06, a current ratio of 2.34 and a quick ratio of 2.53. CommVault Systems has a 1 year low of $84.44 and a 1 year high of $200.68. The firm has a market capitalization of $3.77 billion, a PE ratio of 44.18 and a beta of 0.57. The business’s 50 day moving average price is $121.18 and its 200-day moving average price is $152.96.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.19. CommVault Systems had a return on equity of 37.38% and a net margin of 7.58%.The company had revenue of $313.83 million for the quarter, compared to analyst estimates of $299.07 million. During the same quarter last year, the firm posted $0.94 EPS. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. As a group, equities research analysts expect that CommVault Systems will post 1.65 earnings per share for the current fiscal year.

Insider Transactions at CommVault Systems

In other CommVault Systems news, CEO Sanjay Mirchandani sold 14,653 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $123.65, for a total value of $1,811,843.45. Following the transaction, the chief executive officer owned 372,369 shares of the company’s stock, valued at $46,043,426.85. This represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Gary Merrill sold 2,674 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $123.58, for a total transaction of $330,452.92. Following the transaction, the insider directly owned 69,163 shares of the company’s stock, valued at approximately $8,547,163.54. This trade represents a 3.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 33,111 shares of company stock worth $4,058,851. 1.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CommVault Systems

Large investors have recently made changes to their positions in the stock. Tudor Investment Corp ET AL acquired a new stake in CommVault Systems in the 3rd quarter valued at approximately $1,887,800,000. First Trust Advisors LP boosted its position in shares of CommVault Systems by 1,335.8% during the third quarter. First Trust Advisors LP now owns 1,224,856 shares of the software maker’s stock worth $231,228,000 after buying an additional 1,139,547 shares during the period. M&T Bank Corp grew its stake in shares of CommVault Systems by 22,133.9% in the fourth quarter. M&T Bank Corp now owns 610,098 shares of the software maker’s stock valued at $76,482,000 after buying an additional 607,354 shares in the last quarter. Westfield Capital Management Co. LP raised its holdings in shares of CommVault Systems by 135.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 786,175 shares of the software maker’s stock valued at $148,414,000 after buying an additional 452,422 shares during the period. Finally, AQR Capital Management LLC lifted its stake in CommVault Systems by 60.8% during the 2nd quarter. AQR Capital Management LLC now owns 893,385 shares of the software maker’s stock worth $155,744,000 after acquiring an additional 337,830 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting CommVault Systems

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.

About CommVault Systems

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.