CommVault Systems (NASDAQ:CVLT) Earns Buy Rating from Truist Financial

CommVault Systems (NASDAQ:CVLT)‘s stock had its “buy” rating reissued by analysts at Truist Financial in a research note issued on Wednesday, Benzinga reports. They presently have a $200.00 price target on the software maker’s stock, up from their previous price target of $182.00. Truist Financial‘s price target would indicate a potential upside of 18.63% from the company’s previous close.

Several other research analysts have also issued reports on the stock. FBN Securities began coverage on shares of CommVault Systems in a report on Thursday, September 10th. They set an “outperform” rating and a $155.00 price target for the company. KeyCorp boosted their price target on shares of CommVault Systems from $175.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday. Jefferies Financial Group upped their price objective on shares of CommVault Systems from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Monday. Mizuho increased their price objective on shares of CommVault Systems from $175.00 to $185.00 and gave the stock an “outperform” rating in a research report on Thursday, October 15th. Finally, Piper Sandler cut shares of CommVault Systems from an “overweight” rating to a “neutral” rating and set a $133.00 price objective for the company. in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.00.

CommVault Systems Trading Down 2.3%

Shares of CVLT stock traded down $3.95 on Wednesday, hitting $168.60. The company had a trading volume of 276,336 shares, compared to its average volume of 858,284. The firm has a market cap of $6.99 billion, a P/E ratio of 107.31 and a beta of 0.79. The stock’s 50-day moving average is $146.25 and its two-hundred day moving average is $118.53. The company has a debt-to-equity ratio of 16.94, a quick ratio of 2.04 and a current ratio of 2.04. CommVault Systems has a twelve month low of $71.75 and a twelve month high of $174.25.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings data on Tuesday, October 27th. The software maker reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.13. CommVault Systems had a return on equity of 88.75% and a net margin of 5.62%. The company had revenue of $312.39 million for the quarter, compared to analyst estimates of $310.41 million. During the same period in the previous year, the firm earned $0.91 earnings per share. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. On average, equities research analysts anticipate that CommVault Systems will post 2.87 earnings per share for the current fiscal year.

Insider Buying and Selling at CommVault Systems

In other CommVault Systems news, CFO Gary Merrill sold 1,293 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $142.80, for a total value of $184,640.40. Following the transaction, the chief financial officer directly owned 69,628 shares of the company’s stock, valued at approximately $9,942,878.40. The trade was a 1.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Sanjay Mirchandani sold 6,857 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $142.80, for a total value of $979,179.60. Following the completion of the transaction, the chief executive officer directly owned 257,676 shares in the company, valued at approximately $36,796,132.80. This trade represents a 2.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 29,348 shares of company stock valued at $4,202,441 over the last ninety days. Insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On CommVault Systems

A number of large investors have recently bought and sold shares of the stock. Transamerica Financial Advisors LLC bought a new stake in CommVault Systems in the second quarter valued at $25,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of CommVault Systems during the second quarter valued at about $27,000. Silvant Capital Management LLC bought a new position in shares of CommVault Systems during the 2nd quarter worth about $30,000. Essential Partners LLC boosted its position in shares of CommVault Systems by 9,920.0% during the 1st quarter. Essential Partners LLC now owns 501 shares of the software maker’s stock worth $39,000 after purchasing an additional 496 shares in the last quarter. Finally, Root Financial Partners LLC bought a new position in shares of CommVault Systems during the 3rd quarter worth about $49,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about CommVault Systems

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

• Positive Sentiment: Analysts raised price targets: Wells Fargo increased its target from $155 to $185 and assigned an “overweight” rating, while KeyCorp raised its target from $175 to $200 and also maintained an “overweight” rating. The new targets imply approximately 9% to 18% upside from recent levels. Wells Fargo analyst rating KeyCorp analyst rating
• Positive Sentiment: Fiscal Q2 earnings beat expectations: Commvault reported $1.38 in EPS versus the $1.25 consensus estimate, while revenue reached $312.39 million compared with expectations of $310.41 million. EPS rose from $0.91 a year earlier, and revenue increased 13.1% year over year. Commvault fiscal Q2 results
• Positive Sentiment: Recurring revenue trends were particularly strong: Subscription revenue grew 21% to $269 million, subscription ARR increased 20% to $1.104 billion, and the company generated $75 million in operating cash flow and $71 million in free cash flow.
• Positive Sentiment: Product expansion may support future demand: New identity-resilience capabilities cover Active Directory, Entra ID, and Okta, helping customers identify Tier 0 exposure and remediate hidden identity-system risks before attacks occur. Commvault identity resilience announcement
• Neutral Sentiment: Jefferies also indicated that CVLT shares could rise, reinforcing generally constructive analyst sentiment, though the available report provides limited additional detail. Jefferies analyst commentary
• Negative Sentiment: Valuation and muted post-earnings reaction remain risks: CVLT trades at a P/E ratio above 100 after reaching near its 52-week high. The recent pullback suggests investors may be taking profits or demanding stronger forward guidance despite the earnings beat.

About CommVault Systems

Commvault Systems, Inc develops data protection and cyber resilience software and services for businesses, government organizations and other institutions. Its platform is designed to help customers back up, recover, manage and secure data across on-premises infrastructure, private and public clouds, software-as-a-service applications and other distributed IT environments.

The company’s offerings include backup and recovery, disaster recovery, data security, ransomware protection, cyber-recovery capabilities and data management tools.