CommVault Systems (NASDAQ:CVLT) Price Target Raised to $175.00 at Oppenheimer

CommVault Systems (NASDAQ:CVLT) had its target price upped by stock analysts at Oppenheimer from $150.00 to $175.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the software maker’s stock. Oppenheimer’s price target indicates a potential upside of 19.03% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Mizuho boosted their target price on shares of CommVault Systems from $140.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday. Loop Capital began coverage on shares of CommVault Systems in a report on Tuesday, March 24th. They issued a “buy” rating and a $125.00 price target on the stock. Wall Street Zen downgraded CommVault Systems from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Royal Bank Of Canada increased their price objective on CommVault Systems from $100.00 to $110.00 and gave the company a “sector perform” rating in a report on Wednesday, April 29th. Finally, DA Davidson reissued a “buy” rating and issued a $125.00 target price on shares of CommVault Systems in a research report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $143.67.

CommVault Systems Stock Performance

Shares of CommVault Systems stock traded down $2.75 during trading hours on Friday, hitting $147.02. 107,728 shares of the company’s stock traded hands, compared to its average volume of 979,039. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of 92.62 and a beta of 0.79. CommVault Systems has a 12-month low of $71.75 and a 12-month high of $200.68. The company has a debt-to-equity ratio of 117.54, a current ratio of 1.95 and a quick ratio of 1.95. The company has a fifty day simple moving average of $125.97 and a 200-day simple moving average of $106.13.

CommVault Systems (NASDAQ:CVLT) last issued its quarterly earnings results on Tuesday, April 28th. The software maker reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.19. The company had revenue of $311.69 million for the quarter, compared to the consensus estimate of $306.71 million. CommVault Systems had a net margin of 5.97% and a return on equity of 51.64%. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 EPS. Equities research analysts anticipate that CommVault Systems will post 2.88 EPS for the current fiscal year.

Insider Buying and Selling at CommVault Systems

In related news, CFO Gary Merrill sold 4,560 shares of CommVault Systems stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $105.10, for a total transaction of $479,256.00. Following the completion of the sale, the chief financial officer owned 72,507 shares of the company’s stock, valued at approximately $7,620,485.70. This trade represents a 5.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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, CAO Danielle Nicole Abrahamsen sold 1,065 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $105.84, for a total value of $112,719.60. Following the completion of the transaction, the chief accounting officer owned 13,581 shares in the company, valued at $1,437,413.04. This represents a 7.27% 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 sold a total of 55,279 shares of company stock valued at $5,786,557 in the last three months. Company insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc lifted its position in CommVault Systems by 15.8% during the second quarter. Versant Capital Management Inc now owns 595 shares of the software maker’s stock valued at $84,000 after purchasing an additional 81 shares during the last quarter. Assetmark Inc. raised its position in shares of CommVault Systems by 33.6% during the 4th quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock valued at $41,000 after buying an additional 82 shares in the last quarter. Captrust Financial Advisors grew its position in CommVault Systems by 7.2% in the fourth quarter. Captrust Financial Advisors now owns 2,153 shares of the software maker’s stock worth $270,000 after acquiring an additional 145 shares in the last quarter. MML Investors Services LLC increased its stake in CommVault Systems by 6.7% in the fourth quarter. MML Investors Services LLC now owns 2,361 shares of the software maker’s stock valued at $296,000 after acquiring an additional 149 shares during the last quarter. Finally, Madison Asset Management LLC boosted its holdings in shares of CommVault Systems by 0.6% in the 4th quarter. Madison Asset Management LLC now owns 23,947 shares of the software maker’s stock worth $3,002,000 after purchasing an additional 153 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.

CommVault Systems News Roundup

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

• Positive Sentiment: KeyCorp raised its price target on Commvault from $125 to $175 and reiterated an Overweight rating, signaling confidence in further upside. Benzinga report on KeyCorp price target increase
• Positive Sentiment: Mizuho also lifted its target to $175 from $140 and kept an Outperform rating, reinforcing the bullish analyst sentiment around the stock. Benzinga report on Mizuho price target increase
• Positive Sentiment: Commvault highlighted new IDC survey findings showing identity management is a critical gap in agentic AI deployments, which supports the company’s positioning in resilience and data-security software. PR Newswire article on IDC survey findings
• Neutral Sentiment: Several law firms issued reminders about the July 17 lead-plaintiff deadline in an existing securities class action against Commvault, keeping legal overhang in focus for investors. Newsfile class action deadline reminder
• Neutral Sentiment: Additional class-action notices from other firms expanded attention on the same litigation, but these updates are procedural rather than new allegations. PR Newswire class action notice

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.