CommVault Systems (NASDAQ:CVLT) Price Target Raised to $170.00

CommVault Systems (NASDAQ:CVLT) had its target price lifted by Jefferies Financial Group from $130.00 to $170.00 in a research note released on Monday,Benzinga reports. The brokerage currently has a hold rating on the software maker’s stock.

A number of other equities analysts have also recently weighed in on CVLT. Guggenheim restated a “buy” rating on shares of CommVault Systems in a report on Tuesday, July 28th. Piper Sandler lowered shares of CommVault Systems from an “overweight” rating to a “neutral” rating and set a $133.00 price objective on the stock. in a research note on Tuesday, July 28th. KeyCorp boosted their target price on shares of CommVault Systems from $125.00 to $175.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. FBN Securities initiated coverage on shares of CommVault Systems in a research note on Thursday, September 10th. They issued an “outperform” rating and a $155.00 target price for the company. Finally, Wall Street Zen upgraded shares of CommVault Systems from a “hold” rating to a “buy” rating in a research note on Sunday, October 18th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $174.00.

CommVault Systems Trading Down 3.5%

Shares of CVLT opened at $166.46 on Monday. The stock’s 50-day moving average is $146.72 and its two-hundred day moving average is $118.75. The stock has a market cap of $6.90 billion, a PE ratio of 106.03 and a beta of 0.79. CommVault Systems has a 12 month low of $71.75 and a 12 month high of $174.25. The company has a debt-to-equity ratio of 16.94, a current ratio of 2.04 and a quick ratio of 2.04.

CommVault Systems (NASDAQ:CVLT) last issued its earnings results on Tuesday, October 27th. The software maker reported $1.38 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $310.41 million. During the same quarter in the prior year, the business earned $0.91 earnings per share. The company’s revenue was up 13.1% compared to the same quarter last year. Equities analysts forecast that CommVault Systems will post 2.87 earnings per share for the current fiscal year.

Insider Transactions at CommVault Systems

In other CommVault Systems news, Director A. Shane Sanders sold 476 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $134.19, for a total transaction of $63,874.44. Following the transaction, the director directly owned 8,696 shares in the company, valued at $1,166,916.24. This represents a 5.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gary Merrill sold 1,293 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $142.80, for a total transaction 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. This represents a 1.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 29,348 shares of company stock valued at $4,202,441 over the last ninety days. 0.86% of the stock is currently owned by corporate insiders.

Institutional Trading of CommVault Systems

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new position in CommVault Systems during the second quarter worth $855,420,000. The Manufacturers Life Insurance Company acquired a new position in CommVault Systems in the second quarter worth $65,765,000. American Capital Management Inc. bought a new stake in CommVault Systems during the second quarter valued at $62,493,000. Bank of America Corp DE bought a new stake in CommVault Systems during the second quarter valued at $51,709,000. Finally, Pictet Asset Management Holding SA increased its stake in CommVault Systems by 36.2% during the first quarter. Pictet Asset Management Holding SA now owns 1,239,225 shares of the software maker’s stock valued at $96,447,000 after purchasing an additional 329,243 shares during the last quarter. 93.50% of the stock is owned by institutional investors.

Key Headlines Impacting CommVault Systems

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

• Positive Sentiment: Commvault’s fiscal second-quarter results exceeded expectations: adjusted earnings were $1.38 per share versus the $1.25 consensus, while revenue reached $312.4 million, ahead of the $310.4 million estimate. Revenue increased 13.1% year over year, helping reinforce the company’s growth outlook. Commvault Systems Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Subscription revenue rose 21% to $269 million, annualized recurring revenue increased 20% to $1.104 billion, and the company generated $75 million in operating cash flow and $71 million in free cash flow. These recurring-revenue and cash-flow trends are favorable for long-term investors. Commvault Announces Second Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Analyst sentiment improved following the report. Truist reaffirmed a Buy rating and raised its target to $200 from $182; KeyCorp lifted its target to $200 from $175 and maintained Overweight; Wells Fargo raised its target to $185 from $155 and also remained Overweight. Truist Financial Analyst Action
• Positive Sentiment: Commvault introduced identity-resilience capabilities covering Active Directory, Entra ID, and Okta. The tools are designed to identify privileged-access risks and guide remediation, potentially strengthening the company’s cybersecurity product offering. Commvault Advances Identity Resilience
• Neutral Sentiment: Royal Bank of Canada raised its price target to $180 from $160 but retained a Sector Perform rating, signaling improved valuation expectations without a strongly bullish view.
• Negative Sentiment: With CVLT trading near its 52-week high and carrying a valuation above 100 times earnings, investors may be locking in gains after the earnings release. That valuation leaves the stock sensitive to expectations even though operating momentum remains strong.

CommVault Systems Company Profile

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.