DA Davidson Lifts Earnings Estimates for Commvault Systems

Commvault Systems, Inc. (NASDAQ:CVLT) – DA Davidson raised their FY2026 earnings per share (EPS) estimates for Commvault Systems in a research note issued to investors on Wednesday, October 30th. DA Davidson analyst R. Kessinger now anticipates that the software maker will post earnings per share of $1.89 for the year, up from their prior forecast of $1.69. DA Davidson has a “Buy” rating and a $175.00 price objective on the stock. The consensus estimate for Commvault Systems’ current full-year earnings is $1.68 per share.

A number of other equities analysts have also commented on CVLT. Piper Sandler raised their price target on Commvault Systems from $107.00 to $123.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. Royal Bank of Canada lifted their price objective on Commvault Systems from $164.00 to $182.00 and gave the company a “sector perform” rating in a research note on Wednesday. Guggenheim lowered Commvault Systems from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 15th. KeyCorp lifted their price objective on Commvault Systems from $140.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, StockNews.com lowered Commvault Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Commvault Systems presently has an average rating of “Moderate Buy” and a consensus price target of $144.29.

Commvault Systems Price Performance

Commvault Systems stock opened at $155.69 on Friday. Commvault Systems has a one year low of $65.43 and a one year high of $171.26. The business has a fifty day moving average price of $149.93 and a 200-day moving average price of $130.82. The firm has a market capitalization of $6.81 billion, a P/E ratio of 39.42 and a beta of 0.60.

Commvault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, October 29th. The software maker reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. Commvault Systems had a return on equity of 31.62% and a net margin of 19.75%. The firm had revenue of $233.28 million during the quarter, compared to analyst estimates of $220.76 million. During the same period last year, the company earned $0.30 earnings per share. The business’s revenue for the quarter was up 16.1% on a year-over-year basis.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Commvault Systems by 0.8% in the first quarter. Vanguard Group Inc. now owns 5,531,703 shares of the software maker’s stock worth $561,081,000 after buying an additional 43,333 shares during the period. Renaissance Technologies LLC increased its holdings in Commvault Systems by 7.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,813,487 shares of the software maker’s stock valued at $220,466,000 after purchasing an additional 126,800 shares during the period. Acadian Asset Management LLC increased its holdings in Commvault Systems by 0.3% during the 2nd quarter. Acadian Asset Management LLC now owns 1,601,057 shares of the software maker’s stock valued at $194,606,000 after purchasing an additional 4,422 shares during the period. Champlain Investment Partners LLC increased its holdings in Commvault Systems by 58.5% during the 1st quarter. Champlain Investment Partners LLC now owns 825,236 shares of the software maker’s stock valued at $83,704,000 after purchasing an additional 304,459 shares during the period. Finally, AQR Capital Management LLC increased its holdings in Commvault Systems by 33.5% during the 2nd quarter. AQR Capital Management LLC now owns 648,858 shares of the software maker’s stock valued at $78,882,000 after purchasing an additional 162,722 shares during the period. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Insider Buying and Selling at Commvault Systems

In other Commvault Systems news, insider Gary Merrill sold 17,388 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $150.76, for a total transaction of $2,621,414.88. Following the sale, the insider now owns 94,530 shares in the company, valued at $14,251,342.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Allison Pickens sold 1,232 shares of Commvault Systems stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $153.89, for a total value of $189,592.48. Following the transaction, the director now owns 7,131 shares in the company, valued at approximately $1,097,389.59. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gary Merrill sold 17,388 shares of Commvault Systems stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $150.76, for a total value of $2,621,414.88. Following the completion of the transaction, the insider now owns 94,530 shares in the company, valued at approximately $14,251,342.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

About Commvault Systems

Commvault Systems, Inc provides data protection platform that helps customers to secure, defend, and recover their data in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; Commvault Complete Data Protection, a data protection solution; and Metallic Data Protection as-a-service, which delivers enterprise-grade data protection as a service on a cloud platform, with advanced built-in security controls.