CommVault Systems (NASDAQ:CVLT) Upgraded at Zacks Research

Zacks Research upgraded shares of CommVault Systems (NASDAQ:CVLT) from a hold rating to a strong-buy rating in a research note published on Monday morning,Zacks.com reports.

CVLT has been the subject of a number of other reports. Piper Sandler upgraded CommVault Systems from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $195.00 to $200.00 in a research report on Monday. Truist Financial initiated coverage on CommVault Systems in a research report on Wednesday, October 8th. They set a “buy” rating and a $230.00 price target for the company. Guggenheim set a $220.00 price target on CommVault Systems in a research report on Tuesday, July 29th. Wells Fargo & Company boosted their price target on CommVault Systems from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of CommVault Systems in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $211.67.

CommVault Systems Price Performance

CommVault Systems stock opened at $172.05 on Monday. The stock has a market capitalization of $7.65 billion, a PE ratio of 95.58 and a beta of 0.72. CommVault Systems has a 12 month low of $128.07 and a 12 month high of $200.68. The business has a 50 day simple moving average of $182.75 and a 200-day simple moving average of $175.07.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings data on Tuesday, July 29th. The software maker reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.04. The business had revenue of $281.98 million during the quarter, compared to analysts’ expectations of $267.83 million. CommVault Systems had a return on equity of 30.83% and a net margin of 7.70%.CommVault Systems’s revenue for the quarter was up 26% compared to the same quarter last year. CommVault Systems has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, equities research analysts anticipate that CommVault Systems will post 1.65 EPS for the current fiscal year.

Insider Transactions at CommVault Systems

In other CommVault Systems news, CEO Sanjay Mirchandani sold 11,320 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $177.83, for a total transaction of $2,013,035.60. Following the sale, the chief executive officer owned 458,361 shares in the company, valued at $81,510,336.63. This represents a 2.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Gary Merrill sold 15,244 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $178.01, for a total value of $2,713,584.44. Following the sale, the insider owned 71,837 shares in the company, valued at approximately $12,787,704.37. This trade represents a 17.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,942 shares of company stock worth $10,019,157 in the last 90 days. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CVLT. SBI Securities Co. Ltd. grew its position in CommVault Systems by 101.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 159 shares of the software maker’s stock valued at $25,000 after buying an additional 80 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in CommVault Systems in the 1st quarter valued at $27,000. Brooklyn Investment Group grew its position in CommVault Systems by 8,550.0% in the 1st quarter. Brooklyn Investment Group now owns 173 shares of the software maker’s stock valued at $27,000 after buying an additional 171 shares during the last quarter. State of Wyoming purchased a new position in CommVault Systems in the 2nd quarter valued at $35,000. Finally, EverSource Wealth Advisors LLC grew its position in CommVault Systems by 188.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock valued at $47,000 after buying an additional 177 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

CommVault Systems Company Profile

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.