Truist Financial Lowers CommVault Systems (NASDAQ:CVLT) Price Target to $210.00

CommVault Systems (NASDAQ:CVLT) had its price target lowered by Truist Financial from $230.00 to $210.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. Truist Financial’s target price indicates a potential upside of 52.59% from the company’s previous close.

A number of other brokerages have also commented on CVLT. Baird R W raised shares of CommVault Systems to a “strong-buy” rating in a research report on Monday. KeyCorp dropped their price target on shares of CommVault Systems from $225.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday. Piper Sandler raised shares of CommVault Systems from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $195.00 to $200.00 in a research report on Monday, October 13th. Guggenheim reaffirmed a “buy” rating and set a $220.00 price target on shares of CommVault Systems in a research report on Thursday, October 16th. Finally, DA Davidson upped their price target on shares of CommVault Systems from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, CommVault Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.10.

CommVault Systems Stock Performance

Shares of CVLT stock opened at $137.62 on Wednesday. The company’s fifty day simple moving average is $178.53 and its 200-day simple moving average is $176.13. The company has a quick ratio of 1.24, a current ratio of 2.53 and a debt-to-equity ratio of 4.18. The firm has a market cap of $6.12 billion, a PE ratio of 77.32 and a beta of 0.72. CommVault Systems has a 12 month low of $128.07 and a 12 month high of $200.68.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, October 28th. The software maker reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.04). The business had revenue of $276.19 million during the quarter, compared to the consensus estimate of $273.31 million. CommVault Systems had a return on equity of 31.53% and a net margin of 7.32%.The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 EPS. CommVault Systems has set its Q3 2026 guidance at EPS. FY 2026 guidance at EPS. Equities research analysts expect that CommVault Systems will post 1.65 EPS for the current fiscal year.

Insider Activity at CommVault Systems

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

Hedge Funds Weigh In On CommVault Systems

Large investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC bought a new position in shares of CommVault Systems in the first quarter valued at about $243,000. Principal Financial Group Inc. grew its stake in shares of CommVault Systems by 1.4% in the first quarter. Principal Financial Group Inc. now owns 122,042 shares of the software maker’s stock valued at $19,253,000 after acquiring an additional 1,668 shares in the last quarter. Beacon Harbor Wealth Advisors Inc. acquired a new position in shares of CommVault Systems in the first quarter valued at about $5,881,000. KBC Group NV grew its stake in shares of CommVault Systems by 13.8% in the first quarter. KBC Group NV now owns 2,066 shares of the software maker’s stock valued at $326,000 after acquiring an additional 250 shares in the last quarter. Finally, WCM Investment Management LLC grew its stake in shares of CommVault Systems by 79.6% in the first quarter. WCM Investment Management LLC now owns 122,370 shares of the software maker’s stock valued at $19,821,000 after acquiring an additional 54,226 shares in the last quarter. 93.50% of the stock is owned by institutional investors.

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.