Wells Fargo & Company Issues Pessimistic Forecast for CommVault Systems (NASDAQ:CVLT) Stock Price

CommVault Systems (NASDAQ:CVLT) had its price objective reduced by equities researchers at Wells Fargo & Company from $220.00 to $190.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the software maker’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 38.06% from the company’s previous close.

A number of other analysts have also weighed in on CVLT. Royal Bank Of Canada raised their price objective on shares of CommVault Systems from $185.00 to $217.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 30th. Zacks Research upgraded shares of CommVault Systems from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Piper Sandler upgraded shares of CommVault Systems from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $195.00 to $200.00 in a research note on Monday, October 13th. Cantor Fitzgerald reduced their price objective on shares of CommVault Systems from $189.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, DA Davidson raised their price objective on shares of CommVault Systems from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, CommVault Systems currently has an average rating of “Moderate Buy” and an average price target of $195.10.

CommVault Systems Stock Down 1.8%

NASDAQ:CVLT opened at $137.62 on Wednesday. The firm has a market cap of $6.12 billion, a P/E ratio of 77.32 and a beta of 0.72. The company has a debt-to-equity ratio of 4.18, a quick ratio of 1.24 and a current ratio of 2.53. CommVault Systems has a fifty-two week low of $128.07 and a fifty-two week high of $200.68. The firm has a 50-day simple moving average of $178.53 and a two-hundred day simple moving average of $176.13.

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

Insider Activity at CommVault Systems

In other news, Director Allison Pickens sold 690 shares of CommVault Systems stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $177.89, for a total value of $122,744.10. Following the completion of the sale, the director directly owned 5,166 shares in the company, valued at $918,979.74. The trade was a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Gary Merrill sold 15,244 shares of CommVault Systems stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $178.01, for a total transaction of $2,713,584.44. Following the completion of the sale, the insider owned 71,837 shares of the company’s stock, valued at $12,787,704.37. This represents a 17.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 55,942 shares of company stock valued at $10,019,157. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On CommVault Systems

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Invesco Ltd. boosted its holdings in shares of CommVault Systems by 7.1% in the first quarter. Invesco Ltd. now owns 1,777,307 shares of the software maker’s stock worth $280,388,000 after buying an additional 117,199 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of CommVault Systems by 2.9% in the first quarter. Acadian Asset Management LLC now owns 1,505,357 shares of the software maker’s stock worth $237,454,000 after buying an additional 43,075 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of CommVault Systems by 2.0% in the second quarter. Geode Capital Management LLC now owns 1,337,403 shares of the software maker’s stock worth $233,172,000 after buying an additional 26,207 shares during the last quarter. AQR Capital Management LLC lifted its holdings in CommVault Systems by 60.8% during the second quarter. AQR Capital Management LLC now owns 893,385 shares of the software maker’s stock valued at $155,744,000 after purchasing an additional 337,830 shares in the last quarter. Finally, Nuveen LLC purchased a new position in CommVault Systems during the first quarter valued at approximately $116,223,000. 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.