Oppenheimer Initiates Coverage on CommVault Systems (NASDAQ:CVLT)

Investment analysts at Oppenheimer began coverage on shares of CommVault Systems (NASDAQ:CVLT) in a report released on Monday, MarketBeat.com reports. The firm set an “outperform” rating on the software maker’s stock.

A number of other research firms have also commented on CVLT. Wells Fargo & Company cut their price target on CommVault Systems from $220.00 to $190.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Truist Financial dropped their price objective on CommVault Systems from $230.00 to $210.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Wall Street Zen downgraded CommVault Systems from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. KeyCorp reduced their target price on CommVault Systems from $225.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Finally, Zacks Research cut CommVault Systems from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, CommVault Systems presently has a consensus rating of “Moderate Buy” and an average price target of $195.10.

CommVault Systems Price Performance

Shares of NASDAQ:CVLT opened at $128.58 on Monday. The firm has a market capitalization of $5.67 billion, a PE ratio of 72.24 and a beta of 0.69. 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 company has a 50-day moving average price of $170.43 and a two-hundred day moving average price of $175.25. CommVault Systems has a twelve month low of $121.45 and a twelve month high of $200.68.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, October 28th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 7.32% and a return on equity of 31.53%. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period last year, the firm earned $0.83 EPS. CommVault Systems has set its Q3 2026 guidance at EPS. FY 2026 guidance at EPS. Equities analysts forecast that CommVault Systems will post 1.65 EPS for the current year.

Insiders Place Their Bets

In related news, insider Gary Merrill sold 15,244 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $178.01, for a total value of $2,713,584.44. Following the transaction, the insider directly owned 71,837 shares in the company, valued at approximately $12,787,704.37. This represents a 17.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Allison Pickens sold 690 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $177.89, for a total transaction 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. This represents a 11.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 55,942 shares of company stock worth $10,019,157. 1.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CommVault Systems

A number of institutional investors have recently made changes to their positions in CVLT. Versor Investments LP raised its holdings in CommVault Systems by 158.6% in the 2nd quarter. Versor Investments LP now owns 4,396 shares of the software maker’s stock worth $766,000 after purchasing an additional 2,696 shares in the last quarter. Beacon Harbor Wealth Advisors Inc. purchased a new position in shares of CommVault Systems during the first quarter valued at about $5,881,000. New York Life Investment Management LLC purchased a new position in shares of CommVault Systems during the second quarter valued at about $799,000. Raymond James Financial Inc. raised its stake in CommVault Systems by 178.6% in the first quarter. Raymond James Financial Inc. now owns 51,966 shares of the software maker’s stock worth $8,199,000 after buying an additional 33,315 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its holdings in CommVault Systems by 18.4% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 42,411 shares of the software maker’s stock worth $7,394,000 after buying an additional 6,599 shares during the period. Institutional investors own 93.50% 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.