CommVault Systems (NASDAQ:CVLT – Free Report) had its price target trimmed by KeyCorp from $152.00 to $108.00 in a research report released on Wednesday, Marketbeat Ratings reports. The brokerage currently has an overweight rating on the software maker’s stock.
Several other research analysts also recently commented on the company. Robert W. Baird began coverage on CommVault Systems in a report on Monday, October 27th. They set an “outperform” rating and a $215.00 price objective on the stock. Wells Fargo & Company cut their price target on CommVault Systems from $220.00 to $190.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Stephens decreased their price objective on CommVault Systems from $162.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday. Guggenheim lowered their price objective on shares of CommVault Systems from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, January 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of CommVault Systems in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, CommVault Systems presently has a consensus rating of “Moderate Buy” and an average price target of $143.58.
View Our Latest Stock Report on CommVault Systems
CommVault Systems Stock Up 0.8%
CommVault Systems (NASDAQ:CVLT – Get Free Report) last posted its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.17 EPS for the quarter, topping the consensus estimate of $0.98 by $0.19. CommVault Systems had a net margin of 7.58% and a return on equity of 37.38%. The company had revenue of $313.83 million for the quarter, compared to the consensus estimate of $299.07 million. During the same quarter last year, the firm posted $0.94 EPS. The firm’s revenue was up 19.5% compared to the same quarter last year. Analysts anticipate that CommVault Systems will post 1.65 EPS for the current year.
Insiders Place Their Bets
In other CommVault Systems news, insider Gary Merrill sold 2,674 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $123.58, for a total transaction of $330,452.92. Following the completion of the sale, the insider directly owned 69,163 shares of the company’s stock, valued at approximately $8,547,163.54. This represents a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jennifer Leigh Dirico sold 830 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $123.58, for a total transaction of $102,571.40. Following the completion of the sale, the chief financial officer owned 44,313 shares in the company, valued at $5,476,200.54. This represents a 1.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 33,111 shares of company stock worth $4,058,851. 1.00% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On CommVault Systems
A number of large investors have recently made changes to their positions in CVLT. Cullen Frost Bankers Inc. boosted its position in shares of CommVault Systems by 43.8% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock worth $46,000 after purchasing an additional 74 shares in the last quarter. JSF Financial LLC raised its stake in CommVault Systems by 1.1% in the third quarter. JSF Financial LLC now owns 7,345 shares of the software maker’s stock valued at $1,387,000 after buying an additional 82 shares during the last quarter. Assetmark Inc. boosted its holdings in CommVault Systems by 33.6% in the fourth quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock worth $41,000 after acquiring an additional 82 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of CommVault Systems by 17.1% during the third quarter. Farther Finance Advisors LLC now owns 652 shares of the software maker’s stock worth $123,000 after acquiring an additional 95 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in shares of CommVault Systems by 0.8% during the second quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the software maker’s stock valued at $2,162,000 after acquiring an additional 100 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.
More CommVault Systems News
Here are the key news stories impacting CommVault Systems this week:
- Positive Sentiment: Q3 results beat consensus: $1.17 EPS vs. $0.98 estimate and revenue ~$314M (+19% YoY); ARR grew ~22% and new‑customer adds hit a high — supports longer‑term subscription growth. PR Newswire
- Positive Sentiment: Strategic partnerships: expanded collaboration with Google Cloud was cited as a positive catalyst that had supported recent upside prior to the sell‑off. Investing.com
- Neutral Sentiment: Earnings materials and call transcripts are available for investors to review management commentary (guidance language and SaaS mix comments appear to be the market focus). Yahoo Finance transcript
- Neutral Sentiment: Independent analysis highlights a potential buying opportunity based on fundamentals despite near‑term headwinds (Baird/other analyst comments). TipRanks / Baird
- Neutral Sentiment: Short‑interest data in some feeds shows a large rise but reports also display zero shares (likely a reporting/data error); treat short‑interest headlines with caution until exchanges confirm figures.
- Negative Sentiment: Broad analyst price‑target reductions and rating resets followed the print — multiple firms cut PTs (examples: RBC, Cantor, KeyCorp, Oppenheimer, DA Davidson, Mizuho, Guggenheim, Wells Fargo, Truist), which increased selling pressure despite many firms retaining constructive ratings. Benzinga summary of analyst moves
- Negative Sentiment: Market reaction: shares fell sharply after the earnings release — headlines and note pieces explain the move as investors focusing on guidance, SaaS mix transition, and near‑term margin/growth pacing concerns. Forbes
- Negative Sentiment: Coverage pieces and investor writeups (AAII, Seeking Alpha summaries) emphasize the 30%‑range decline and debate whether the pullback creates a buying opportunity or reflects deeper execution/guidance risks. AAII
About CommVault Systems
Commvault Systems, Inc is a global provider of data protection and information management software designed to help organizations manage, protect, and activate data across on-premises and cloud environments. Founded in 1996 and headquartered in Tinton Falls, New Jersey, Commvault offers a suite of integrated products and services that enable enterprises to back up, recover, archive, and analyze data. Its flagship solutions include Commvault Complete Data Protection, Commvault HyperScale, and the SaaS-based Metallic portfolio, which deliver scalable and automated data management capabilities across hybrid infrastructure environments.
Commvault’s platform is built on a unified architecture that allows customers to streamline operations, reduce complexity, and ensure data resiliency.
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