KeyCorp Forecasts Strong Price Appreciation for CommVault Systems (NASDAQ:CVLT) Stock

CommVault Systems (NASDAQ:CVLT) had its target price hoisted by analysts at KeyCorp from $125.00 to $175.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the software maker’s stock. KeyCorp’s target price indicates a potential upside of 18.40% from the stock’s current price.

A number of other analysts also recently weighed in on CVLT. Mizuho upped their target price on shares of CommVault Systems from $140.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday. Stephens boosted their price objective on shares of CommVault Systems from $135.00 to $155.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 16th. Royal Bank Of Canada boosted their price objective on shares of CommVault Systems from $100.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 29th. Robert W. Baird decreased their target price on shares of CommVault Systems from $185.00 to $160.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Finally, William Blair reiterated a “market perform” rating on shares of CommVault Systems in a report on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, CommVault Systems presently has an average rating of “Moderate Buy” and a consensus price target of $143.67.

CommVault Systems Stock Down 1.3%

Shares of NASDAQ:CVLT opened at $147.81 on Thursday. The firm has a market capitalization of $6.12 billion, a P/E ratio of 92.96 and a beta of 0.79. The company has a debt-to-equity ratio of 117.54, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a 50 day moving average price of $126.83 and a 200-day moving average price of $106.42. CommVault Systems has a 52-week low of $71.75 and a 52-week high of $200.68.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings results on Tuesday, April 28th. The software maker reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.19. The company had revenue of $311.69 million for the quarter, compared to analyst estimates of $306.71 million. CommVault Systems had a return on equity of 51.64% and a net margin of 5.97%.The firm’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 earnings per share. As a group, equities research analysts anticipate that CommVault Systems will post 2.88 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Sanjay Mirchandani sold 19,396 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $105.49, for a total value of $2,046,084.04. Following the transaction, the chief executive officer owned 315,377 shares in the company, valued at approximately $33,269,119.73. This represents a 5.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Danielle Nicole Abrahamsen sold 1,065 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $105.84, for a total transaction of $112,719.60. Following the sale, the chief accounting officer owned 13,581 shares in the company, valued at approximately $1,437,413.04. The trade was a 7.27% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 55,279 shares of company stock worth $5,786,557 in the last quarter. Corporate insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On CommVault Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CVLT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of CommVault Systems by 8.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,410 shares of the software maker’s stock worth $23,255,000 after purchasing an additional 11,700 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of CommVault Systems during the second quarter valued at $327,000. Cetera Investment Advisers increased its holdings in CommVault Systems by 13.4% in the 2nd quarter. Cetera Investment Advisers now owns 2,486 shares of the software maker’s stock worth $433,000 after buying an additional 294 shares in the last quarter. EverSource Wealth Advisors LLC raised 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 worth $47,000 after buying an additional 177 shares during the last quarter. Finally, Guggenheim Capital LLC raised its position in CommVault Systems by 43.8% in the 2nd quarter. Guggenheim Capital LLC now owns 4,245 shares of the software maker’s stock worth $740,000 after buying an additional 1,293 shares during the last quarter. 93.50% of the stock is owned by institutional investors.

Key Headlines Impacting CommVault Systems

Here are the key news stories impacting CommVault Systems this week:

• Positive Sentiment: Oppenheimer increased its price target on Commvault Systems to $175 from $150 and reiterated an outperform rating, signaling stronger confidence in upside potential. Benzinga source
• Positive Sentiment: KeyCorp also raised its target to $175 and maintained an overweight rating, adding to the bullish analyst sentiment around CVLT. Benzinga source
• Positive Sentiment: Mizuho reportedly set a new $175 price target, reinforcing the view that analysts expect further appreciation for Commvault Systems. American Banking News source
• Neutral Sentiment: Commvault also highlighted research showing identity management is a critical gap in agentic AI deployments, which supports its long-term product narrative but is not an immediate catalyst. PR Newswire source
• Negative Sentiment: Multiple law firms issued reminders about the July 17 lead-plaintiff deadline in a securities class action, keeping litigation risk in focus for investors. Globe Newswire source

CommVault Systems Company Profile

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.