CommVault Systems (NASDAQ:CVLT) Research Coverage Started at Robert W. Baird

Robert W. Baird assumed coverage on shares of CommVault Systems (NASDAQ:CVLT) in a report issued on Monday morning, Marketbeat.com reports. The brokerage issued an outperform rating and a $215.00 target price on the software maker’s stock.

Other equities research analysts have also issued reports about the stock. Wall Street Zen lowered shares of CommVault Systems from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 21st. Piper Sandler raised CommVault Systems from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $195.00 to $200.00 in a report on Monday, October 13th. Zacks Research raised CommVault Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. KeyCorp raised their target price on CommVault Systems from $195.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Finally, Guggenheim restated a “buy” rating and set a $220.00 price target on shares of CommVault Systems in a research note on Thursday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, CommVault Systems currently has an average rating of “Moderate Buy” and an average price target of $195.10.

CommVault Systems Price Performance

Shares of NASDAQ:CVLT opened at $140.14 on Monday. The company has a debt-to-equity ratio of 4.18, a quick ratio of 1.24 and a current ratio of 2.53. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 78.73 and a beta of 0.72. The business has a 50-day simple moving average of $179.30 and a two-hundred day simple moving average of $176.40. CommVault Systems has a fifty-two week low of $128.07 and a fifty-two week high of $200.68.

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

Insider Activity

In related news, CEO Sanjay Mirchandani sold 11,320 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer owned 458,361 shares of the company’s stock, valued at approximately $81,510,336.63. This represents a 2.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Gary Merrill sold 15,244 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $178.01, for a total value 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. The trade was a 17.51% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 55,942 shares of company stock valued at $10,019,157. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On CommVault Systems

A number of hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC purchased a new position in CommVault Systems during the first quarter valued at $243,000. Asset Management One Co. Ltd. bought a new position in shares of CommVault Systems during the 1st quarter valued at about $1,229,000. Principal Financial Group Inc. boosted its holdings in shares of CommVault Systems by 1.4% during the 1st quarter. Principal Financial Group Inc. now owns 122,042 shares of the software maker’s stock valued at $19,253,000 after purchasing an additional 1,668 shares during the last quarter. Diversified Trust Co purchased a new position in shares of CommVault Systems during the first quarter valued at about $524,000. Finally, Beacon Harbor Wealth Advisors Inc. bought a new stake in shares of CommVault Systems in the first quarter worth about $5,881,000. 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.