Brokerages Set CommVault Systems, Inc. (NASDAQ:CVLT) PT at $136.33

CommVault Systems, Inc. (NASDAQ:CVLT) has been given a consensus rating of “Moderate Buy” by the nineteen analysts that are covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $136.3333.

Several equities research analysts recently commented on the stock. Wolfe Research initiated coverage on shares of CommVault Systems in a research report on Friday, May 1st. They set a “peer perform” rating on the stock. Loop Capital initiated coverage on shares of CommVault Systems in a research report on Tuesday, March 24th. They issued a “buy” rating and a $125.00 price target for the company. Robert W. Baird dropped their price target 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. Jefferies Financial Group assumed coverage on shares of CommVault Systems in a report on Monday, April 27th. They set a “hold” rating and a $105.00 price target on the stock. Finally, Weiss Ratings raised shares of CommVault Systems from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 16th.

CommVault Systems Price Performance

CommVault Systems stock opened at $149.98 on Tuesday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 117.54. The company has a market capitalization of $6.21 billion, a PE ratio of 94.33 and a beta of 0.79. CommVault Systems has a 12 month low of $71.75 and a 12 month high of $200.68. The stock has a 50-day moving average price of $116.61 and a two-hundred day moving average price of $104.73.

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, topping the consensus estimate of $1.09 by $0.19. CommVault Systems had a return on equity of 51.64% and a net margin of 5.97%.The company had revenue of $311.69 million for the quarter, compared to analysts’ expectations of $306.71 million. During the same period in the previous year, the business posted $1.03 earnings per share. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. Analysts expect that CommVault Systems will post 2.86 EPS for the current year.

More CommVault Systems News

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

• Positive Sentiment: Wall Street sentiment appears upbeat, with a Zacks article highlighting bullish analyst views on Commvault Systems (CVLT), which could help support the stock. Article Title
• Positive Sentiment: A Seeking Alpha piece argued that Commvault’s SaaS transition, recurring revenue growth, and strong free cash flow could justify a higher valuation over time. Article Title
• Neutral Sentiment: Several law firms issued reminders and deadline notices tied to the existing CVLT securities class action, keeping the lawsuit in investors’ focus but not adding new allegations. Article Title
• Neutral Sentiment: Additional class-action updates say investors have until July 17 to seek lead-plaintiff status, reinforcing legal overhang but largely repeating prior notices. Article Title
• Negative Sentiment: New filings and attorney outreach from multiple firms expanded the securities-fraud case against Commvault, which can keep pressure on CVLT shares. Article Title
• Negative Sentiment: Investor alerts highlighted claims that Commvault’s stock fell sharply after disappointing results and that executives later sold stock, reinforcing concerns about governance and growth expectations. Article Title

Insiders Place Their Bets

In other CommVault Systems news, CEO Sanjay Mirchandani sold 19,396 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $105.49, for a total value of $2,046,084.04. Following the sale, the chief executive officer owned 315,377 shares in the company, valued at approximately $33,269,119.73. The trade was a 5.79% decrease in their position. The transaction 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 dated Tuesday, May 19th. The shares were sold at an average price of $105.84, for a total value of $112,719.60. Following the completion of the sale, the chief accounting officer directly owned 13,581 shares of the company’s stock, valued at approximately $1,437,413.04. The trade was a 7.27% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. In the last three months, insiders have sold 55,025 shares of company stock valued at $5,748,457. 0.86% of the stock is currently owned by company insiders.

Institutional Trading of CommVault Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Boston Trust Walden Corp bought a new position in CommVault Systems during the fourth quarter worth $30,830,000. Intech Investment Management LLC boosted its position in CommVault Systems by 52.4% during the fourth quarter. Intech Investment Management LLC now owns 86,634 shares of the software maker’s stock valued at $10,860,000 after acquiring an additional 29,796 shares during the last quarter. Epoch Investment Partners Inc. bought a new stake in CommVault Systems during the fourth quarter valued at $27,278,000. Victory Capital Management Inc. grew its holdings in CommVault Systems by 19.4% during the 3rd quarter. Victory Capital Management Inc. now owns 118,284 shares of the software maker’s stock worth $22,330,000 after acquiring an additional 19,218 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in CommVault Systems by 410.8% during the 4th quarter. BNP Paribas Financial Markets now owns 320,468 shares of the software maker’s stock worth $40,174,000 after acquiring an additional 257,729 shares during the period. Institutional investors and hedge funds own 93.50% of the company’s stock.

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.