Several brokerages have updated their recommendations and price targets on shares of CommVault Systems (NASDAQ: CVLT) in the last few weeks:
- 10/28/2026 – CommVault Systems had its price target raised by DA Davidson from $185.00 to $210.00. They now have a “buy” rating on the stock.
- 10/28/2026 – CommVault Systems had its price target raised by Guggenheim from $175.00 to $200.00. They now have a “buy” rating on the stock.
- 10/28/2026 – CommVault Systems had its price target raised by Scotiabank from $160.00 to $180.00. They now have a “sector perform” rating on the stock.
- 10/28/2026 – CommVault Systems had its “buy” rating reaffirmed by Truist Financial. They now have a $200.00 price target on the stock, up from $182.00.
- 10/28/2026 – CommVault Systems had its price target raised by Royal Bank Of Canada from $160.00 to $180.00. They now have a “sector perform” rating on the stock.
- 10/28/2026 – CommVault Systems had its price target raised by Wells Fargo & Company from $155.00 to $185.00. They now have an “overweight” rating on the stock.
- 10/28/2026 – CommVault Systems had its price target raised by KeyCorp from $175.00 to $200.00. They now have an “overweight” rating on the stock.
- 10/26/2026 – CommVault Systems had its price target raised by Jefferies Financial Group from $130.00 to $170.00. They now have a “hold” rating on the stock.
- 10/26/2026 – CommVault Systems had its price target raised by Cantor Fitzgerald from $132.00 to $171.00. They now have a “neutral” rating on the stock.
- 10/18/2026 – CommVault Systems was upgraded by Wall Street Zen from “hold” to “buy”.
- 10/15/2026 – CommVault Systems had its price target raised by Mizuho from $175.00 to $185.00. They now have an “outperform” rating on the stock.
- 10/12/2026 – CommVault Systems had its price target raised by Royal Bank Of Canada from $150.00 to $160.00. They now have a “sector perform” rating on the stock.
- 10/10/2026 – CommVault Systems was downgraded by Wall Street Zen from “buy” to “hold”.
- 10/5/2026 – CommVault Systems had its price target raised by Scotiabank from $130.00 to $160.00. They now have a “sector perform” rating on the stock.
- 9/13/2026 – CommVault Systems was upgraded by Wall Street Zen from “hold” to “buy”.
- 9/11/2026 – CommVault Systems had its “hold (c)” rating reaffirmed by Weiss Ratings.
- 9/10/2026 – CommVault Systems is now covered by FBN Securities. They set an “outperform” rating and a $155.00 price target on the stock.
- 9/5/2026 – CommVault Systems was downgraded by Wall Street Zen from “buy” to “hold”.
Insiders Place Their Bets
In related news, CFO Gary Merrill sold 1,854 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $143.64, for a total transaction of $266,308.56. Following the completion of the sale, the chief financial officer directly owned 70,921 shares of the company’s stock, valued at approximately $10,187,092.44. This trade represents a 2.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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, Director Vivie Lee sold 595 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $134.19, for a total value of $79,843.05. Following the completion of the transaction, the director directly owned 15,140 shares in the company, valued at approximately $2,031,636.60. The trade was a 3.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 29,348 shares of company stock valued at $4,202,441. 0.86% of the stock is currently owned by insiders.
Commvault Systems, Inc develops data protection and cyber resilience software and services for businesses, government organizations and other institutions. Its platform is designed to help customers back up, recover, manage and secure data across on-premises infrastructure, private and public clouds, software-as-a-service applications and other distributed IT environments.
The company’s offerings include backup and recovery, disaster recovery, data security, ransomware protection, cyber-recovery capabilities and data management tools.
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