CommVault Systems (NASDAQ:CVLT – Get Free Report) had its price objective raised by research analysts at KeyCorp from $175.00 to $200.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the software maker’s stock. KeyCorp‘s price target points to a potential upside of 15.91% from the company’s current price.
Other equities analysts also recently issued reports about the stock. Royal Bank Of Canada lifted their price target on shares of CommVault Systems from $150.00 to $160.00 and gave the company a “sector perform” rating in a report on Monday, October 12th. DA Davidson set a $175.00 target price on shares of CommVault Systems in a report on Wednesday, July 29th. Truist Financial upped their target price on shares of CommVault Systems from $155.00 to $182.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Piper Sandler lowered shares of CommVault Systems from an “overweight” rating to a “neutral” rating and set a $133.00 price target on the stock. in a research note on Tuesday, July 28th. Finally, Guggenheim restated a “buy” rating on shares of CommVault Systems in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $164.75.
Check Out Our Latest Stock Analysis on CVLT
CommVault Systems Stock Up 2.9%
CVLT stock opened at $172.55 on Wednesday. The company has a market capitalization of $7.15 billion, a price-to-earnings ratio of 109.90 and a beta of 0.79. CommVault Systems has a 12 month low of $71.75 and a 12 month high of $174.25. The firm has a 50 day moving average of $146.25 and a two-hundred day moving average of $118.53.
CommVault Systems (NASDAQ:CVLT – Get Free Report) last released its earnings results on Tuesday, October 27th. The software maker reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.13. The business had revenue of $312.39 million during the quarter, compared to analyst estimates of $310.41 million. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period last year, the business earned $0.91 EPS. On average, research analysts expect that CommVault Systems will post 2.87 EPS for the current fiscal year.
Insider Transactions at CommVault Systems
In other CommVault Systems news, CAO Danielle Abrahamsen sold 486 shares of CommVault Systems stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $142.80, for a total value of $69,400.80. Following the completion of the sale, the chief accounting officer directly owned 12,160 shares in the company, valued at approximately $1,736,448. The trade was a 3.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $134.19, for a total transaction of $79,843.05. Following the transaction, the director directly owned 15,140 shares in the company, valued at $2,031,636.60. This trade represents a 3.78% 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. In the last 90 days, insiders sold 29,348 shares of company stock worth $4,202,441. Corporate insiders own 0.86% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Maxi Investments CY Ltd bought a new position in shares of CommVault Systems during the 3rd quarter valued at approximately $585,000. Fifth Third Wealth Advisors LLC purchased a new position in shares of CommVault Systems during the third quarter worth approximately $213,000. Sterling Capital Management LLC boosted its stake in shares of CommVault Systems by 12.8% during the third quarter. Sterling Capital Management LLC now owns 8,786 shares of the software maker’s stock valued at $1,317,000 after purchasing an additional 996 shares during the period. Root Financial Partners LLC purchased a new stake in CommVault Systems in the third quarter worth $49,000. Finally, Strengthening Families & Communities LLC grew its stake in CommVault Systems by 3.3% in the third quarter. Strengthening Families & Communities LLC now owns 17,283 shares of the software maker’s stock worth $2,591,000 after purchasing an additional 550 shares during the period. 93.50% of the stock is currently owned by hedge funds and other institutional investors.
Key CommVault Systems News
Here are the key news stories impacting CommVault Systems this week:
- Positive Sentiment: Commvault reported fiscal Q2 earnings of $1.38 per share, above the $1.25 analyst consensus, while revenue of $312.39 million exceeded estimates of $310.41 million. Revenue increased 13.1% year over year, and earnings rose from $0.91 per share in the prior-year quarter. Commvault Systems Beats Q2 Earnings and Revenue Estimates
- Positive Sentiment: The company’s subscription revenue climbed 21% to $269 million, while annualized recurring revenue reached $1.104 billion, up 20% year over year. Operating cash flow of $75 million and free cash flow of $71 million further strengthen the growth and cash-generation story. Commvault Announces Second Quarter Fiscal 2027 Financial Results
- Positive Sentiment: The earnings performance has prompted coverage describing the results as stronger than the stock’s initial reaction, potentially reinforcing the case for continued investor interest in CVLT. Commvault Q2 Earnings Power Upends a Modest Stock Reaction
- Neutral Sentiment: Jefferies raised its price target from $130 to $170 but maintained a Hold rating. The increase reflects improved expectations, but the target is slightly below the stock’s recent trading level. CommVault Stock Price Expected to Rise, Jefferies Analyst Says
- Negative Sentiment: Valuation remains a risk: CVLT’s price-to-earnings ratio is above 100, while Jefferies and Cantor Fitzgerald have targets of $170 and $171, respectively, both below the recent share price. Their Hold and Neutral ratings could temper enthusiasm after the earnings rally.
CommVault Systems Company Profile
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.
Featured Stories
- Five stocks we like better than CommVault Systems
- Is United Parcel Service Finally Turning the Corner?
- Taiwan Semiconductor Flexes Pricing Power on AI’s Frontline
- Hidden in Plain Sight: 2 Earnings Winners Investors May Have Missed
- These 3 New ETFs Are Turning Heads—Are They Worth Buying?
Receive News & Ratings for CommVault Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CommVault Systems and related companies with MarketBeat.com's FREE daily email newsletter.
-logo-1200x675.png){kind=logo}
