Oppenheimer Initiates Coverage on CommVault Systems (NASDAQ:CVLT)

Research analysts at Oppenheimer assumed coverage on shares of CommVault Systems (NASDAQ:CVLT) in a research report issued on Monday. The firm set an “outperform” rating on the software maker’s stock.

CVLT has been the topic of a number of other research reports. Royal Bank Of Canada cut their target price on CommVault Systems from $217.00 to $167.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 29th. Truist Financial dropped their price objective on CommVault Systems from $230.00 to $210.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Robert W. Baird started coverage on CommVault Systems in a research note on Monday, October 27th. They issued an “outperform” rating and a $215.00 target price on the stock. Wall Street Zen lowered shares of CommVault Systems from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Guggenheim restated a “buy” rating and issued a $220.00 price target on shares of CommVault Systems in a report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $195.10.

CommVault Systems Trading Up 1.9%

Shares of CVLT opened at $127.44 on Monday. The company’s fifty day simple moving average is $172.56 and its 200-day simple moving average is $175.74. The company has a market cap of $5.62 billion, a P/E ratio of 71.60 and a beta of 0.68. The company has a current ratio of 2.53, a quick ratio of 1.24 and a debt-to-equity ratio of 4.18. CommVault Systems has a twelve month low of $121.45 and a twelve month high of $200.68.

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

Insider Transactions at CommVault Systems

In related news, Director Allison Pickens sold 690 shares of CommVault Systems stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $177.89, for a total transaction of $122,744.10. Following the transaction, the director directly owned 5,166 shares of the company’s stock, valued at $918,979.74. This trade represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jennifer Leigh Dirico sold 14,909 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $182.22, for a total transaction of $2,716,717.98. Following the completion of the transaction, the chief financial officer directly owned 45,143 shares of the company’s stock, valued at $8,225,957.46. This trade represents a 24.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 55,942 shares of company stock valued at $10,019,157. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. raised its holdings in CommVault Systems by 101.3% in the first quarter. SBI Securities Co. Ltd. now owns 159 shares of the software maker’s stock worth $25,000 after purchasing an additional 80 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of CommVault Systems in the 1st quarter valued at about $27,000. Brooklyn Investment Group grew its position in shares of CommVault Systems by 8,550.0% in the 1st quarter. Brooklyn Investment Group now owns 173 shares of the software maker’s stock worth $27,000 after buying an additional 171 shares during the last quarter. State of Wyoming bought a new position in shares of CommVault Systems during the 2nd quarter worth approximately $35,000. Finally, Assetmark Inc. lifted its position in CommVault Systems by 2,950.0% during the third quarter. Assetmark Inc. now owns 244 shares of the software maker’s stock valued at $46,000 after acquiring an additional 236 shares during the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

CommVault Systems Company Profile

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.