CommVault Systems (NASDAQ:CVLT) Earns "Buy" Rating from Guggenheim

Key Points

• CommVault Systems has received a "buy" rating from Guggenheim with a target price of $220.00, implying a potential upside of 27.87% from its current price.
• Other analysts, including Zacks Research and Royal Bank of Canada, have also issued positive ratings and increased their price targets for the stock, reflecting a strong analyst consensus around the company's performance.
• The company recently reported earnings that exceeded expectations, with a revenue increase of 26% year-over-year, highlighting its strong financial performance.

CommVault Systems (NASDAQ:CVLT - Get Free Report)'s stock had its "buy" rating reissued by research analysts at Guggenheim in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $220.00 price objective on the software maker's stock. Guggenheim's target price would indicate a potential upside of 27.87% from the company's current price.

A number of other equities research analysts have also recently issued reports on CVLT. Zacks Research raised shares of CommVault Systems from a "hold" rating to a "strong-buy" rating in a report on Monday. Royal Bank Of Canada upped their target price on shares of CommVault Systems from $185.00 to $217.00 and gave the company a "sector perform" rating in a report on Wednesday, July 30th. Wall Street Zen cut shares of CommVault Systems from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 21st. Wells Fargo & Company upped their price target on shares of CommVault Systems from $190.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Finally, KeyCorp upped their price target on shares of CommVault Systems from $195.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $211.67.

CommVault Systems Price Performance

Shares of NASDAQ:CVLT opened at $172.05 on Thursday. The company's 50-day moving average price is $182.75 and its two-hundred day moving average price is $175.07. CommVault Systems has a one year low of $128.07 and a one year high of $200.68. The stock has a market capitalization of $7.65 billion, a PE ratio of 95.58 and a beta of 0.72.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The software maker reported $1.01 EPS for the quarter, topping the consensus estimate of $0.97 by $0.04. CommVault Systems had a net margin of 7.70% and a return on equity of 30.83%. The firm had revenue of $281.98 million for the quarter, compared to analysts' expectations of $267.83 million. CommVault Systems's revenue for the quarter was up 26% compared to the same quarter last year. CommVault Systems has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, analysts anticipate that CommVault Systems will post 1.65 earnings per share for the current fiscal year.

Insider Buying and Selling at CommVault Systems

In other news, insider Gary Merrill sold 15,244 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $178.01, for a total transaction of $2,713,584.44. Following the transaction, the insider directly owned 71,837 shares of the company's stock, valued at approximately $12,787,704.37. This trade represents a 17.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sanjay Mirchandani sold 11,320 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $177.83, for a total transaction of $2,013,035.60. Following the transaction, the chief executive officer directly owned 458,361 shares in the company, valued at $81,510,336.63. This represents a 2.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,942 shares of company stock valued at $10,019,157 over the last ninety days. Company insiders own 1.00% of the company's stock.

Institutional Trading of CommVault Systems

Several large investors have recently made changes to their positions in the company. Pacer Advisors Inc. boosted its position in shares of CommVault Systems by 109.2% during the 3rd quarter. Pacer Advisors Inc. now owns 8,440 shares of the software maker's stock worth $1,593,000 after acquiring an additional 4,405 shares in the last quarter. Vontobel Holding Ltd. boosted its position in shares of CommVault Systems by 171.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 15,860 shares of the software maker's stock worth $2,994,000 after acquiring an additional 10,012 shares in the last quarter. GLOBALT Investments LLC GA acquired a new stake in shares of CommVault Systems during the 3rd quarter worth approximately $305,000. OLD National Bancorp IN boosted its position in CommVault Systems by 12.6% in the third quarter. OLD National Bancorp IN now owns 1,293 shares of the software maker's stock valued at $244,000 after buying an additional 145 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in CommVault Systems by 17.1% in the third quarter. Farther Finance Advisors LLC now owns 652 shares of the software maker's stock valued at $123,000 after buying an additional 95 shares in the last quarter. Institutional investors and hedge funds 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.

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