CommVault Systems (NASDAQ:CVLT) Now Covered by Truist Financial

Key Points

• Truist Financial has initiated coverage on CommVault Systems, assigning a "buy" rating and a price target of $230.00, indicating a potential upside of 36.62% from its current price.
• CommVault's stock has a market cap of $7.48 billion and reported earnings of $1.01 per share, exceeding analysts' estimates, while also posting a 26% revenue increase year-over-year.
• Insider trading activity revealed that CFO Jennifer Leigh Dirico sold nearly 15,000 shares, reducing their ownership in the company by 24.83%.

Equities research analysts at Truist Financial initiated coverage on shares of CommVault Systems (NASDAQ:CVLT - Get Free Report) in a research report issued to clients and investors on Wednesday. The brokerage set a "buy" rating and a $230.00 price target on the software maker's stock. Truist Financial's price objective would indicate a potential upside of 36.62% from the company's current price.

Several other research analysts have also recently weighed in on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of CommVault Systems in a report on Saturday, September 27th. Guggenheim set a $220.00 price target on shares of CommVault Systems in a report on Tuesday, July 29th. 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 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. Finally, 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 report on Wednesday, July 30th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $208.33.

CommVault Systems Stock Performance

Shares of NASDAQ CVLT opened at $168.35 on Wednesday. The stock has a market cap of $7.48 billion, a P/E ratio of 93.53 and a beta of 0.72. The firm has a 50 day moving average price of $184.19 and a 200 day moving average price of $174.82. CommVault Systems has a 52-week low of $128.07 and a 52-week high of $200.68.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The software maker reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.04. The firm had revenue of $281.98 million during the quarter, compared to analysts' expectations of $267.83 million. CommVault Systems had a net margin of 7.70% and a return on equity of 30.83%. The business's quarterly revenue was up 26% on a year-over-year basis. CommVault Systems has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. Analysts predict 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, CFO Jennifer Leigh Dirico sold 14,909 shares of the business's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $182.22, for a total value of $2,716,717.98. Following the sale, the chief financial officer owned 45,143 shares of the company's stock, valued at $8,225,957.46. The trade was a 24.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Allison Pickens sold 690 shares of the business's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $177.89, for a total transaction of $122,744.10. Following the completion of the sale, the director directly owned 5,166 shares in the company, valued at approximately $918,979.74. This represents a 11.78% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 55,942 shares of company stock worth $10,019,157. Company insiders own 1.00% of the company's stock.

Institutional Trading of CommVault Systems

A number of institutional investors have recently made changes to their positions in CVLT. Wealth Enhancement Advisory Services LLC lifted its position in shares of CommVault Systems by 26.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,082 shares of the software maker's stock worth $616,000 after purchasing an additional 856 shares in the last quarter. NBC Securities Inc. bought a new stake in CommVault Systems during the first quarter worth $43,000. UMB Bank n.a. raised its position in CommVault Systems by 154.1% during the first quarter. UMB Bank n.a. now owns 526 shares of the software maker's stock worth $83,000 after acquiring an additional 319 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in CommVault Systems by 40,181.8% during the first quarter. Harbor Capital Advisors Inc. now owns 8,862 shares of the software maker's stock worth $1,398,000 after acquiring an additional 8,840 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in CommVault Systems by 33.4% during the first quarter. GAMMA Investing LLC now owns 1,342 shares of the software maker's stock worth $212,000 after acquiring an additional 336 shares in the last quarter. Institutional investors 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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