CommVault Systems (NASDAQ:CVLT) Upgraded to "Strong-Buy" at Wall Street Zen

Key Points

• CommVault Systems has been upgraded from a "buy" to a "strong-buy" rating by Wall Street Zen, indicating increased confidence in the company's stock performance.
• Multiple analysts have raised their price targets for CommVault, with estimates ranging from $170 to $225, suggesting a potential upward trend amid strong quarterly performance.
• Insider transactions reveal CFO Jennifer Leigh Dirico recently sold a significant number of shares, which may raise questions about insider sentiment towards the stock's future prospects.

Wall Street Zen upgraded shares of CommVault Systems (NASDAQ:CVLT - Free Report) from a buy rating to a strong-buy rating in a report issued on Saturday.

Several other equities analysts have also issued reports on CVLT. KeyCorp boosted 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. DA Davidson boosted their price objective on shares of CommVault Systems from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Piper Sandler boosted their price objective on shares of CommVault Systems from $168.00 to $170.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Guggenheim set a $220.00 price objective on shares of CommVault Systems in a research report on Tuesday, July 29th. Finally, Royal Bank Of Canada boosted their price objective on shares of CommVault Systems from $185.00 to $217.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 30th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $205.63.

CommVault Systems Trading Up 3.2%

Shares of CVLT stock traded up $5.97 on Friday, hitting $195.41. The stock had a trading volume of 779,261 shares, compared to its average volume of 659,150. CommVault Systems has a twelve month low of $128.07 and a twelve month high of $200.68. The firm has a market cap of $8.69 billion, a P/E ratio of 108.56 and a beta of 0.74. The company has a fifty day moving average price of $179.88 and a two-hundred day moving average price of $172.23.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The software maker reported $1.01 earnings per share (EPS) for the quarter, beating 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 company had revenue of $281.98 million during the quarter, compared to analyst estimates of $267.83 million. The company'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 expect that CommVault Systems will post 1.65 earnings per share for the current year.

Insider Activity

In other news, Director Allison Pickens sold 690 shares of the company's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $177.89, for a total value of $122,744.10. Following the sale, the director directly owned 5,166 shares of the company's stock, valued at approximately $918,979.74. This represents a 11.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jennifer Leigh Dirico sold 14,909 shares of the company's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $182.22, for a total transaction of $2,716,717.98. Following the completion of the sale, the chief financial officer directly owned 45,143 shares in the company, valued at approximately $8,225,957.46. The trade was a 24.83% 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 in the last 90 days. 1.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On CommVault Systems

Institutional investors and hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC bought a new stake in shares of CommVault Systems in the 1st quarter valued at about $243,000. Asset Management One Co. Ltd. bought a new stake in shares of CommVault Systems in the 1st quarter valued at about $1,229,000. Principal Financial Group Inc. raised its holdings in CommVault Systems by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 122,042 shares of the software maker's stock valued at $19,253,000 after acquiring an additional 1,668 shares during the period. Yorktown Management & Research Co Inc bought a new position in CommVault Systems in the 1st quarter valued at about $260,000. Finally, Wedge Capital Management L L P NC raised its holdings in CommVault Systems by 1,936.0% in the 1st quarter. Wedge Capital Management L L P NC now owns 360,355 shares of the software maker's stock valued at $56,850,000 after acquiring an additional 342,656 shares during the period. 93.50% of the stock is owned by institutional investors.

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.