CommVault Systems (NASDAQ:CVLT) Cut to "Buy" at Wall Street Zen

Key Points

• CommVault Systems was downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen, reflecting a shift in market sentiment.
• Multiple analysts have raised their price targets for the stock, with a consensus target price now set at $205.63 and a "Moderate Buy" rating among various analysts.
• In its latest quarterly earnings, CommVault reported a 26% increase in revenue, surpassing expectations with earnings of $1.01 per share against a projected $0.97.

CommVault Systems (NASDAQ:CVLT - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued on Sunday.

CVLT has been the subject of a number of other reports. Piper Sandler boosted their price target on CommVault Systems from $168.00 to $170.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Royal Bank Of Canada boosted their target price on shares of CommVault Systems from $185.00 to $217.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. Wells Fargo & Company boosted their price objective on shares of CommVault Systems from $190.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Guggenheim set a $220.00 price objective on shares of CommVault Systems in a research report on Tuesday, July 29th. Finally, DA Davidson boosted their price target on CommVault Systems from $200.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, CommVault Systems presently has an average rating of "Moderate Buy" and a consensus target price of $205.63.

CommVault Systems Price Performance

CVLT traded down $0.89 during midday trading on Friday, reaching $193.72. 478,621 shares of the company's stock were exchanged, compared to its average volume of 531,345. The stock has a market capitalization of $8.61 billion, a PE ratio of 107.62 and a beta of 0.74. The business's 50-day moving average price is $180.48 and its 200 day moving average price is $172.57. CommVault Systems has a 1-year low of $128.07 and a 1-year 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, topping the consensus estimate of $0.97 by $0.04. CommVault Systems had a return on equity of 30.83% and a net margin of 7.70%.The firm had revenue of $281.98 million during the quarter, compared to the consensus estimate of $267.83 million. The firm's quarterly revenue 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. As a group, analysts expect that CommVault Systems will post 1.65 EPS for the current fiscal year.

Insider Buying and Selling at CommVault Systems

In other news, CEO Sanjay Mirchandani sold 11,320 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $177.83, for a total value of $2,013,035.60. Following the completion of the sale, the chief executive officer owned 458,361 shares of the company's stock, valued at $81,510,336.63. This represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Allison Pickens sold 690 shares of the 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 of the company's stock, valued at $918,979.74. The trade was a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,942 shares of company stock worth $10,019,157 in the last quarter. Company insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On CommVault Systems

A number of large investors have recently added to or reduced their stakes in CVLT. SBI Securities Co. Ltd. grew its holdings in CommVault Systems by 101.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 159 shares of the software maker's stock valued at $25,000 after purchasing an additional 80 shares in the last quarter. Whipplewood Advisors LLC grew its stake in shares of CommVault Systems by 584.0% during the first quarter. Whipplewood Advisors LLC now owns 171 shares of the software maker's stock valued at $27,000 after acquiring an additional 146 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in CommVault Systems during the 1st quarter valued at approximately $27,000. Brooklyn Investment Group grew its stake in CommVault Systems by 8,550.0% during the 1st quarter. Brooklyn Investment Group now owns 173 shares of the software maker's stock valued at $27,000 after purchasing an additional 171 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in CommVault Systems by 208.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 185 shares of the software maker's stock valued at $29,000 after purchasing an additional 125 shares in the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

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.