CommVault Systems (NASDAQ:CVLT) Upgraded by Piper Sandler to Overweight Rating

Key Points

• Piper Sandler has upgraded CommVault Systems from a "neutral" rating to an "overweight" rating, setting a price target of $200.00, indicating a potential upside of 17.51%.
• A total of eight investment analysts have given the stock a "Buy" rating, while the consensus price target stands at $211.67.
• CommVault reported a 26% year-over-year revenue increase, with earnings per share of $1.01, surpassing analysts' expectations of $0.97.

CommVault Systems (NASDAQ:CVLT - Get Free Report) was upgraded by equities research analysts at Piper Sandler from a "neutral" rating to an "overweight" rating in a research report issued on Monday,Finviz reports. The brokerage presently has a $200.00 price objective on the software maker's stock. Piper Sandler's price target would suggest a potential upside of 17.51% from the company's current price.

Several other brokerages have also recently issued reports on CVLT. Weiss Ratings reiterated a "hold (c)" rating on shares of CommVault Systems in a research report on Wednesday, October 8th. Guggenheim set a $220.00 price target on CommVault Systems in a research report on Tuesday, July 29th. Truist Financial assumed coverage on CommVault Systems in a research report on Wednesday, October 8th. They set a "buy" rating and a $230.00 price target on the stock. Wells Fargo & Company lifted their price target on CommVault Systems from $190.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Finally, KeyCorp lifted their price target on CommVault Systems from $195.00 to $225.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, CommVault Systems currently has an average rating of "Moderate Buy" and a consensus price target of $211.67.

CommVault Systems Trading Down 3.6%

Shares of NASDAQ CVLT opened at $170.20 on Monday. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 94.56 and a beta of 0.72. CommVault Systems has a 12-month low of $128.07 and a 12-month high of $200.68. The stock's 50 day simple moving average is $183.42 and its 200 day simple moving average is $175.00.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last posted its earnings results on Tuesday, July 29th. The software maker reported $1.01 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $267.83 million. CommVault Systems'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. As a group, equities analysts forecast that CommVault Systems will post 1.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Allison Pickens sold 690 shares of the firm's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $177.89, for a total value of $122,744.10. Following the completion of the sale, the director 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 at this link. Also, CFO Jennifer Leigh Dirico sold 14,909 shares of the firm's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $182.22, for a total value of $2,716,717.98. Following the completion of the sale, the chief financial officer directly owned 45,143 shares of the company's stock, valued at approximately $8,225,957.46. This trade represents a 24.83% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,942 shares of company stock valued at $10,019,157. 1.00% of the stock is owned by insiders.

Institutional Trading of CommVault Systems

Institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. boosted its position in CommVault Systems by 101.3% during the first 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 during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in CommVault Systems during the first quarter valued at $27,000. Brooklyn Investment Group boosted its position in CommVault Systems by 8,550.0% during the first quarter. Brooklyn Investment Group now owns 173 shares of the software maker's stock valued at $27,000 after purchasing an additional 171 shares during the last quarter. State of Wyoming acquired a new stake in CommVault Systems during the second quarter valued at $35,000. Finally, EverSource Wealth Advisors LLC boosted its position in CommVault Systems by 188.3% during the second quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker's stock valued at $47,000 after purchasing an additional 177 shares during the last quarter. Institutional investors and hedge funds own 93.50% of the company's stock.

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.

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