DA Davidson Has Optimistic Outlook of CVLT FY2026 Earnings

Key Points

• DA Davidson has revised its FY2026 earnings per share estimate for CommVault Systems to $1.96, slightly up from a previous estimate of $1.95, while maintaining a "Buy" rating and a price target of $220.00.
• CommVault Systems reported a quarterly earnings per share of $1.03, surpassing forecasts, with revenues of $275.04 million, marking a 23.2% increase year-over-year.
• Institutional ownership is robust, with 93.50% of the stock owned by institutional investors and hedge funds, indicating significant confidence in the company's future growth.

CommVault Systems, Inc. (NASDAQ:CVLT - Free Report) - Equities research analysts at DA Davidson raised their FY2026 earnings per share estimates for CommVault Systems in a note issued to investors on Wednesday, July 30th. DA Davidson analyst R. Kessinger now expects that the software maker will post earnings per share of $1.96 for the year, up from their previous estimate of $1.95. DA Davidson has a "Buy" rating and a $220.00 price target on the stock. The consensus estimate for CommVault Systems' current full-year earnings is $1.65 per share. DA Davidson also issued estimates for CommVault Systems' FY2027 earnings at $2.38 EPS.

CVLT has been the subject of several other research reports. KeyCorp lifted their price target on CommVault Systems from $195.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Guggenheim set a $220.00 target price on CommVault Systems in a report on Tuesday, July 29th. Wells Fargo & Company increased their target price on CommVault Systems from $190.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Wall Street Zen upgraded CommVault Systems from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Finally, Oppenheimer increased their target price on CommVault Systems from $180.00 to $200.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $205.63.

CommVault Systems Price Performance

CVLT stock traded up $4.36 during mid-day trading on Thursday, hitting $184.09. 192,330 shares of the stock were exchanged, compared to its average volume of 495,940. The business has a fifty day moving average price of $177.02 and a 200 day moving average price of $169.07. CommVault Systems has a 12 month low of $127.35 and a 12 month high of $200.68. The stock has a market capitalization of $8.18 billion, a price-to-earnings ratio of 102.25 and a beta of 0.70.

Hedge Funds Weigh In On CommVault Systems

Institutional investors and hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC purchased a new position in CommVault Systems during the first quarter valued at $243,000. Asset Management One Co. Ltd. purchased a new position in CommVault Systems during the first quarter valued at $1,229,000. Principal Financial Group Inc. lifted its position in shares of CommVault Systems by 1.4% in the first 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 in the last quarter. Yorktown Management & Research Co Inc purchased a new position in shares of CommVault Systems in the first quarter valued at about $260,000. Finally, Wedge Capital Management L L P NC lifted its position in shares of CommVault Systems by 1,936.0% in the first 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 in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Gary Merrill sold 1,748 shares of CommVault Systems stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $174.91, for a total value of $305,742.68. Following the completion of the sale, the insider owned 89,923 shares of the company's stock, valued at $15,728,431.93. The trade was a 1.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Sanjay Mirchandani sold 1,709 shares of CommVault Systems stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total value of $299,075.00. Following the completion of the sale, the chief executive officer directly owned 469,648 shares of the company's stock, valued at $82,188,400. The trade was a 0.36% decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

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.