Weiss Ratings Reaffirms Hold (C) Rating for CommVault Systems (NASDAQ:CVLT)

Key Points

• Weiss Ratings has reaffirmed a "hold (C)" rating for CommVault Systems (NASDAQ: CVLT), while other analysts rated the stock more positively, with several upgrades to "buy" or "strong buy" ratings.
• CommVault Systems reported a quarterly earnings per share of $1.01, surpassing estimates, and a revenue of $281.98 million, which was significantly higher than analyst expectations.
• The company has a market capitalization of $7.55 billion, and its stock price recently traded at $169.92, with an average price target of $211.67 from analysts.

CommVault Systems (NASDAQ:CVLT - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by equities researchers at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

Several other equities research analysts have also recently commented on the stock. Piper Sandler raised shares of CommVault Systems from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $195.00 to $200.00 in a research report on Monday, October 13th. Zacks Research upgraded CommVault Systems from a "hold" rating to a "strong-buy" rating in a report on Monday, October 13th. KeyCorp increased 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. DA Davidson boosted their price target on CommVault Systems from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, Truist Financial initiated coverage on CommVault Systems in a report on Wednesday, October 8th. They issued a "buy" rating and a $230.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, CommVault Systems currently has an average rating of "Moderate Buy" and an average target price of $211.67.

CommVault Systems Stock Performance

CommVault Systems stock traded up $1.89 during midday trading on Friday, reaching $169.92. The stock had a trading volume of 454,302 shares, compared to its average volume of 601,720. The stock has a market capitalization of $7.55 billion, a P/E ratio of 94.40 and a beta of 0.72. The firm's fifty day simple moving average is $180.75 and its 200-day simple moving average is $176.04. 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 results on Tuesday, July 29th. The software maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.04. The company 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 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. On average, sell-side analysts anticipate that CommVault Systems will post 1.65 earnings per share for the current fiscal year.

Insider Activity at CommVault Systems

In other news, CEO Sanjay Mirchandani sold 11,320 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $177.83, for a total value of $2,013,035.60. Following the transaction, the chief executive officer owned 458,361 shares of the company's stock, valued at approximately $81,510,336.63. This represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gary Merrill sold 15,244 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $178.01, for a total value of $2,713,584.44. Following the transaction, the insider owned 71,837 shares in the company, valued at approximately $12,787,704.37. This trade represents a 17.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,942 shares of company stock worth $10,019,157 in the last quarter. Corporate insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. lifted its holdings in shares of CommVault Systems by 101.3% during the first quarter. SBI Securities Co. Ltd. now owns 159 shares of the software maker's stock worth $25,000 after buying an additional 80 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of CommVault Systems in the first quarter valued at about $27,000. Brooklyn Investment Group increased 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 worth $27,000 after acquiring an additional 171 shares during the period. State of Wyoming acquired a new stake in CommVault Systems in the 2nd quarter worth about $35,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in CommVault Systems by 188.3% in the 2nd 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 period. 93.50% of the stock is owned by institutional investors and hedge funds.

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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