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

Key Points

• Weiss Ratings has reaffirmed a "Hold (C)" rating for CommVault Systems (NASDAQ: CVLT), while multiple other analysts have issued buy ratings with target prices reaching as high as $230.
• CommVault's stock recently traded at $177.70, with a 52-week range between $128.07 and $200.68, reflecting ongoing investor interest and a market capitalization of $7.90 billion.
• The company reported a revenue increase of 26% year-over-year, with quarterly earnings of $1.01 per share exceeding analysts' expectations by $0.04.

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

A number of other research analysts have also recently commented on the stock. Truist Financial began coverage on shares of CommVault Systems in a report on Wednesday. They issued a "buy" rating and a $230.00 target price for the company. DA Davidson increased their target price on shares of CommVault Systems from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Wells Fargo & Company raised their price objective on shares of CommVault Systems from $190.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Royal Bank Of Canada boosted their target price on shares of CommVault Systems from $185.00 to $217.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. Finally, Piper Sandler upped their price target 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. Seven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, CommVault Systems presently has a consensus rating of "Moderate Buy" and an average target price of $208.33.

CommVault Systems Stock Performance

Shares of CVLT stock traded up $9.35 on Wednesday, hitting $177.70. The company's stock had a trading volume of 1,011,922 shares, compared to its average volume of 746,526. CommVault Systems has a fifty-two week low of $128.07 and a fifty-two week high of $200.68. The company has a market capitalization of $7.90 billion, a PE ratio of 98.72 and a beta of 0.72. The stock's 50 day moving average is $183.88 and its 200-day moving average is $174.84.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The software maker reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.04. CommVault Systems had a net margin of 7.70% and a return on equity of 30.83%. The business had revenue of $281.98 million for the quarter, compared to analyst estimates 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. On average, research analysts forecast that CommVault Systems will post 1.65 earnings per share for the current year.

Insider Activity

In other news, insider Gary Merrill sold 15,244 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $178.01, for a total transaction of $2,713,584.44. Following the completion of the sale, the insider directly owned 71,837 shares in the company, valued at $12,787,704.37. This represents a 17.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jennifer Leigh Dirico sold 14,909 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $182.22, for a total transaction of $2,716,717.98. Following the sale, the chief financial officer 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,942 shares of company stock valued at $10,019,157. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. boosted its stake in 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 acquiring an additional 80 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in CommVault Systems during the 1st quarter valued at $27,000. Brooklyn Investment Group increased 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. State of Wyoming bought a new stake in CommVault Systems during the 2nd quarter valued at $35,000. Finally, EverSource Wealth Advisors LLC increased its stake in CommVault Systems by 188.3% during 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 in the last quarter. 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.

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