CommVault Systems (NASDAQ:CVLT) Price Target Raised to $200.00

CommVault Systems (NASDAQ:CVLT) had its price objective hoisted by investment analysts at KeyCorp from $175.00 to $200.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the software maker’s stock. KeyCorp‘s target price suggests a potential upside of 15.91% from the stock’s previous close.

CVLT has been the topic of several other research reports. Cantor Fitzgerald raised their target price on shares of CommVault Systems from $132.00 to $171.00 and gave the stock a “neutral” rating in a report on Monday. UBS Group reaffirmed a “neutral” rating on shares of CommVault Systems in a report on Monday, July 27th. Truist Financial lifted their target price on shares of CommVault Systems from $155.00 to $182.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Jefferies Financial Group lifted their target price on shares of CommVault Systems from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Monday. Finally, DA Davidson set a $175.00 price target on CommVault Systems in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $164.75.

CommVault Systems Trading Up 2.9%

Shares of CommVault Systems stock opened at $172.55 on Wednesday. The firm has a market capitalization of $7.15 billion, a PE ratio of 109.90 and a beta of 0.79. The business’s 50-day moving average price is $146.25 and its 200-day moving average price is $118.53. CommVault Systems has a 12 month low of $71.75 and a 12 month high of $174.25.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings data on Tuesday, October 27th. The software maker reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.13. The business had revenue of $312.39 million during the quarter, compared to analysts’ expectations of $310.41 million. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 EPS. As a group, analysts predict that CommVault Systems will post 2.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CommVault Systems news, CAO Danielle Abrahamsen sold 486 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $142.80, for a total value of $69,400.80. Following the completion of the sale, the chief accounting officer directly owned 12,160 shares in the company, valued at approximately $1,736,448. This trade represents a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Sanjay Mirchandani sold 12,437 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $143.98, for a total value of $1,790,679.26. Following the completion of the transaction, the chief executive officer directly owned 269,373 shares in the company, valued at approximately $38,784,324.54. The trade was a 4.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 29,348 shares of company stock worth $4,202,441. Insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On CommVault Systems

Several institutional investors have recently made changes to their positions in CVLT. Maxi Investments CY Ltd purchased a new position in shares of CommVault Systems in the 3rd quarter valued at $585,000. Fifth Third Wealth Advisors LLC acquired a new stake in shares of CommVault Systems during the third quarter worth $213,000. Sterling Capital Management LLC grew its holdings in shares of CommVault Systems by 12.8% during the third quarter. Sterling Capital Management LLC now owns 8,786 shares of the software maker’s stock valued at $1,317,000 after purchasing an additional 996 shares during the last quarter. Root Financial Partners LLC acquired a new position in CommVault Systems during the 3rd quarter valued at about $49,000. Finally, Strengthening Families & Communities LLC grew its stake in shares of CommVault Systems by 3.3% in the third quarter. Strengthening Families & Communities LLC now owns 17,283 shares of the software maker’s stock worth $2,591,000 after purchasing an additional 550 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

More CommVault Systems News

Here are the key news stories impacting CommVault Systems this week:

• Positive Sentiment: Commvault reported fiscal Q2 earnings of $1.38 per share, above the $1.25 analyst consensus, while revenue of $312.39 million exceeded estimates of $310.41 million. Revenue increased 13.1% year over year, and earnings rose from $0.91 per share in the prior-year quarter. Commvault Systems Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: The company’s subscription revenue climbed 21% to $269 million, while annualized recurring revenue reached $1.104 billion, up 20% year over year. Operating cash flow of $75 million and free cash flow of $71 million further strengthen the growth and cash-generation story. Commvault Announces Second Quarter Fiscal 2027 Financial Results
• Positive Sentiment: The earnings performance has prompted coverage describing the results as stronger than the stock’s initial reaction, potentially reinforcing the case for continued investor interest in CVLT. Commvault Q2 Earnings Power Upends a Modest Stock Reaction
• Neutral Sentiment: Jefferies raised its price target from $130 to $170 but maintained a Hold rating. The increase reflects improved expectations, but the target is slightly below the stock’s recent trading level. CommVault Stock Price Expected to Rise, Jefferies Analyst Says
• Negative Sentiment: Valuation remains a risk: CVLT’s price-to-earnings ratio is above 100, while Jefferies and Cantor Fitzgerald have targets of $170 and $171, respectively, both below the recent share price. Their Hold and Neutral ratings could temper enthusiasm after the earnings rally.

About CommVault Systems

Commvault Systems, Inc develops data protection and cyber resilience software and services for businesses, government organizations and other institutions. Its platform is designed to help customers back up, recover, manage and secure data across on-premises infrastructure, private and public clouds, software-as-a-service applications and other distributed IT environments.

The company’s offerings include backup and recovery, disaster recovery, data security, ransomware protection, cyber-recovery capabilities and data management tools.