CommVault Systems (NASDAQ:CVLT) Stock Gets Price Target Boost from Royal Bank Of Canada

CommVault Systems (NASDAQ:CVLT) had its price target raised by investment analysts at Royal Bank Of Canada from $160.00 to $180.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “sector perform” rating on the software maker’s stock. Royal Bank Of Canada‘s target price suggests a potential upside of 6.30% from the stock’s current price.

Several other equities research analysts have also commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of CommVault Systems in a research note on Friday, September 11th. Piper Sandler cut shares of CommVault Systems from an “overweight” rating to a “neutral” rating and set a $133.00 target price on the stock. in a research note on Tuesday, July 28th. KeyCorp increased their price objective on shares of CommVault Systems from $175.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday. Cantor Fitzgerald increased their price target on shares of CommVault Systems from $132.00 to $171.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Truist Financial lifted their price target on shares of CommVault Systems from $155.00 to $182.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $170.69.

CommVault Systems Stock Performance

NASDAQ:CVLT traded down $3.21 during trading hours on Wednesday, reaching $169.34. The company’s stock had a trading volume of 214,095 shares, compared to its average volume of 857,912. CommVault Systems has a 1 year low of $71.75 and a 1 year high of $174.25. The firm has a 50-day simple moving average of $146.25 and a 200-day simple moving average of $118.53. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 107.86 and a beta of 0.79.

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. During the same quarter last year, the business posted $0.91 EPS. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. Equities analysts anticipate that CommVault Systems will post 2.87 earnings per share for the current fiscal year.

Insider Activity at CommVault Systems

In other news, Director Vivie Lee sold 595 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $134.19, for a total transaction of $79,843.05. Following the transaction, the director owned 15,140 shares of the company’s stock, valued at approximately $2,031,636.60. This represents a 3.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Danielle Abrahamsen sold 486 shares of CommVault Systems stock in a transaction dated Wednesday, August 19th. The shares were 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 owned 12,160 shares of the company’s stock, valued at $1,736,448. The trade was a 3.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Insiders sold a total of 29,348 shares of company stock worth $4,202,441 over the last three months. Corporate insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

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

CommVault Systems News Roundup

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

• Positive Sentiment: Analysts raised price targets: Wells Fargo increased its target from $155 to $185 and assigned an “overweight” rating, while KeyCorp raised its target from $175 to $200 and also maintained an “overweight” rating. The new targets imply approximately 9% to 18% upside from recent levels. Wells Fargo analyst rating KeyCorp analyst rating
• Positive Sentiment: Fiscal Q2 earnings beat expectations: Commvault reported $1.38 in EPS versus the $1.25 consensus estimate, while revenue reached $312.39 million compared with expectations of $310.41 million. EPS rose from $0.91 a year earlier, and revenue increased 13.1% year over year. Commvault fiscal Q2 results
• Positive Sentiment: Recurring revenue trends were particularly strong: Subscription revenue grew 21% to $269 million, subscription ARR increased 20% to $1.104 billion, and the company generated $75 million in operating cash flow and $71 million in free cash flow.
• Positive Sentiment: Product expansion may support future demand: New identity-resilience capabilities cover Active Directory, Entra ID, and Okta, helping customers identify Tier 0 exposure and remediate hidden identity-system risks before attacks occur. Commvault identity resilience announcement
• Neutral Sentiment: Jefferies also indicated that CVLT shares could rise, reinforcing generally constructive analyst sentiment, though the available report provides limited additional detail. Jefferies analyst commentary
• Negative Sentiment: Valuation and muted post-earnings reaction remain risks: CVLT trades at a P/E ratio above 100 after reaching near its 52-week high. The recent pullback suggests investors may be taking profits or demanding stronger forward guidance despite the earnings beat.

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.