CommVault Systems (NASDAQ:CVLT) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of CommVault Systems (NASDAQ:CVLT) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Several other equities research analysts also recently weighed in on CVLT. Oppenheimer dropped their target price on shares of CommVault Systems from $180.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday. Guggenheim reduced their target price on shares of CommVault Systems from $200.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday. Cantor Fitzgerald reduced their price target on shares of CommVault Systems from $144.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday. Stephens dropped their price objective on shares of CommVault Systems from $162.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Mizuho decreased their target price on shares of CommVault Systems from $180.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $143.58.

CommVault Systems Stock Down 2.1%

Shares of CVLT opened at $85.70 on Friday. CommVault Systems has a fifty-two week low of $84.44 and a fifty-two week high of $200.68. The firm has a market cap of $3.77 billion, a PE ratio of 44.18 and a beta of 0.57. The company has a quick ratio of 2.53, a current ratio of 2.34 and a debt-to-equity ratio of 4.06. The company’s fifty day moving average is $121.18 and its two-hundred day moving average is $152.86.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, January 27th. The software maker reported $1.17 EPS for the quarter, beating the consensus estimate of $0.98 by $0.19. CommVault Systems had a net margin of 7.58% and a return on equity of 37.38%. The firm had revenue of $313.83 million for the quarter, compared to analyst estimates of $299.07 million. During the same quarter last year, the firm posted $0.94 earnings per share. CommVault Systems’s revenue for the quarter was up 19.5% compared to the same quarter last year. Analysts forecast that CommVault Systems will post 1.65 earnings per share for the current year.

Insider Buying and Selling at CommVault Systems

In related news, CEO Sanjay Mirchandani sold 14,653 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $123.65, for a total value of $1,811,843.45. Following the completion of the transaction, the chief executive officer directly owned 372,369 shares in the company, valued at approximately $46,043,426.85. The trade was a 3.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gary Merrill sold 2,674 shares of CommVault Systems stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $123.58, for a total value of $330,452.92. Following the completion of the sale, the insider directly owned 69,163 shares in the company, valued at $8,547,163.54. This represents a 3.72% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 33,111 shares of company stock worth $4,058,851. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On CommVault Systems

A number of institutional investors and hedge funds have recently made changes to their positions in CVLT. Cullen Frost Bankers Inc. raised its stake in CommVault Systems by 43.8% in the third quarter. Cullen Frost Bankers Inc. now owns 243 shares of the software maker’s stock valued at $46,000 after buying an additional 74 shares during the period. JSF Financial LLC grew its stake in shares of CommVault Systems by 1.1% in the third quarter. JSF Financial LLC now owns 7,345 shares of the software maker’s stock valued at $1,387,000 after acquiring an additional 82 shares in the last quarter. Assetmark Inc. boosted its stake in shares of CommVault Systems by 33.6% in the fourth quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock valued at $41,000 after buying an additional 82 shares during the period. Farther Finance Advisors LLC lifted its position in shares of CommVault Systems by 17.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 652 shares of the software maker’s stock valued at $123,000 after acquiring an additional 95 shares during the period. Finally, Louisiana State Employees Retirement System lifted its position in CommVault Systems by 0.8% during the second quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the software maker’s stock worth $2,162,000 after purchasing an additional 100 shares during the period. Institutional investors own 93.50% of the company’s stock.

CommVault Systems News Summary

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

• Positive Sentiment: Truist issued a fresh “Buy” rating on CVLT, adding institutional support that could help stabilize demand for the shares. CommVault Systems (NASDAQ:CVLT) Earns “Buy” Rating from Truist Financial
• Positive Sentiment: Wall Street Zen upgraded CommVault to a “Buy” rating, indicating at least some analysts view the recent pullback as a buying opportunity. CommVault Systems (NASDAQ:CVLT) Upgraded by Wall Street Zen to “Buy” Rating
• Positive Sentiment: MarketBeat’s consensus across 14 brokerages is a “Moderate Buy” (majority buy/hold mix), which is supportive of the stock over a medium-term horizon. CommVault Systems, Inc. (NASDAQ:CVLT) Receives Average Recommendation of “Moderate Buy” from Brokerages CommVault Systems, Inc. (NASDAQ:CVLT) Receives Average Rating of “Moderate Buy” from Analysts
• Negative Sentiment: Several firms cut price targets or lowered expectations this week (Oppenheimer to $150, RBC to $100, Guggenheim to $175; KeyCorp and Cantor Fitzgerald flagged weaker prospects). Those revisions amplify near‑term selling pressure. Oppenheimer Lowers CommVault Systems (NASDAQ:CVLT) Price Target to $150.00 Royal Bank Of Canada Lowers CommVault Systems (NASDAQ:CVLT) Price Target to $100.00 Guggenheim Lowers CommVault Systems (NASDAQ:CVLT) Price Target to $175.00 KeyCorp Has Lowered Expectations for CommVault Systems (NASDAQ:CVLT) Stock Price Cantor Fitzgerald Issues Pessimistic Forecast for CommVault Systems (NASDAQ:CVLT) Stock Price
• Negative Sentiment: Coverage in The Motley Fool highlighted that CVLT plunged to a 52‑week low after its fiscal Q3 results — the company beat estimates but the outlook disappointed — which appears to be the catalyst for the analyst downdrafts and the current share weakness. This Tech Stock Just Crashed to a 52-Week Low: Should You Buy the Dip?

About CommVault Systems

Commvault Systems, Inc is a global provider of data protection and information management software designed to help organizations manage, protect, and activate data across on-premises and cloud environments. Founded in 1996 and headquartered in Tinton Falls, New Jersey, Commvault offers a suite of integrated products and services that enable enterprises to back up, recover, archive, and analyze data. Its flagship solutions include Commvault Complete Data Protection, Commvault HyperScale, and the SaaS-based Metallic portfolio, which deliver scalable and automated data management capabilities across hybrid infrastructure environments.

Commvault’s platform is built on a unified architecture that allows customers to streamline operations, reduce complexity, and ensure data resiliency.