CommVault Systems (NASDAQ:CVLT) Coverage Initiated by Analysts at Oppenheimer

Oppenheimer started coverage on shares of CommVault Systems (NASDAQ:CVLT) in a research note issued to investors on Monday morning, Marketbeat Ratings reports. The brokerage issued an outperform rating on the software maker’s stock.

CVLT has been the subject of a number of other research reports. Zacks Research cut CommVault Systems from a “strong-buy” rating to a “strong sell” rating in a report on Friday, October 31st. Piper Sandler raised CommVault Systems from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $195.00 to $200.00 in a research note on Monday, October 13th. Guggenheim reissued a “buy” rating and issued a $220.00 target price on shares of CommVault Systems in a report on Thursday, October 16th. Baird R W raised shares of CommVault Systems to a “strong-buy” rating in a report on Monday, October 27th. Finally, Royal Bank Of Canada dropped their price objective on shares of CommVault Systems from $217.00 to $167.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $195.10.

CommVault Systems Stock Performance

NASDAQ CVLT opened at $130.38 on Monday. The company has a current ratio of 2.53, a quick ratio of 1.24 and a debt-to-equity ratio of 4.18. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of 73.25 and a beta of 0.68. The firm’s 50 day simple moving average is $171.44 and its 200 day simple moving average is $175.51. CommVault Systems has a 1 year low of $121.45 and a 1 year high of $200.68.

CommVault Systems (NASDAQ:CVLT) last announced its quarterly earnings data on Tuesday, October 28th. The software maker reported $0.91 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.04). CommVault Systems had a net margin of 7.32% and a return on equity of 31.53%. The firm had revenue of $276.19 million for the quarter, compared to analyst estimates of $273.31 million. During the same quarter in the prior year, the firm earned $0.83 earnings per share. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. CommVault Systems has set its Q3 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, research analysts expect that CommVault Systems will post 1.65 earnings per share for the current fiscal year.

Insider Transactions at CommVault Systems

In related news, CEO Sanjay Mirchandani sold 11,320 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $177.83, for a total value of $2,013,035.60. Following the completion of the transaction, the chief executive officer owned 458,361 shares in the company, valued at $81,510,336.63. This trade represents a 2.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gary Merrill sold 15,244 shares of CommVault Systems stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $178.01, for a total transaction of $2,713,584.44. Following the sale, the insider owned 71,837 shares in the company, valued at approximately $12,787,704.37. This represents a 17.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 55,942 shares of company stock worth $10,019,157. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of CommVault Systems

Several institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. raised its position in CommVault Systems by 101.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 159 shares of the software maker’s stock worth $25,000 after purchasing an additional 80 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of CommVault Systems in the first quarter valued at about $27,000. Brooklyn Investment Group raised its position in shares of 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 last quarter. State of Wyoming acquired a new position in shares of CommVault Systems in the second quarter worth approximately $35,000. Finally, Assetmark Inc. boosted its holdings in CommVault Systems by 2,950.0% in the third quarter. Assetmark Inc. now owns 244 shares of the software maker’s stock valued at $46,000 after acquiring an additional 236 shares during the last quarter. Institutional investors own 93.50% of the company’s stock.

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.