DA Davidson Reaffirms “Buy” Rating for CommVault Systems (NASDAQ:CVLT)

CommVault Systems (NASDAQ:CVLT)‘s stock had its “buy” rating restated by equities researchers at DA Davidson in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $220.00 target price on the software maker’s stock. DA Davidson’s price target would indicate a potential upside of 66.68% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Weiss Ratings reissued a “hold (c)” rating on shares of CommVault Systems in a report on Wednesday, October 8th. KeyCorp lowered their price objective on shares of CommVault Systems from $225.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Royal Bank Of Canada lowered their price target on shares of CommVault Systems from $217.00 to $167.00 and set a “sector perform” rating for the company in a report on Wednesday, October 29th. Robert W. Baird initiated coverage on shares of CommVault Systems in a research note on Monday, October 27th. They issued an “outperform” rating and a $215.00 price target for the company. Finally, Wall Street Zen downgraded CommVault Systems from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $195.10.

CommVault Systems Price Performance

CVLT traded up $4.32 during trading on Thursday, hitting $131.99. 201,190 shares of the stock traded hands, compared to its average volume of 581,459. The company has a debt-to-equity ratio of 4.18, a current ratio of 2.53 and a quick ratio of 1.24. The company has a market cap of $5.82 billion, a price-to-earnings ratio of 73.94 and a beta of 0.69. CommVault Systems has a twelve month low of $121.45 and a twelve month high of $200.68. The business has a 50 day moving average price of $169.41 and a 200 day moving average price of $174.91.

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

Insider Activity at CommVault Systems

In other CommVault Systems news, CFO Jennifer Leigh Dirico sold 14,909 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were 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. The trade was a 24.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Allison Pickens sold 690 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $177.89, for a total value of $122,744.10. Following the completion of the sale, the director owned 5,166 shares in the company, valued at approximately $918,979.74. This represents a 11.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 55,942 shares of company stock worth $10,019,157. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On CommVault Systems

Institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. grew its stake in CommVault Systems by 101.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 159 shares of the software maker’s stock valued at $25,000 after acquiring an additional 80 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of CommVault Systems in the 1st quarter worth approximately $27,000. Brooklyn Investment Group grew its position in CommVault Systems by 8,550.0% in the 1st quarter. Brooklyn Investment Group now owns 173 shares of the software maker’s stock valued at $27,000 after acquiring an additional 171 shares in the last quarter. State of Wyoming purchased a new position in CommVault Systems in the 2nd quarter valued at approximately $35,000. Finally, Banque Cantonale Vaudoise acquired a new stake in CommVault Systems in the third quarter valued at approximately $39,000. Institutional investors and hedge funds own 93.50% of the company’s stock.

CommVault Systems Company Profile

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.