Wall Street Zen Downgrades CommVault Systems (NASDAQ:CVLT) to Hold

CommVault Systems (NASDAQ:CVLT) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

A number of other brokerages also recently issued reports on CVLT. Truist Financial lowered their price objective on CommVault Systems from $230.00 to $210.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. DA Davidson increased their price objective on CommVault Systems from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Royal Bank Of Canada lowered their price objective on CommVault Systems from $217.00 to $167.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 29th. Cantor Fitzgerald lowered their price objective on CommVault Systems from $189.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Finally, Zacks Research upgraded CommVault Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $195.10.

CommVault Systems Price Performance

CommVault Systems stock opened at $139.22 on Friday. CommVault Systems has a one year low of $128.07 and a one year high of $200.68. The business has a fifty day moving average price of $177.69 and a 200-day moving average price of $176.36. 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 firm has a market capitalization of $6.14 billion, a P/E ratio of 78.21 and a beta of 0.72.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, October 28th. The software maker reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.04). CommVault Systems had a return on equity of 31.53% and a net margin of 7.32%.The company had revenue of $276.19 million during the quarter, compared to the consensus estimate of $273.31 million. During the same period in the previous year, the business earned $0.83 earnings per share. CommVault Systems’s revenue 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, equities research analysts forecast that CommVault Systems will post 1.65 EPS for the current year.

Insider Transactions at CommVault Systems

In other CommVault Systems news, insider Gary Merrill sold 15,244 shares of the firm’s stock in a transaction dated 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 $12,787,704.37. This trade represents a 17.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Allison Pickens sold 690 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $177.89, for a total value of $122,744.10. Following the sale, the director owned 5,166 shares in the company, valued at $918,979.74. The trade was a 11.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 55,942 shares of company stock worth $10,019,157. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC bought a new position in shares of CommVault Systems during the first quarter valued at about $243,000. Principal Financial Group Inc. grew its stake in shares of CommVault Systems by 1.4% during the first quarter. Principal Financial Group Inc. now owns 122,042 shares of the software maker’s stock valued at $19,253,000 after buying an additional 1,668 shares during the last quarter. Beacon Harbor Wealth Advisors Inc. bought a new position in shares of CommVault Systems during the first quarter valued at about $5,881,000. KBC Group NV grew its stake in shares of CommVault Systems by 13.8% during the first quarter. KBC Group NV now owns 2,066 shares of the software maker’s stock valued at $326,000 after buying an additional 250 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of CommVault Systems by 178.6% during the first quarter. Raymond James Financial Inc. now owns 51,966 shares of the software maker’s stock valued at $8,199,000 after buying an additional 33,315 shares during the last quarter. 93.50% of the stock is owned by institutional investors.

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.