Truist Financial Cuts CommVault Systems (NASDAQ:CVLT) Price Target to $210.00

CommVault Systems (NASDAQ:CVLT) had its target price reduced by Truist Financial from $230.00 to $210.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the software maker’s stock.

A number of other equities research analysts have also weighed in on the stock. Piper Sandler raised shares of CommVault Systems from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $195.00 to $200.00 in a research note on Monday, October 13th. Robert W. Baird initiated coverage on shares of CommVault Systems in a research note on Monday, October 27th. They set an “outperform” rating and a $215.00 target price on the stock. Wall Street Zen lowered shares of CommVault Systems from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 21st. Wells Fargo & Company lowered their price target on shares of CommVault Systems from $220.00 to $190.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Royal Bank Of Canada lifted their price target on shares of CommVault Systems from $185.00 to $217.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $195.10.

CommVault Systems Trading Up 1.2%

Shares of CVLT opened at $139.22 on Wednesday. The firm’s 50-day moving average price is $177.69 and its 200-day moving average price is $176.03. The firm has a market capitalization of $6.19 billion, a price-to-earnings ratio of 78.21 and a beta of 0.72. The company has a current ratio of 2.53, a quick ratio of 1.24 and a debt-to-equity ratio of 4.18. CommVault Systems has a 1-year low of $128.07 and a 1-year high of $200.68.

CommVault Systems (NASDAQ:CVLT) last announced its earnings results on Tuesday, October 28th. The software maker reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.04). The company 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%. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.83 EPS. CommVault Systems has set its Q3 2026 guidance at EPS. FY 2026 guidance at EPS. Sell-side analysts anticipate that CommVault Systems will post 1.65 EPS for the current year.

Insider Buying and Selling at CommVault Systems

In other news, CEO Sanjay Mirchandani sold 11,320 shares of the company’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 transaction, the chief executive officer owned 458,361 shares in the company, valued at approximately $81,510,336.63. This represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Gary Merrill sold 15,244 shares of the company’s 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 completion of the transaction, the insider owned 71,837 shares in the company, valued at approximately $12,787,704.37. This represents a 17.51% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 55,942 shares of company stock valued at $10,019,157. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC bought a new position in shares of CommVault Systems in the first quarter worth approximately $243,000. Principal Financial Group Inc. lifted its stake in shares of CommVault Systems by 1.4% in the first quarter. Principal Financial Group Inc. now owns 122,042 shares of the software maker’s stock worth $19,253,000 after buying an additional 1,668 shares in the last quarter. Beacon Harbor Wealth Advisors Inc. bought a new position in shares of CommVault Systems in the first quarter worth approximately $5,881,000. KBC Group NV lifted its stake in shares of CommVault Systems by 13.8% in the first quarter. KBC Group NV now owns 2,066 shares of the software maker’s stock worth $326,000 after buying an additional 250 shares in the last quarter. Finally, WCM Investment Management LLC lifted its stake in shares of CommVault Systems by 79.6% in the first quarter. WCM Investment Management LLC now owns 122,370 shares of the software maker’s stock worth $19,821,000 after buying an additional 54,226 shares in the last quarter. Institutional investors 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.