KeyCorp Cuts CommVault Systems (NASDAQ:CVLT) Price Target to $108.00

CommVault Systems (NASDAQ:CVLT) had its price target lowered by KeyCorp from $152.00 to $108.00 in a research note published on Wednesday morning, Marketbeat reports. The firm currently has an overweight rating on the software maker’s stock.

A number of other brokerages have also recently weighed in on CVLT. Wells Fargo & Company lowered their price target on CommVault Systems from $220.00 to $190.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Mizuho dropped their target price on shares of CommVault Systems from $190.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, January 21st. Piper Sandler cut their price target on shares of CommVault Systems from $186.00 to $155.00 and set an “overweight” rating for the company in a report on Monday, January 5th. DA Davidson decreased their price objective on shares of CommVault Systems from $220.00 to $185.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd. Finally, Oppenheimer cut their target price on shares of CommVault Systems from $200.00 to $180.00 and set an “outperform” rating for the company in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $143.58.

CommVault Systems Stock Performance

NASDAQ CVLT opened at $85.70 on Wednesday. CommVault Systems has a twelve month low of $84.44 and a twelve month high of $200.68. 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 stock has a market cap of $3.77 billion, a P/E ratio of 44.18 and a beta of 0.57. The company’s 50-day simple moving average is $121.18 and its 200 day simple moving average is $152.96.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings data on Tuesday, January 27th. The software maker reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.19. CommVault Systems had a return on equity of 37.38% and a net margin of 7.58%.The company had revenue of $313.83 million for the quarter, compared to the consensus estimate of $299.07 million. During the same period in the previous year, the business earned $0.94 earnings per share. The company’s quarterly revenue was up 19.5% on a year-over-year basis. As a group, research analysts forecast that CommVault Systems will post 1.65 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Gary Merrill sold 1,845 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $122.40, for a total transaction of $225,828.00. Following the sale, the insider directly owned 67,318 shares of the company’s stock, valued at $8,239,723.20. This represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sanjay Mirchandani sold 13,109 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $121.15, for a total transaction of $1,588,155.35. Following the completion of the sale, the chief executive officer directly owned 359,260 shares of the company’s stock, valued at approximately $43,524,349. This represents a 3.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 33,111 shares of company stock valued at $4,058,851 over the last three months. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On CommVault Systems

Several hedge funds have recently added to or reduced their stakes in CVLT. Tudor Investment Corp ET AL acquired a new stake in CommVault Systems in the third quarter worth about $1,887,800,000. Vanguard Group Inc. grew its position in shares of CommVault Systems by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 5,675,590 shares of the software maker’s stock worth $711,492,000 after buying an additional 240,093 shares during the period. Geode Capital Management LLC raised its stake in shares of CommVault Systems by 2.0% during the second quarter. Geode Capital Management LLC now owns 1,337,403 shares of the software maker’s stock worth $233,172,000 after buying an additional 26,207 shares during the last quarter. First Trust Advisors LP raised its stake in shares of CommVault Systems by 1,335.8% during the third quarter. First Trust Advisors LP now owns 1,224,856 shares of the software maker’s stock worth $231,228,000 after buying an additional 1,139,547 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in CommVault Systems by 17.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 909,982 shares of the software maker’s stock valued at $114,124,000 after buying an additional 138,091 shares during the period. Institutional investors own 93.50% of the company’s stock.

More CommVault Systems News

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

• Positive Sentiment: Truist reiterated a “Buy” rating on CVLT, signaling confidence from a major research desk that could support demand from growth-oriented investors. Read More.
• Positive Sentiment: Wall Street Zen upgraded CVLT to a “Buy,” another endorsement that may attract bargain-hunters after the recent pullback. Read More.
• Neutral Sentiment: Coverage of CommVault’s expanded partnership with Google Cloud highlights product/market expansion, but the story notes weak share momentum and rich valuation — a mixed read that supports long-term strategic upside but doesn’t help near-term sentiment. Read More.
• Negative Sentiment: Investors reacted badly to the company’s fiscal Q3 update: despite beating EPS ($1.17 vs. $0.98) and revenue ($313.8M vs. $299.1M), guidance/comments were seen as conservative, triggering a sell-off to a 52-week low. That earnings/outlook disconnect is the primary near-term negative driver. Read More.
• Negative Sentiment: Oppenheimer cut its price target to $150, signaling reduced upside from prior forecasts and adding downward pressure on sentiment. Read More.
• Negative Sentiment: Royal Bank of Canada lowered its price target to $100, a notably bearish revision that can weigh on investor confidence. Read More.
• Negative Sentiment: Guggenheim trimmed its target to $175, and other firms including KeyCorp and Cantor Fitzgerald published more cautious forecasts — a cluster of downgrades that amplifies selling pressure. Read More. Read More. Read More.

CommVault Systems Company Profile

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.