CommVault Systems (NASDAQ:CVLT) Stock Price Expected to Rise, KeyCorp Analyst Says

CommVault Systems (NASDAQ:CVLT) had its target price increased by KeyCorp from $125.00 to $175.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the software maker’s stock. KeyCorp’s price objective indicates a potential upside of 19.76% from the stock’s previous close.

CVLT has been the topic of several other reports. Weiss Ratings raised CommVault Systems from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 16th. Royal Bank Of Canada raised their price target on CommVault Systems from $100.00 to $110.00 and gave the company a “sector perform” rating in a report on Wednesday, April 29th. Jefferies Financial Group began coverage on CommVault Systems in a research report on Monday, April 27th. They issued a “hold” rating and a $105.00 price objective for the company. Stephens boosted their price objective on CommVault Systems from $135.00 to $155.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 16th. Finally, Robert W. Baird decreased their target price on CommVault Systems from $185.00 to $160.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, CommVault Systems presently has an average rating of “Moderate Buy” and an average target price of $142.00.

CommVault Systems Trading Down 1.7%

Shares of CommVault Systems stock opened at $146.13 on Thursday. CommVault Systems has a 12-month low of $71.75 and a 12-month high of $200.68. The stock has a market capitalization of $6.05 billion, a P/E ratio of 91.91 and a beta of 0.79. The company has a 50-day simple moving average of $125.04 and a 200 day simple moving average of $105.98. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 117.54.

CommVault Systems (NASDAQ:CVLT) last released its quarterly earnings results on Tuesday, April 28th. The software maker reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.19. The firm had revenue of $311.69 million for the quarter, compared to analyst estimates of $306.71 million. CommVault Systems had a net margin of 5.97% and a return on equity of 51.64%. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.03 earnings per share. Research analysts expect that CommVault Systems will post 2.88 earnings per share for the current fiscal year.

Insider Activity at CommVault Systems

In related news, CFO Gary Merrill sold 4,554 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $106.70, for a total value of $485,911.80. Following the completion of the transaction, the chief financial officer owned 72,775 shares in the company, valued at $7,765,092.50. The trade was a 5.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Sanjay Mirchandani sold 8,450 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $99.13, for a total value of $837,648.50. Following the transaction, the chief executive officer directly owned 306,927 shares in the company, valued at approximately $30,425,673.51. This represents a 2.68% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 55,279 shares of company stock valued at $5,786,557 over the last quarter. Corporate insiders own 0.86% of the company’s stock.

Institutional Trading of CommVault Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CVLT. Boston Trust Walden Corp acquired a new position in CommVault Systems during the 4th quarter valued at about $30,830,000. Intech Investment Management LLC grew its position in shares of CommVault Systems by 52.4% during the 4th quarter. Intech Investment Management LLC now owns 86,634 shares of the software maker’s stock worth $10,860,000 after buying an additional 29,796 shares during the period. Epoch Investment Partners Inc. acquired a new stake in shares of CommVault Systems during the 4th quarter worth approximately $27,278,000. BNP Paribas Financial Markets raised its stake in shares of CommVault Systems by 410.8% during the fourth quarter. BNP Paribas Financial Markets now owns 320,468 shares of the software maker’s stock worth $40,174,000 after buying an additional 257,729 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in shares of CommVault Systems by 64.3% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 273,206 shares of the software maker’s stock worth $21,280,000 after buying an additional 106,970 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting CommVault Systems

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

• Positive Sentiment: Mizuho raised its price target on Commvault Systems to $175 from $140 and kept an outperform rating, signaling confidence in further upside from current levels. Benzinga report on Mizuho price target increase
• Neutral Sentiment: Zacks noted that CVLT fell in the latest session even as the broader market gained, highlighting recent weakness in the shares. Zacks article on CVLT stock drop
• Negative Sentiment: Multiple law firms issued reminders and deadline alerts tied to an expanded securities class action against Commvault, with the alleged class period now covering purchases from January 28, 2025 through January 26, 2026. That legal noise can weigh on investor sentiment and create uncertainty. HBSS expanded class period alert

About CommVault Systems

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.