Piper Sandler Reiterates Neutral Rating for CommVault Systems (NASDAQ:CVLT)

CommVault Systems (NASDAQ:CVLT)‘s stock had its “neutral” rating restated by equities research analysts at Piper Sandler in a report released on Tuesday, Marketbeat Ratings reports. They presently have a $133.00 price objective on the software maker’s stock. Piper Sandler’s price target would indicate a potential upside of 7.78% from the company’s current price.

CVLT has been the topic of a number of other research reports. Weiss Ratings raised CommVault Systems from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 16th. Scotiabank upped their price objective on shares of CommVault Systems from $105.00 to $110.00 and gave the company a “sector perform” rating in a report on Wednesday, April 29th. Oppenheimer lifted their target price on shares of CommVault Systems from $150.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. Wolfe Research began coverage on shares of CommVault Systems in a research report on Friday, May 1st. They set a “peer perform” rating on the stock. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $132.00 target price on shares of CommVault Systems in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $146.13.

CommVault Systems Price Performance

Shares of NASDAQ CVLT traded down $26.05 during midday trading on Tuesday, hitting $123.41. The stock had a trading volume of 865,838 shares, compared to its average volume of 961,547. The stock has a 50 day simple moving average of $131.80 and a 200-day simple moving average of $107.07. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 117.54. The company has a market capitalization of $5.11 billion, a PE ratio of 77.63 and a beta of 0.79. CommVault Systems has a 1 year low of $71.75 and a 1 year high of $200.68.

CommVault Systems (NASDAQ:CVLT) last posted its quarterly earnings results on Tuesday, July 28th. The software maker reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.26. CommVault Systems had a net margin of 5.97% and a return on equity of 51.64%. The firm had revenue of $314.13 million for the quarter, compared to the consensus estimate of $310.43 million. During the same period last year, the firm posted $1.01 earnings per share. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, sell-side analysts expect that CommVault Systems will post 2.88 EPS for the current fiscal year.

Insider Activity at CommVault Systems

In other CommVault Systems news, CFO Gary Merrill sold 4,554 shares of CommVault Systems stock in a transaction dated Tuesday, May 26th. The stock was 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 directly owned 72,775 shares of the company’s stock, valued at $7,765,092.50. The trade was a 5.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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, CAO Danielle Nicole Abrahamsen sold 254 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $150.00, for a total transaction of $38,100.00. Following the sale, the chief accounting officer owned 13,156 shares in the company, valued at $1,973,400. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 55,279 shares of company stock worth $5,786,557. 0.86% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in CommVault Systems by 8.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 147,410 shares of the software maker’s stock worth $23,255,000 after purchasing an additional 11,700 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in CommVault Systems in the 2nd quarter valued at about $327,000. Cetera Investment Advisers boosted its stake in shares of CommVault Systems by 13.4% in the 2nd quarter. Cetera Investment Advisers now owns 2,486 shares of the software maker’s stock valued at $433,000 after buying an additional 294 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of CommVault Systems by 188.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 271 shares of the software maker’s stock valued at $47,000 after buying an additional 177 shares during the period. Finally, Guggenheim Capital LLC grew its position in shares of CommVault Systems by 43.8% during the second quarter. Guggenheim Capital LLC now owns 4,245 shares of the software maker’s stock worth $740,000 after buying an additional 1,293 shares in the last quarter. 93.50% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting CommVault Systems

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

• Positive Sentiment: Commvault reported non-GAAP earnings of $1.42 per share, well above the $1.16–$1.18 analyst consensus, while revenue of $314.13 million also exceeded expectations. Earnings increased from $1.01 per share a year earlier, and revenue grew 11.4% year over year. Commvault Systems Beats Q1 Earnings and Revenue Estimates
• Positive Sentiment: Subscription revenue rose 16% to a record $267 million, subscription annualized recurring revenue increased 22% to $1.054 billion, and free cash flow jumped 71% to $51 million. These metrics support continued growth in Commvault’s recurring-revenue business. Commvault Announces First Quarter Fiscal 2027 Financial Results
• Neutral Sentiment: Management’s fiscal 2027 revenue outlook was approximately $1.3 billion, broadly in line with consensus, suggesting that the strong quarter did not result in a material increase to full-year expectations.
• Negative Sentiment: Second-quarter revenue guidance of approximately $310 million was slightly below the roughly $310.6 million analyst estimate. The limited outlook improvement may have disappointed investors given the earnings beat and Commvault’s elevated valuation.
• Negative Sentiment: Bernstein Liebhard announced an investigation into potential breaches of fiduciary duty by certain Commvault directors and officers. Although no wrongdoing has been established, the announcement adds legal and governance-related uncertainty for shareholders. Commvault Shareholder Investigation 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.