DA Davidson Lifts Earnings Estimates for Commvault Systems

Commvault Systems, Inc. (NASDAQ:CVLT - Free Report) - Equities research analysts at DA Davidson lifted their FY2026 earnings estimates for shares of Commvault Systems in a research report issued to clients and investors on Wednesday, October 30th. DA Davidson analyst R. Kessinger now forecasts that the software maker will earn $1.89 per share for the year, up from their previous forecast of $1.69. DA Davidson currently has a "Buy" rating and a $175.00 price target on the stock. The consensus estimate for Commvault Systems' current full-year earnings is $1.68 per share.

Several other brokerages have also recently issued reports on CVLT. Guggenheim cut Commvault Systems from a "buy" rating to a "neutral" rating in a report on Tuesday, October 15th. Piper Sandler lifted their target price on shares of Commvault Systems from $107.00 to $123.00 and gave the stock a "neutral" rating in a research note on Monday, July 15th. StockNews.com lowered shares of Commvault Systems from a "strong-buy" rating to a "buy" rating in a report on Friday. Royal Bank of Canada raised their price target on shares of Commvault Systems from $164.00 to $182.00 and gave the stock a "sector perform" rating in a report on Wednesday. Finally, KeyCorp upped their price objective on Commvault Systems from $140.00 to $170.00 and gave the company an "overweight" rating in a report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $144.29.

Commvault Systems Stock Performance

Shares of CVLT stock traded down $0.50 during trading hours on Friday, reaching $155.69. The company had a trading volume of 437,408 shares, compared to its average volume of 354,680. Commvault Systems has a 12-month low of $65.43 and a 12-month high of $171.26. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of 39.42 and a beta of 0.60. The stock has a fifty day moving average of $149.93 and a 200-day moving average of $130.57.

Commvault Systems (NASDAQ:CVLT - Get Free Report) last released its earnings results on Tuesday, July 30th. The software maker reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.12. Commvault Systems had a net margin of 19.75% and a return on equity of 31.62%. The business had revenue of $224.67 million during the quarter, compared to analyst estimates of $215.54 million. During the same quarter in the prior year, the firm earned $0.29 earnings per share. The company's revenue for the quarter was up 13.4% compared to the same quarter last year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. National Bank of Canada FI purchased a new position in shares of Commvault Systems in the 2nd quarter valued at $30,000. Capital Performance Advisors LLP acquired a new stake in shares of Commvault Systems during the third quarter worth about $33,000. Hexagon Capital Partners LLC lifted its holdings in shares of Commvault Systems by 124.8% in the 2nd quarter. Hexagon Capital Partners LLC now owns 353 shares of the software maker's stock valued at $43,000 after purchasing an additional 196 shares during the last quarter. Signaturefd LLC boosted its position in shares of Commvault Systems by 70.8% in the 2nd quarter. Signaturefd LLC now owns 410 shares of the software maker's stock valued at $50,000 after purchasing an additional 170 shares during the period. Finally, Strategic Financial Concepts LLC purchased a new position in Commvault Systems during the 2nd quarter worth approximately $56,000. Hedge funds and other institutional investors own 93.50% of the company's stock.

Insider Transactions at Commvault Systems

In related news, Director Allison Pickens sold 1,232 shares of the firm's stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $153.89, for a total transaction of $189,592.48. Following the completion of the transaction, the director now directly owns 7,131 shares in the company, valued at $1,097,389.59. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Commvault Systems news, Director Allison Pickens sold 1,232 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $153.89, for a total value of $189,592.48. Following the sale, the director now owns 7,131 shares of the company's stock, valued at $1,097,389.59. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gary Merrill sold 17,388 shares of the business's stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $150.76, for a total value of $2,621,414.88. Following the transaction, the insider now directly owns 94,530 shares of the company's stock, valued at approximately $14,251,342.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% 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.