Insider Selling: Veeva Systems VP Unloads 8,841 Shares of Stock (VEEV)
Veeva Systems (NASDAQ:VEEV) VP Jonathan Faddis sold 8,841 shares of the stock on the open market in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $23.98, for a total value of $212,007.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Veeva Systems (NASDAQ:VEEV) traded up 1.55% on Wednesday, hitting $24.90. The stock had a trading volume of 1,494,822 shares. Veeva Systems has a 52-week low of $17.11 and a 52-week high of $49.00. The stock’s 50-day moving average is $20.40 and its 200-day moving average is $28.41. The company has a market cap of $3.182 billion and a price-to-earnings ratio of 146.83.
Veeva Systems (NASDAQ:VEEV) last issued its quarterly earnings data on Thursday, May 29th. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.02. The company had revenue of $66.70 million for the quarter, compared to the consensus estimate of $63.40 million. Veeva Systems’s revenue was up 55.8% compared to the same quarter last year. Analysts expect that Veeva Systems will post $0.27 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank cut their price target on shares of Veeva Systems from $34.00 to $30.00 in a research note on Friday, May 30th. They now have a “buy” rating on the stock. Separately, analysts at Pacific Crest cut their price target on shares of Veeva Systems from $44.00 to $30.00 in a research note on Friday, May 30th. They now have an “outperform” rating on the stock. Finally, analysts at Morgan Stanley reiterated a “buy” rating on shares of Veeva Systems in a research note on Friday, May 30th. They now have a $30.00 price target on the stock, down previously from $34.00. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $29.40.
Veeva Systems Inc (NASDAQ:VEEV) which provides industry-specific, cloud-based software solutions for the life sciences industry.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.