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Veeva Systems (NASDAQ:VEEV) major shareholder Maja Kristin sold 50,000 shares of Veeva Systems stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $24.62, for a total transaction of $1,231,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Veeva Systems (NASDAQ:VEEV) traded down 0.28% during mid-day trading on Friday, hitting $24.75. The stock had a trading volume of 1,527,015 shares. Veeva Systems has a 52 week low of $17.11 and a 52 week high of $49.00. The stock has a 50-day moving average of $20.56 and a 200-day moving average of $28.38. The company has a market cap of $3.163 billion and a P/E ratio of 148.62.

Veeva Systems (NASDAQ:VEEV) last announced its earnings results on Thursday, May 29th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters 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. The company’s quarterly revenue was up 55.8% on a year-over-year basis. On average, analysts predict that Veeva Systems will post $0.26 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on VEEV shares. 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 equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $29.40.

Veeva Systems Inc (NASDAQ:VEEV) which provides industry-specific, cloud-based software solutions for the life sciences industry.

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