Veeva Systems Director Emergence Capital Partners Ii Unloads 3,000,000 Shares (VEEV)
Veeva Systems (NASDAQ:VEEV) Director Emergence Capital Partners Ii sold 3,000,000 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $24.27, for a total value of $72,810,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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 analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Veeva Systems currently has an average rating of “Buy” and an average target price of $29.40.
Veeva Systems (NASDAQ:VEEV) traded down 1.90% during mid-day trading on Wednesday, hitting $24.31. 2,114,120 shares of the company’s stock traded hands. Veeva Systems has a 1-year low of $17.11 and a 1-year high of $49.00. The stock’s 50-day moving average is $21.13 and its 200-day moving average is $27.83. The company has a market cap of $3.107 billion and a P/E ratio of 148.38.
Veeva Systems (NASDAQ:VEEV) last posted its quarterly earnings results on Thursday, May 29th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the 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 revenue for the quarter 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.
Veeva Systems Inc (NASDAQ:VEEV) which provides industry-specific, cloud-based software solutions for the life sciences industry.
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