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Veeva Systems (NASDAQ:VEEV) major shareholder Maja Kristin sold 25,000 shares of the company’s stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $24.36, for a total transaction of $609,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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 given a buy rating to the company’s stock. Veeva Systems has a consensus rating of “Buy” and a consensus price target of $29.40.

Veeva Systems (NASDAQ:VEEV) traded up 2.56% on Friday, hitting $24.83. 1,922,159 shares of the company’s stock traded hands. 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 $21.3 and a 200-day moving average of $27.80. The company has a market cap of $3.173 billion and a price-to-earnings ratio of 144.97.

Veeva Systems (NASDAQ:VEEV) last announced its 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. Analysts expect that Veeva Systems will post $0.26 EPS 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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