Insider Selling: Veeva Systems CFO Unloads 12,770 Shares of Stock (VEEV)
Veeva Systems (NASDAQ:VEEV) CFO Timothy S. Cabral unloaded 12,770 shares of the stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $25.00, for a total value of $319,250.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
VEEV has been the subject of a number of recent research reports. 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 issued a buy rating to the stock. Veeva Systems presently has an average rating of “Buy” and a consensus price target of $29.40.
Veeva Systems (NASDAQ:VEEV) traded up 2.99% on Tuesday, hitting $26.21. 1,628,447 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 $21.7 and a 200-day moving average of $27.46. The company has a market cap of $3.350 billion and a price-to-earnings ratio of 152.40.
Veeva Systems (NASDAQ:VEEV) last posted its quarterly earnings results 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 $0.26 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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