Insider Selling: Matthew J. Wallach Sells 56,000 Shares of Veeva Systems Stock (VEEV)
Veeva Systems (NASDAQ:VEEV) President Matthew J. Wallach sold 56,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $25.38, for a total value of $1,421,280.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
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 analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $29.40.
Shares of Veeva Systems (NASDAQ:VEEV) traded down 1.07% during mid-day trading on Thursday, hitting $24.96. 728,202 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 $22.11 and a 200-day moving average of $27.37. The company has a market cap of $3.190 billion and a P/E ratio of 151.08.
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. 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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