Insider Selling: Maja Kristin Sells 25,000 Shares of Veeva Systems Stock (VEEV)
Veeva Systems (NASDAQ:VEEV) major shareholder Maja Kristin sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $25.54, for a total value of $638,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
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 research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $29.40.
Veeva Systems (NASDAQ:VEEV) traded down 0.36% on Monday, hitting $24.87. 746,667 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 $22.3 and its 200-day moving average is $27.35. The company has a market cap of $3.178 billion and a P/E ratio of 149.46. Veeva Systems also saw some unusual options trading activity on Friday. Stock traders bought 6,822 call options on the company. This represents an increase of 269% compared to the typical volume of 1,851 call options.
Veeva Systems (NASDAQ:VEEV) last released its earnings data 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.
Veeva Systems Inc (NASDAQ:VEEV) which provides industry-specific, cloud-based software solutions for the life sciences industry.
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