Veeva Systems major shareholder $599,750 in Stock (VEEV)
Veeva Systems (NASDAQ:VEEV) major shareholder Maja Kristin 25,000 shares of Veeva Systems stock on the open market in a transaction dated Wednesday, July 9th. The was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own more than 10% 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 equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Veeva Systems has an average rating of “Buy” and a consensus price target of $29.40.
Veeva Systems (NASDAQ:VEEV) traded up 0.33% during mid-day trading on Friday, hitting $24.41. 475,874 shares of the company’s stock traded hands. Veeva Systems has a one year low of $17.11 and a one year high of $49.00. The stock has a 50-day moving average of $23.11 and a 200-day moving average of $26.97. The company has a market cap of $3.120 billion and a P/E ratio of 145.69.
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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