Insider Selling: Veeva Systems major shareholder Unloads 50,000 Shares of Stock (VEEV)
Veeva Systems (NASDAQ:VEEV) major shareholder Maja Kristin sold 50,000 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $23.39, for a total transaction of $1,169,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Veeva Systems (NASDAQ:VEEV) traded down 5.46% on Friday, hitting $22.50. 612,414 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 $24.26 and a 200-day moving average of $26.0. The company has a market cap of $2.875 billion and a P/E ratio of 142.51.
Veeva Systems (NASDAQ:VEEV) last issued its quarterly earnings data 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. On average, analysts predict that Veeva Systems will post $0.26 earnings per share for the current fiscal year.
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 investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Veeva Systems has an average rating of “Buy” and an average target price of $29.40.
Veeva Systems Inc (NASDAQ:VEEV) which provides industry-specific, cloud-based software solutions for the life sciences industry.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.