Veeva Systems major shareholder Unloads $1,130,000 in Stock (VEEV)
Veeva Systems (NASDAQ:VEEV) major shareholder Maja Kristin unloaded 50,000 shares of Veeva Systems stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $22.60, for a total value of $1,130,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Veeva Systems (NASDAQ:VEEV) traded down 1.81% during mid-day trading on Friday, hitting $22.18. The stock had a trading volume of 445,269 shares. Veeva Systems has a 52-week low of $17.11 and a 52-week high of $49.00. The stock’s 50-day moving average is $24.10 and its 200-day moving average is $25.78. The company has a market cap of $2.835 billion and a P/E ratio of 135.27.
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 $0.27 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 given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $29.40.
Veeva Systems Inc (NASDAQ:VEEV) which provides industry-specific, cloud-based software solutions for the life sciences industry.
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