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 stock on the open market in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $22.83, for a total transaction of $570,750.00. The transaction was disclosed in a document filed 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.
VEEV has been the subject of a number of recent research reports. 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 issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $29.40.
Veeva Systems (NASDAQ:VEEV) opened at 22.32 on Monday. Veeva Systems has a 1-year low of $17.11 and a 1-year high of $49.00. The stock has a 50-day moving average of $23.85 and a 200-day moving average of $25.46. The company has a market cap of $2.852 billion and a P/E ratio of 132.16.
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. Analysts expect that Veeva Systems will post $0.27 EPS 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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