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Veeva Systems (NASDAQ:VEEV) major shareholder Maja Kristin sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $22.30, for a total transaction of $557,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 up 2.31% during mid-day trading on Monday, hitting $22.58. The stock had a trading volume of 348,782 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 $23.78 and its 200-day moving average is $25.3. The company has a market cap of $2.886 billion and a P/E ratio of 132.16.

Veeva Systems (NASDAQ:VEEV) last posted its quarterly earnings results 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 $0.27 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 equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Veeva Systems presently has a consensus rating of “Buy” and a consensus price target 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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