Insider Selling: Maja Kristin Unloads 25,000 Shares of Veeva Systems Stock (VEEV)
Veeva Systems (NASDAQ:VEEV) major shareholder Maja Kristin unloaded 25,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $22.30, for a total value of $557,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases 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 research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Veeva Systems currently has a consensus rating of “Buy” and a consensus price target of $29.40.
Veeva Systems (NASDAQ:VEEV) traded down 1.76% during mid-day trading on Wednesday, hitting $21.74. The stock had a trading volume of 158,712 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 $23.69 and its 200-day moving average is $25.2. The company has a market cap of $2.778 billion and a P/E ratio of 132.51.
Veeva Systems (NASDAQ:VEEV) last posted its quarterly earnings results 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. 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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