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Veeva Systems (NASDAQ:VEEV) VP Jonathan Faddis unloaded 127,500 shares of Veeva Systems stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $29.14, for a total value of $3,715,350.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Veeva Systems (NASDAQ:VEEV) traded up 4.54% on Thursday, hitting $30.16. 2,499,105 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’s 50-day moving average is $23.99 and its 200-day moving average is $24.85. The company has a market cap of $3.840 billion and a P/E ratio of 139.37.

Veeva Systems (NASDAQ:VEEV) last released its earnings data on Thursday, August 28th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. The company had revenue of $75.70 million for the quarter, compared to the consensus estimate of $69.28 million. The company’s revenue for the quarter was up 52.6% on a year-over-year basis. Analysts expect that Veeva Systems will post $0.31 EPS for the current fiscal year.

VEEV has been the subject of a number of recent research reports. Analysts at Canaccord Genuity raised their price target on shares of Veeva Systems from $30.00 to $33.00 in a research note on Friday, August 29th. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Veeva Systems from $30.00 to $32.00 in a research note on Friday, August 29th. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Veeva Systems from $27.00 to $32.00 in a research note on Friday, August 29th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $31.40.

Veeva Systems Inc (NASDAQ:VEEV) which provides industry-specific, cloud-based software solutions for the life sciences industry.

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