Veeva Systems Inc. (VEEV) EVP Sells $25,103.97 in Stock
Veeva Systems Inc. (NYSE:VEEV) EVP Alan Mateo sold 657 shares of the firm’s stock in a transaction that occurred on Friday, October 14th. The stock was sold at an average price of $38.21, for a total transaction of $25,103.97. Following the completion of the transaction, the executive vice president now owns 8,184 shares in the company, valued at approximately $312,710.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Alan Mateo also recently made the following trade(s):
- On Wednesday, September 14th, Alan Mateo sold 2,716 shares of Veeva Systems stock. The stock was sold at an average price of $39.90, for a total transaction of $108,368.40.
- On Tuesday, September 6th, Alan Mateo sold 44,177 shares of Veeva Systems stock. The stock was sold at an average price of $40.55, for a total transaction of $1,791,377.35.
Shares of Veeva Systems Inc. (NYSE:VEEV) traded up 0.24% during trading on Monday, hitting $37.97. The stock had a trading volume of 591,919 shares. The company has a market cap of $5.17 billion, a P/E ratio of 102.62 and a beta of 1.58. Veeva Systems Inc. has a 12 month low of $19.97 and a 12 month high of $42.58. The stock has a 50-day moving average price of $40.17 and a 200 day moving average price of $34.38.
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Veeva Systems (NYSE:VEEV) last released its earnings results on Tuesday, August 30th. The company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The firm had revenue of $131.30 million for the quarter, compared to the consensus estimate of $126.61 million. Veeva Systems had a return on equity of 11.26% and a net margin of 11.33%. The company’s revenue for the quarter was up 33.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS. Equities analysts expect that Veeva Systems Inc. will post $0.60 EPS for the current fiscal year.
Several brokerages have recently issued reports on VEEV. Stifel Nicolaus raised their target price on shares of Veeva Systems from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, September 30th. Bank of America Corp. restated a “hold” rating and issued a $44.00 target price on shares of Veeva Systems in a report on Friday, September 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $46.00 price target (up previously from $43.00) on shares of Veeva Systems in a research note on Friday, September 30th. Goldman Sachs Group Inc. assumed coverage on Veeva Systems in a research note on Tuesday, October 4th. They issued a “neutral” rating and a $43.00 price target for the company. Finally, Pacific Crest set a $42.00 price target on Veeva Systems and gave the stock a “buy” rating in a research note on Wednesday, August 31st. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $41.46.
A number of institutional investors have recently made changes to their positions in the stock. Huntington National Bank acquired a new position in shares of Veeva Systems during the second quarter valued at approximately $101,000. FineMark National Bank & Trust increased its position in shares of Veeva Systems by 12.7% in the second quarter. FineMark National Bank & Trust now owns 3,060 shares of the company’s stock valued at $104,000 after buying an additional 346 shares during the period. DIAM Co. Ltd. acquired a new position in shares of Veeva Systems during the second quarter valued at approximately $170,000. Denver Investment Advisors LLC acquired a new position in shares of Veeva Systems during the second quarter valued at approximately $204,000. Finally, Legal & General Group Plc increased its position in shares of Veeva Systems by 6.8% in the second quarter. Legal & General Group Plc now owns 6,800 shares of the company’s stock valued at $232,000 after buying an additional 433 shares during the period. 70.69% of the stock is currently owned by institutional investors.
Veeva Systems Company Profile
Veeva Systems Inc (Veeva) is a provider of cloud-based software solutions for the global life sciences industry. The Company offers solutions for a range of requirements within life sciences companies, including multichannel customer relationship management, regulated content and information management, master data management and customer data.
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