Veeva Systems Inc. (NYSE:VEEV) EVP Alan Mateo sold 10,028 shares of the stock in a transaction on Friday, July 14th. The stock was sold at an average price of $63.34, for a total transaction of $635,173.52. Following the sale, the executive vice president now directly owns 7,989 shares of the company’s stock, valued at approximately $506,023.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Alan Mateo also recently made the following trade(s):

  • On Wednesday, June 14th, Alan Mateo sold 8,025 shares of Veeva Systems stock. The stock was sold at an average price of $59.75, for a total transaction of $479,493.75.
  • On Friday, June 2nd, Alan Mateo sold 1,181 shares of Veeva Systems stock. The stock was sold at an average price of $65.06, for a total transaction of $76,835.86.
  • On Monday, May 15th, Alan Mateo sold 8,025 shares of Veeva Systems stock. The stock was sold at an average price of $56.57, for a total transaction of $453,974.25.

Shares of Veeva Systems Inc. (NYSE:VEEV) traded down 0.62% on Monday, hitting $63.85. 1,021,095 shares of the stock were exchanged. The stock has a market cap of $8.92 billion, a price-to-earnings ratio of 102.82 and a beta of 1.63. The stock’s 50-day moving average is $61.65 and its 200-day moving average is $50.34. Veeva Systems Inc. has a 1-year low of $35.92 and a 1-year high of $68.07.

Veeva Systems (NYSE:VEEV) last posted its earnings results on Thursday, May 25th. The technology company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.04. Veeva Systems had a return on equity of 12.28% and a net margin of 15.86%. The firm had revenue of $157.90 million during the quarter, compared to the consensus estimate of $151.82 million. During the same quarter in the previous year, the company earned $0.15 EPS. The business’s revenue was up 31.8% compared to the same quarter last year. Analysts forecast that Veeva Systems Inc. will post $0.83 earnings per share for the current year.

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VEEV has been the subject of several research reports. Canaccord Genuity reissued a “buy” rating and set a $70.00 price objective (up previously from $48.00) on shares of Veeva Systems in a research report on Friday, May 26th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $67.00 target price on shares of Veeva Systems in a research report on Monday, July 10th. Zacks Investment Research raised shares of Veeva Systems from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Wednesday, May 31st. Citigroup Inc. raised their target price on shares of Veeva Systems from $61.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, May 30th. Finally, Pacific Crest reaffirmed an “overweight” rating and issued a $70.00 target price (up previously from $61.00) on shares of Veeva Systems in a research report on Sunday, May 28th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $62.00.

Several hedge funds have recently bought and sold shares of the company. Oregon Public Employees Retirement Fund purchased a new stake in Veeva Systems during the second quarter valued at about $1,183,000. Winslow Evans & Crocker Inc. raised its stake in Veeva Systems by 50.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 10,375 shares of the technology company’s stock valued at $619,000 after buying an additional 3,499 shares during the last quarter. CENTRAL TRUST Co raised its position in Veeva Systems by 1,314.2% in the second quarter. CENTRAL TRUST Co now owns 6,788 shares of the technology company’s stock valued at $416,000 after buying an additional 6,308 shares during the last quarter. Mn Services Vermogensbeheer B.V. bought a new position in Veeva Systems during the second quarter valued at $1,061,000. Finally, Meeder Asset Management Inc. bought a new position in Veeva Systems during the second quarter valued at $379,000. Hedge funds and other institutional investors own 80.45% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Veeva Systems (NYSE:VEEV)

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