Veeva Systems Inc. (NYSE:VEEV) EVP Sells $635,173.52 in Stock
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.
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.
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