Veeva Systems Inc. (NYSE:VEEV) Director Gordon Ritter sold 5,100 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $57.40, for a total transaction of $292,740.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Gordon Ritter also recently made the following trade(s):

  • On Thursday, August 31st, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The stock was sold at an average price of $57.95, for a total transaction of $591,090.00.
  • On Monday, August 7th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The stock was sold at an average price of $62.78, for a total transaction of $320,178.00.
  • On Tuesday, August 8th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The stock was sold at an average price of $62.91, for a total transaction of $641,682.00.
  • On Friday, July 28th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The stock was sold at an average price of $63.60, for a total transaction of $648,720.00.
  • On Monday, July 10th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The stock was sold at an average price of $62.06, for a total transaction of $316,506.00.
  • On Tuesday, July 11th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The stock was sold at an average price of $62.03, for a total transaction of $632,706.00.
  • On Friday, June 30th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The stock was sold at an average price of $61.51, for a total transaction of $627,402.00.
  • On Thursday, June 15th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The stock was sold at an average price of $59.35, for a total transaction of $605,370.00.

Shares of Veeva Systems Inc. (NYSE:VEEV) traded up 0.37% during midday trading on Friday, reaching $59.72. 1,416,414 shares of the company’s stock traded hands. The stock’s 50 day moving average is $62.62 and its 200-day moving average is $56.46. The company has a market capitalization of $8.36 billion, a PE ratio of 76.37 and a beta of 1.63. Veeva Systems Inc. has a 52 week low of $36.55 and a 52 week high of $68.07.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings results on Thursday, August 24th. The technology company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. Veeva Systems had a return on equity of 13.31% and a net margin of 18.98%. The business had revenue of $166.59 million during the quarter, compared to analysts’ expectations of $164.26 million. During the same quarter last year, the business posted $0.15 earnings per share. The business’s revenue for the quarter was up 26.8% on a year-over-year basis. On average, analysts forecast that Veeva Systems Inc. will post $0.86 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Achmea Investment Management B.V. purchased a new position in shares of Veeva Systems during the second quarter worth $476,000. Navellier & Associates Inc boosted its position in shares of Veeva Systems by 4.1% in the second quarter. Navellier & Associates Inc now owns 115,578 shares of the technology company’s stock worth $7,086,000 after buying an additional 4,512 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Veeva Systems during the second quarter worth $825,000. Public Employees Retirement System of Ohio boosted its position in shares of Veeva Systems by 5.0% in the second quarter. Public Employees Retirement System of Ohio now owns 100,659 shares of the technology company’s stock worth $6,171,000 after buying an additional 4,809 shares in the last quarter. Finally, Koch Industries Inc. purchased a new position in shares of Veeva Systems during the second quarter worth $408,000. Institutional investors and hedge funds own 71.50% of the company’s stock.

VEEV has been the subject of several recent analyst reports. Stifel Nicolaus reissued a “buy” rating and issued a $67.00 price target (up previously from $60.00) on shares of Veeva Systems in a report on Sunday, May 21st. Morgan Stanley lowered shares of Veeva Systems from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $53.00 to $68.00 in a report on Monday, June 5th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Veeva Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 27th. Needham & Company LLC reissued a “buy” rating and issued a $75.00 price target (up previously from $48.00) on shares of Veeva Systems in a report on Sunday, May 28th. Finally, Bank of America Corporation raised shares of Veeva Systems from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $48.00 to $70.00 in a report on Friday, May 26th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $64.77.

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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