Veeva Systems Inc. (NYSE:VEEV) CFO Timothy S. Cabral sold 40,000 shares of Veeva Systems stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $58.82, for a total transaction of $2,352,800.00. Following the completion of the sale, the chief financial officer now directly owns 30,000 shares of the company’s stock, valued at $1,764,600. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of Veeva Systems Inc. (VEEV) traded down 0.65% during trading on Thursday, hitting $57.86. 1,482,479 shares of the company’s stock were exchanged. Veeva Systems Inc. has a 1-year low of $36.55 and a 1-year high of $68.07. The firm has a market capitalization of $8.10 billion, a PE ratio of 73.99 and a beta of 1.65. The stock’s 50 day moving average is $62.18 and its 200 day moving average is $56.97.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings data on Thursday, August 24th. The technology company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.03. The firm had revenue of $166.59 million for the quarter, compared to analyst estimates of $164.26 million. Veeva Systems had a net margin of 18.98% and a return on equity of 13.31%. The company’s revenue for the quarter was up 26.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.15 EPS. On average, equities research analysts forecast that Veeva Systems Inc. will post $0.87 earnings per share for the current year.

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Institutional investors have recently added to or reduced their stakes in the business. ETF Managers Group LLC acquired a new position in shares of Veeva Systems during the 2nd quarter worth $101,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of Veeva Systems during the 2nd quarter worth $102,000. LS Investment Advisors LLC acquired a new position in shares of Veeva Systems during the 2nd quarter worth $105,000. Huntington National Bank increased its stake in shares of Veeva Systems by 10.6% during the 2nd quarter. Huntington National Bank now owns 2,668 shares of the technology company’s stock worth $164,000 after purchasing an additional 256 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. increased its stake in shares of Veeva Systems by 460.0% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,800 shares of the technology company’s stock worth $172,000 after purchasing an additional 2,300 shares during the last quarter. Hedge funds and other institutional investors own 71.51% of the company’s stock.

Several research firms have commented on VEEV. BidaskClub raised shares of Veeva Systems from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 target price on shares of Veeva Systems in a research note on Friday, August 25th. JMP Securities reaffirmed a “buy” rating and issued a $70.00 target price on shares of Veeva Systems in a research note on Saturday, August 26th. KeyCorp reaffirmed a “buy” rating and issued a $70.00 target price on shares of Veeva Systems in a research note on Friday, August 25th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $70.00 target price on shares of Veeva Systems in a research note on Tuesday, August 22nd. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $64.77.

About Veeva Systems

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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