Veeva Systems Inc. (NYSE:VEEV) Director Gordon Ritter sold 10,200 shares of the firm’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $57.13, for a total value of $582,726.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • On Tuesday, October 10th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The stock was sold at an average price of $56.85, for a total value of $289,935.00.
  • On Tuesday, September 26th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The stock was sold at an average price of $54.55, for a total value of $278,205.00.
  • On Wednesday, September 27th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The stock was sold at an average price of $55.16, for a total value of $562,632.00.
  • On Monday, September 11th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The stock was sold at an average price of $57.72, for a total value of $294,372.00.
  • On Tuesday, September 12th, Gordon Ritter sold 10,200 shares of Veeva Systems stock. The stock was sold at an average price of $57.41, for a total value of $585,582.00.
  • On Wednesday, August 30th, Gordon Ritter sold 5,100 shares of Veeva Systems stock. The stock was sold at an average price of $57.40, for a total value of $292,740.00.
  • 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 value 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 value 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 value 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 value of $648,720.00.

Veeva Systems Inc. (NYSE VEEV) traded up 1.27% during trading on Wednesday, reaching $57.42. The company had a trading volume of 1,277,433 shares. The stock has a market cap of $8.07 billion, a P/E ratio of 73.43 and a beta of 1.62. The firm has a 50-day moving average price of $57.42 and a 200 day moving average price of $58.80. Veeva Systems Inc. has a 12-month low of $37.10 and a 12-month high of $68.07.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings data on Thursday, August 24th. The technology company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.03. The business had revenue of $166.59 million during 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 12.77%. The firm’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.15 earnings per share. Equities research analysts predict that Veeva Systems Inc. will post $0.87 EPS for the current fiscal year.

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Several research analysts recently weighed in on the company. Canaccord Genuity reaffirmed a “buy” rating and issued a $70.00 target price on shares of Veeva Systems in a research report on Tuesday, August 22nd. Zacks Investment Research lowered Veeva Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 27th. KeyCorp reissued a “buy” rating and issued a $70.00 price objective on shares of Veeva Systems in a research report on Friday, August 25th. Stifel Nicolaus reissued a “buy” rating and issued a $67.00 price objective on shares of Veeva Systems in a research report on Monday, July 10th. Finally, BidaskClub lowered Veeva Systems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $65.75.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Veeva Systems by 3.3% during the second quarter. Vanguard Group Inc. now owns 9,125,993 shares of the technology company’s stock valued at $559,515,000 after buying an additional 290,865 shares during the last quarter. BlackRock Inc. increased its stake in Veeva Systems by 44.9% in the second quarter. BlackRock Inc. now owns 5,812,749 shares of the technology company’s stock valued at $356,379,000 after acquiring an additional 1,801,439 shares during the period. FMR LLC increased its stake in Veeva Systems by 50.9% in the second quarter. FMR LLC now owns 3,456,402 shares of the technology company’s stock valued at $211,912,000 after acquiring an additional 1,166,372 shares during the period. First Trust Advisors LP increased its stake in Veeva Systems by 1.2% in the second quarter. First Trust Advisors LP now owns 2,085,958 shares of the technology company’s stock valued at $127,890,000 after acquiring an additional 25,655 shares during the period. Finally, State Street Corp increased its stake in Veeva Systems by 52.1% in the second quarter. State Street Corp now owns 1,856,894 shares of the technology company’s stock valued at $113,851,000 after acquiring an additional 635,842 shares during the period. 71.46% of the stock is owned by institutional investors and hedge funds.

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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